2006 New York Code - Penalties Of Certain Bonds.

 
    § 3709. Penalties  of  certain  bonds.    Whenever  a  school district
  officer is required to furnish a bond under the  provisions  of  section
  thirty-seven hundred eight in the penalty of double the amount of moneys
  apportioned  or  to be received, and such district officer furnishes the
  bond of a surety or  bonding  company  authorized  by  law  to  transact
  business in this state and to execute such bond, the penalty thereof may
  be  fixed  at  the amount of moneys so apportioned or to be received, in
  lieu of the double penalty prescribed in such section.