A Private Postsecondary Career School Bond is a type of surety bond required pursuant to Sections 85-1601 to 85- 658, Revised Statutes of Nebraska, as it pertains to authorization to operate private postsecondary career schools. The surety bond is mandated in a coverage amount of $20,000 for those having applied to operate a private postsecondary career school. The surety bond obligates the bonded principal to execute all agreements and contracts entered into with students as disclosed by the application for authorization to operate, and comply with all applicable provisions set forth in the governing statutes.
