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Idaho Proprietary School Bond

What is an Idaho Proprietary School Bond?

A Surety Bond for Proprietary School is required pursuant to Idaho Code Title 33, Chapter 26 for those registered with the Idaho State Board of Education to operate proprietary schools. The bond protects against failure by such proprietary school to satisfy its contractual obligations and terms and conditions of any contract for tuition or other instructional fees agreed between the propriety school and a student. The bond also protects the state of Idaho in the event that the bonded principal violates provisions of Idaho code, Tittle 33, Chapter 24 or the administrative rules set forth in IDAPA 08.01.11.

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Proprietary School Bond

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