Oklahoma 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.
Eric is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog.