Wyoming Administrative Code
Agency 010 - Agriculture, Dept. of
Sub-Agency 0002 - Conservation Districts Financial Policies
Chapter 1 - WYOMING CONSERVATION DISTRICTS FINANCIAL POLICIES
Section 1-3 - Definitions
Current through September 21, 2024
As used in this Chapter and in addition to the definitions found in W.S. 11-16-102(a), the following terms are defined:
(a)A Blanket bond means an insurance bond that applies the bond limit to the entire loss regardless of the number of employees and supervisors involved.
(b)A Blanket position bond means an insurance bond that applies the bond limit to the each individual employee or supervisor covered.
(c)A Bonding means the purchase of an insurance premium to protect the district from financial loss.
(d)A Department means the Wyoming Department of Agriculture.
(e) A Dishonesty bond means an insurance bond that insures the conservation district against loss sustained through any fraudulent or dishonest act of the employees.
(f)"Employee means any individual employed by the conservation district that is not considered an independent contractor.
(g) A Faithful performance bond means an insurance bond that insures the conservation district against loss sustained through the failure of an employee to perform faithfully his duties or to account properly for funds.
(h) A Supervisor means an elected member of the conservation district board.
(j) "Cash on hand" means funds in checking, savings, and reserve accounts, or easily accessible funds.
