ST. LOUIS BOARD OF EDUCATION REGULATION
BUSINESS AND NON-INSTRUCTIONAL OPERATIONS
EXPENDITURES
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Relations with Vendors -- Acceptable Surety Companies

No company shall be accepted as a surety on any bond, either for the board's benefit or for the benefit of third parties, unless (1) it has filed with the treasurer a certified copy of its certificate of authority from the state authorizing it to write bonds in Missouri, and (2) it has been listed on the latest available-report of the U.S. Department of the Treasury as an acceptable surety on federal bonds. In addition, the company must have officially notified the board that the individual executing the bond on behalf of the company has full power and authority to execute bonds and to bind the company in the amount of the bond.

Regulation approved: June 26, 1990

Revised: February 9, 1999