Ohio Admin. Code 117-6-07 - Community school fiscal officer bonding requirements

(A) As used in this rule:

(1) "Governing authority" means the governing authority of a community school as used in Chapter 3314. of the Revised Code.

(2) "Fiscal officer" means the fiscal officer as designated in section 3314.011 of the Revised Code.

(3) "Employee dishonesty and faithful performance of duty policy" shall have the same meaning as in section 3.061 of the Revised Code.

(B) The fiscal officer of a community school shall execute a bond prior to entering upon the duties of fiscal officer, unless the fiscal officer is using an employee dishonesty and faithful performance of duty policy in lieu of bond as allowed by their school's policy. The bond shall be:

(1) In an amount and with surety to be established by a resolution of the governing authority;

(2) Payable to the state of Ohio; and

(3) Conditioned for the faithful performance of all the official duties required of the fiscal officer.

(C) The bond executed in accordance with paragraph (B) of this rule shall be deposited with the governing authority.

(D) A copy of the bond deposited in accordance with paragraph (C) of this rule, which shall be certified by the governing authority, shall be filed with the county auditor of the county in which the community school is located.

Notes

Ohio Admin. Code 117-6-07

Effective: 7/16/2021
Five Year Review (FYR) Dates: 4/15/2021 and 07/01/2026
Promulgated Under: 117.20
Statutory Authority: 117.43
Rule Amplifies: 3314.011
Prior Effective Dates: 07/01/2000