The authority shall obtain a fidelity bond in an amount determined by the board, for the members of the board and any official responsible for authority accounts and finances. A bond must be in effect for the tenure of the bonded person.
AS 19.75.321
Fidelity bond
Known as the Knik Arm Bridge and Toll Authority Act
The act spans §§ 19–19 (24 sections).
Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.