Oklahoma Financial Officer Bond

OklahomaOklahoma State enacted a new law relating to school district financial officers. The new law is referred to as HB 1592 and requires the superintendent of a school district and any financial officer/school district employee managing and responsible for school district funds to acquire a surety bond in a quantity no less than $100,000. The present law authorizes school officials to attain blanket bonds. HB 1592 became active on July 1st, 2009.