There is a newer version
of
the New York Laws
2017 New York Laws
EDN - Education
Title 5 - Taxation and Financial Administration
Article 75 - Trusts for Schools; Gospel and School Lots
3709 - Penalties of Certain Bonds.
Universal Citation: NY Educ L § 3709 (2017)
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.
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