A. From among its members, a local school board shall elect a president, a vice-president and a secretary.
B. Before assuming the duties of office, the president and secretary of a local school board and the superintendent of schools of a school district shall each obtain an official bond payable to the school district and conditioned upon the faithful performance of their duties during their terms of office. The bonds shall be executed by a corporate surety company authorized to do business in this state. The amount of each bond required shall be fixed by the local school board but shall not be less than five thousand dollars ($5,000).
C. A local school board may elect to obtain a schedule or blanket corporate surety bond covering all local school board members and school district administrators and employees for any period not exceeding four years.
D. The cost of bonds obtained pursuant to this section shall be paid from the operational fund of the school district. The bonds shall be approved by the director of the public school finance division [secretary] and filed with the secretary of finance and administration.
History: 1953 Comp., § 77-4-4, enacted by Laws 1967, ch. 16, § 30; 1977, ch. 247, § 202; 1980, ch. 151, § 45.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Cross references. — For the Surety Board Act, see 10-2-13 NMSA 1978.
For references to the former state board, see 9-24-15 NMSA 1978.
For references to the former public school finance division, see 9-6-3.1 NMSA.
Structure New Mexico Statutes
Article 5 - Local School Boards
Section 22-5-1 - Local school boards; members.
Section 22-5-1.1 - Local school board members; elected from districts.
Section 22-5-3 - School board membership; optional form.
Section 22-5-3.1 - Local school boards; reversion to five members.
Section 22-5-4 - Local school boards; powers; duties.
Section 22-5-4.2 - Child abuse; report coordination; confirmation.
Section 22-5-4.4 - School employees; reporting drug and alcohol use; release from liability.
Section 22-5-4.5 - Pledge of allegiance.
Section 22-5-4.6 - Recompiled.
Section 22-5-4.7 - Additional student discipline policies; weapon-free schools.
Section 22-5-4.8 - Area vocational high schools.
Section 22-5-4.9 - High school diplomas; World War II veterans.
Section 22-5-4.10 - High school diplomas; Korean conflict veterans.
Section 22-5-4.11 - Psychotropic medication; prohibition on compulsion.
Section 22-5-4.12 - Use of restraint and seclusion; techniques; requirements.
Section 22-5-4.14 - High school diplomas; Vietnam conflict veterans.
Section 22-5-5 - Compensation; prohibited employment.
Section 22-5-6 - Nepotism prohibited.
Section 22-5-7 - Officers; surety bonds.
Section 22-5-8 - Term of office.
Section 22-5-9 - Local school board vacancies.
Section 22-5-9.1 - Oath of office.
Section 22-5-10 - Publications; advertisements.
Section 22-5-11 - School district salary system.
Section 22-5-12 - Local school boards; vacant or vacated offices.
Section 22-5-13 - Local school board training.
Section 22-5-14 - Local superintendent; powers and duties.
Section 22-5-15 - Collaborative school improvement programs.
Section 22-5-16 - Advisory school councils; creation; duties.
Section 22-5-17 - Private use of school facilities; policy; insurance.
Section 22-5-18 - Local school board authority over who may carry a firearm on school premises.