Section 29323 Of Article 2. Revolving Funds From California Government Code >> Division 3. >> Title 3. >> Chapter 2. >> Article 2.
29323
. Before any money is withdrawn from the county treasury to be
placed in the revolving fund, the officer for whose use the fund is
created shall file with the clerk of the board of supervisors a bond
executed by himself as principal and by an admitted surety insurer,
in an amount equal to that of the revolving fund. The bond shall be
conditioned upon the faithful administration of the fund and upon the
willingness and ability of the principal to account for and pay over
the fund upon demand of the board of supervisors at any time.
In lieu of the bond provided in the preceding paragraph, any
officer of the county required by statute to furnish an official
bond, and any county which purchases and maintains a blanket bond on
all or certain of its employees not otherwise required by statute to
provide a bond, may cause such a bond or bonds to be issued or
amended by endorsement to be conditioned, in addition to its other
provisions, upon the faithful administration of the revolving fund
and upon the willingness and ability of the principal, or principals,
for whose use such a fund or funds have been established, as the
case may be, to account for and pay over the fund or funds upon
demand of the board of supervisors at any time.