House Bill 16-1013 – “School District Crime Insurance In Lieu Of Bonds”

Concerning authorizing school districts to purchase crime insurance coverage in lieu of surety bonds


Current law requires the secretary, assistant secretary, treasurer, and assistant treasurer of a school board and any person authorized by the board to be the custodian of money of the school district to obtain a surety bond before taking office. Additionally, a school board is required to obtain and pay for a surety bond for any person who is likely to have custody of $50 or more of school district money.

The act authorizes a school district to purchase crime insurance coverage instead of the bonds.


Senator Vicki Marble | Representative Alec Garnett

Signed on March 18th 2016 By: Dickey Lee Hullinghorst (Speaker of The House of Representatives) ; Bill L. Cadman (President of The Senate) ; Marilyn Eddins (Chief Clerk of The House of Representatives) ; Effie Ameen (Secretary of The Senate) ; John W. Hickenlooper (Governor of The State of Colorado)

Paid for by Marble for House District 49.
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