Alabama chief school financial officer bonds.
From $125.
Every Alabama local board of education appoints a chief school financial officer (CSFO), who must be bonded under Code of Ala. § 16-13A-12. The amount is fixed by the State Superintendent of Education and approved by the State Board; the price is 0.4% of the bond amount plus a $25 fee, $125 minimum — enter that figure, with one soft credit pull.
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How much does an Alabama chief school financial officer bond cost?
0.4% of the bond amount plus a $25 fee, from $125. Enter your amount in the calculator for the exact price.
Apply to bonded, fast.
Here's the whole process — one application and a soft credit pull, then a certified copy goes to the State Superintendent:
Apply once, online
Your details, the school system, the bond amount the Superintendent fixed, and the effective date — plus a one-time consent to a soft credit pull. That is the application.
Approved
Most are approved as soon as you apply. One soft credit pull, never a hard inquiry, and it never affects your score. If it needs a second look, one to two business days at most.
File with the State Superintendent
Receive the executed bond, then file a certified copy with the State Superintendent of Education as § 16-13A-12 requires. Wet-ink originals mailed whenever required.
What it is and who needs it.
What the CSFO bond actually covers
Alabama's School Fiscal Accountability Act (Code of Ala. Title 16, Chapter 13A) requires every local board of education to appoint a chief school financial officer who runs the financial-management system and accounts for the funds the board administers.
Code of Ala. § 16-13A-12 requires that CSFO to be bonded in an amount fixed by the State Superintendent of Education and approved by the State Board of Education, with a certified copy of the bond filed with the State Superintendent. The bond guarantees the CSFO faithfully performs those fiscal duties and properly accounts for school funds.
If a CSFO mishandles or fails to account for funds, the board and the public can recover against the bond — and if the surety pays, the CSFO repays the surety. Because the State Superintendent sets the amount per position, enter the figure on your appointment paperwork and we issue it — premiums are 0.4% of the bond amount plus a $25 fee, $125 minimum.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the State Superintendent. Receive the executed bond, then file a certified copy with the State Superintendent of Education as § 16-13A-12 requires. Wet-ink originals mailed whenever required.
What sets the price
The premium is 0.4% of the bond amount plus a $25 fee, $125 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is issued when you pay.
Start the application →Common questions.
Other Alabama bonds.
Price and requirements checked on the carrier’s application, . Page updated .
CSFO bond, on file with the Superintendent.
0.4% of the bond amount plus a $25 fee, $125 minimum, short application, soft pull only. Free until issued.