§ 42802 Bond Exemption Small Funds

• •If a group has a small amount of money (no more than $25) that they use for small expenses, they don’t need to get a special promise (bond) to protect the money.
• •This rule is only for money that is kept in a special fund for small, everyday costs.
• •If the fund ever has more than $25, then they might need that special promise (bond).

A school club keeps $20 in a jar to buy snacks for meetings.

Since the club only has $20 (which is less than $25), they don’t need to get a bond to protect that money.