§ 20-2-960 - Bonds required; conditions; payment of premiums; applicability of Chapter 4 of Title 45 - Georgia Statutes

O.C.G.A. 20-2-960 (2010)
20-2-960. Bonds required; conditions; payment of premiums; applicability of Chapter 4 of Title 45

(a) Any person employed as a principal on March 10, 1959, and any person upon entering into employment as a principal of any public school of this state shall execute a bond in an amount fixed by the local board of education having jurisdiction over such school. The bond shall be made payable to such local board and shall be conditioned upon faithful and true accounting for all public and other funds and all property coming into such principal's custody, control, care, or possession. The premiums of such bonds shall be paid by the local board out of the county educational fund.

(b) All bonds executed under the authority of this Code section shall be subject to and governed by all the provisions of Chapter 4 of Title 45, relating to official bonds, which are not in conflict with this part.