Cal. EDC § 22259
This is the official text of Cal. EDC § 22259, part of California’s Education Code — governs public schools, community colleges, and universities in California.
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Official statutory text
(a) All board members and officers and employees of the system shall execute a fidelity bond, in an amount determined by the board to be prudent, conditioned upon the faithful performance of the duties of the board member or employee.
(b) All board members and officers and all staff of the investment division who are authorized to invest funds shall be covered with fiduciary liability insurance in an amount determined by the board to be prudent.
(b) All board members and officers and all staff of the investment division who are authorized to invest funds shall be covered with fiduciary liability insurance in an amount determined by the board to be prudent.
Status: in_force · Read it on the official government site
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