Wyoming Administrative Code
Agency 010 - Agriculture, Dept. of
Sub-Agency 0002 - Conservation Districts Financial Policies
Chapter 1 - WYOMING CONSERVATION DISTRICTS FINANCIAL POLICIES
Section 1-4 - Requirements for bonding
Universal Citation: WY Code of Rules 1-4
Current through September 21, 2024
(a) Conservation districts are required (W.S. 11-16-118) to purchase insurance bonds to protect the district from any loss that might occur as a result of employee or supervisor theft or fraud.
(b)Conservation districts may choose which type of bond to purchase as long as all employees and supervisors are covered under the bond. Conservation districts may choose from the following insurance bond types:
(i) Dishonesty bond
(ii) Faithful performance bond
(iii) Blanket bond
(iv) Blanket position bond
(c)The amount of the bond purchased must be equal to or greater than 10% of the total revenue for the fiscal year and 20% of the cash on hand.
Disclaimer: These regulations may not be the most recent version. Wyoming may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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