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PPM 2-10, Employees' Bond |
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Responsible Office: Vice President for Financial Services |
1.0 PURPOSE
This policy outlines the process for employees to be bonded.
2.0 REFERENCES
2.1 Treasury Department Circular 570, Companies Holding Certificates of Authority as Acceptable Sureties on Federal Bonds and as Acceptable Reinsuring Companies
3.0 POLICY
All University officials and employees who may be required to act as a surety on behalf of the University or who must otherwise be bonded in order to handle or expend University funds or property will be adequately bonded by a bonding company approved by the President or designee on the approved list in Treasury Department Circular 570, Companies Holding Certificates of Authority as Acceptable Sureties on Federal Bonds and as Acceptable Reinsuring Companies.
Revision History
Creation Date: 4-20-77
Amended: 10-31-24