                                 CODE OF VIRGINIA

BOND OF CERTAIN EMPLOYEES OF LOCAL BOARDS (§ 63.2-329)

Every employee duly authorized to certify payments to be made or authorized to
draw warrants on the treasurer or other fiscal officer shall, before entering
upon the discharge of his duties, enter into a bond with surety to be approved
by the judge of the circuit court of the county or city in such sum as the judge
may fix, conditioned upon the faithful discharge of his duties. However, such
sum shall be at least fifteen percent of the annual gross expenditures of the
agency less nonrecurring items. The provisions of this section shall not apply
in localities when provision for bonding such employees has been made by their
governing bodies and the amount of the bonding equals or exceeds the amounts
specified in this section.

HISTORY: Code 1950, § 63-81.1; 1956, c. 415; 1968, c. 578, § 63.1-65; 1984, c.
507; 2002, c. 747.