Section 492 - Powers, duties, and liabilities; bonds(a) The powers, duties, and liabilities of the collector, treasurer, prudential committee, and clerk shall be like those of a town collector, treasurer, board of school directors, and the school board clerk, respectively.(b) Before entering upon their duties, the collector and treasurer shall give a bond to the district conditioned for the faithful performance of their duties, in such sum as may be required. In lieu of taking a personal bond from a collector or treasurer, or both, a school district may choose to provide suitable crime insurance covering the collector or treasurer, or both. If a school district has not provided suitable crime insurance in lieu of a bond and a collector or treasurer for ten days neglects to give a bond as required, that office shall be vacant.Amended by 2022 , No. 166, § 11, eff. 6/1/2022.Amended 2011, No. 129 (Adj. Sess.), § 22, eff. 7/1/2013; 2013, No. 92 (Adj. Sess.), § 52, eff. 2/14/2014.