RS 3:2061 Bonding - Louisiana Statutes

§2061.  Bonding

Any member or employee of the council authorized to receive, handle, or disburse funds shall be bonded.  The cost of the bond shall be paid from the funds received under the provisions of this Part.  The bond shall be a security for any illegal act of the member or employee of the council under the provisions of this Part, and recovery thereon may be had by the council for any injury by such illegal act of such person.

Added by Acts 1978, No. 320, §1. HCR 187, 1987 R.S.; HCR 201, 1988 R.S.; Acts 2009, No. 24, §8K, eff. June 12, 2009.