School Treasurer Bonds
Section 3-8 and Section 8-2 of the School Code (105 ILCS
5/3-8 and 105 ILCS 5/8-2) require Regional Superintendents
of Schools to file an affidavit with the Illinois State Board
of Education (ISBE) showing which treasurers of school districts
in their region are properly bonded. This affidavit must be
filed by September 1 of each year. Copies of the actual school
treasurer bond do not have to be filed with ISBE.
Section 8-2 of the School Code (105 ILCS 5/8-2) requires
each treasurer of a school district to be properly bonded.
The penalty of the bond shall be 25% of the amount of all
bonds, notes, mortgages, moneys and effects of which the treasurer
is to have custody. The bond shall be increased or decreased
from time to time, as the increase or decrease of the amount
of notes, bonds, mortgages, moneys and effects may require.
The bond shall be payable to the township trustees of schools
over the district or payable to the school board of the district,
whichever is applicable. The bond shall be filed with the
Regional Superintendent of Schools.
Section 3-8 of the School Code (105 ILCS 5/3-8) describes
the duties of the Regional Superintendent of Schools upon
receipt of the treasurer bonds. When the bond of any school
treasurer is filed with the Regional Superintendent of Schools,
the Regional Superintendent shall carefully examine it. If
the bond is found to be in all respects according to law and
the sureties sufficient, the Regional Superintendent shall
endorse his/her approval and file it with the papers of his/her
office. If the bond is in any respect defective, or if the
sureties are insufficient, the bond shall be returned for
correction.
The following electronic versions (excel, word, and .pdf)
of the Affidavit of Treasurer Bonds are available below. The
affidavit should be mailed by September 1, each year, with
original signature, to:
Illinois State Board of Education
School Business and Support Services Division N-330
100 North 1st Street
Springfield, Illinois 62777-0001
Affidavit 
Affidavit 
Affidavit 
If you have any questions, please contact Michelle
Heninger at 217.785.8779.
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