New legislation was introduced in Nebraska State relating to treasurers of learning community coordinating councils. The new law is titled LB 392 and requires the treasurer of a learning community coordinating council to acquire a surety bond in a quantity no less than $500 and can not exceed double the amount of money that may come into their hands. The learning community coordinating council will establish the amount required. LB 392 became active upon enactment.
Eric is the Webmaster of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog.