125P - Fiscal Agent and Deputy Agent(s)
The School Board may adopt a resolution appointing an agent, and a deputy agent(s) to act for the agent in his or her absence or inability to perform this duty, to examine and approve such claims and, when approved by their deputy, to order or authorize payment. Any such agent or deputy agent must furnish a corporate surety bond, the premium of which shall be paid out of funds made available to the school board. A record of such approval and order or authorization shall be made and kept with the records of the School Board. Any official documents requiring a signature of a clerk (or deputy clerk) and a fiscal agent (or deputy fiscal agent) shall not be signed by the same individual should that person fill both positions.
Code of Virginia, Article 6, Section(s) 22.1-122
Policy 711P, Operations and Finance- Expenditure of Funds
Adopted: January 20, 2003
Amended: September 2, 2008
Amended: February 2, 2016