010-1 Wyo. Code R. § 1-4

Current through April 27, 2019
Section 1-4 - Requirements for bonding

(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.

010-1 Wyo. Code R. § 1-4