Kentucky Department of Education

 

Bonds

Last Updated on Saturday, May 19, 2012 at 8:27 PM

 

This site provides administrative support to the Kentucky school districts with links to the School Facilities Construction Commission Requirements Report and District Debt Service Reports. These reports are used in determining the bonding potential of each school district. This site also provides links to the Bond of Depository and Fidelity Bond forms and instructions for completion and submittal to KDE for approval by the Commissioner of Education.

 

Bond Debt
Under the provisions of KRS 156.070, the Kentucky Board of Education has set regulations governing the issuance of capital construction and renovation bonds and school revenue bonds. KRS 162.080 to 162.300 set forth the methods and authorization for school districts to finance capital construction projects and to issue refunding bonds. 702 ... More


 

Bond of Depository
Per KRS 160.570 and 702 KAR 3:090, by July 1st of each year it is the duty of each local board of education to bond their depository.   The Bond of Depository form is to be completed and submitted to the KDE for approval by the Commissioner of Education by July 1st.   The districts' ... More


 

Bond of Depository and Fidelity (Performance) Bond
This site provides school districts in Kentucky with the Bond of Depository and Fidelity (Performance) Bond forms and instructions to be completed and submitted to KDE for approval by the Commission of Education.  This site also provides the Bond of Depository Penal Sum Calculation Worksheet and Instructions as a tool to determine the amount of bond to ... More


 

Fidelity (Performance) Bond
Per KRS 160.560 and 702 KAR 3:080, it is the duty of each local board of education to bond their board treasurer and any other school employee who is responsible for board of education funds. The Fidelity (Performance) Bond information is due to the Kentucky Department of Education by July 1 for ... More


For more information contact:

LaTonya Bell
500 Mero Street, 15th floor CPT
Frankfort, KY 40601
Phone: 502-564-5279
latonya.bell@education.ky.gov