Arkansas Department of Education Division of Elementary and Secondary Education Bond Copies on File at School Districts

Memo Information

Memo Number
FT-20-001
Memo Date
12/30/2019
Memo Type
Informational
Unit
Facilities & Transportation
Regulatory Authority
A.C.A. §18-44-503, §22-9-203, and other statutes as applicable
Response Required
NO
Attention
Superintendents

Primary Contact Information

Memo Reference

No references available.

Memo Text

As a reminder, a contractor shall furnish the school district a copy of the bond for any contract for an amount equal to the sum of the contract.

 

The school district must hold the bond as part of the contract documents.  Legislative Audit will be checking contracts for public buildings and improvements to ensure that the school district is in possession of the bond.

 

The Division encourages the school district to consult with its attorney and auditor to ensure the district is advised appropriately.

 

Attached are copies of A.C.A. §18-44-503 and 22-9-203.  Other statutes may be applicable.

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