Indiana § 20-26-4-5 - School corporation financial personnel bond requirements
Full text of Indiana Indiana Code § 20-26-4-5 — School corporation financial personnel bond requirements, with citation guidance and answers to common questions.
§ 20-26-4-5. School corporation financial personnel bond requirements
Sec. 5. (a) For each school year commencing July 1:
(1) the treasurer of each governing body and the governing body's school corporation;
(2) a deputy treasurer, if so appointed; and
(3) any individual whose official duties include receiving, processing, depositing, disbursing, or otherwise having access to funds:
(A) that belong to a school corporation or the governing body of a school corporation; and
(B) in an amount that exceeds five thousand dollars ($5,000) per year;
shall give a bond for the faithful performance of the treasurer's, deputy treasurer's, or individual's duties written by an insurance company licensed to do business in Indiana, in an amount determined by the governing body. The treasurer shall be responsible under the treasurer's bond for the acts of a deputy treasurer appointed as provided in section 1 of this chapter.
(b) A governing body may authorize the purchase of a blanket bond that:
(1) is endorsed to include faithful performance to cover the faithful performance of all employees and individuals acting on behalf of the governing body or the governing body's school corporation, including the individuals described in subsection (a); and
(2) includes aggregate coverage sufficient to provide coverage amounts specified for each individual who is required to give a bond under this section.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-5-3-4.]
As added by P.L.1-2005, SEC.10. Amended by P.L.230-2015, SEC.3; P.L.188-2016, SEC.9.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 20-26-4-5
What does Indiana Code § 20-26-4-5 cover?
Section 20-26-4-5 ("School corporation financial personnel bond requirements") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 20-26-4-5?
A common citation format is "Indiana Code § 20-26-4-5" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 20-26-4-5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.