18A:17-32 - Bond of treasurer

18A:17-32.  Bond of treasurer
    If the treasurer is an officer of the municipality constituting the district, and the bond given by him for the faithful performance of his duties as such municipal officer covers and secures the faithful performance of his duties as treasurer of school moneys, and it shall be so certified to the board  by a certificate of such coverage by the bondsman thereon and the amount  thereof is sufficient to cover both the original and the additional liability  he shall not be required to give additional bond but otherwise or if he is not  such an officer he shall give bond for the faithful performance of his duties  as treasurer of school moneys in such amount, and with such surety, as the  board shall direct.  In each case the board in its determination of the amount  shall be guided by a schedule of minimum limits to be promulgated by the State  board.

L.1967, c.271; amended by L.1968, c. 295, s. 4, eff. Sept. 9, 1968;  L.1981, c. 174, s. 5, eff. June 19, 1981.