Opinion No.

The Honorable Mike Hathorn State Representative Route 2, Box 409 Huntsville, AR 72704-9649

Dear Representative Hathorn:

I am writing in response to your request for my opinion on the following question:

When a school district incurs damages resulting from the fraudulent acts of its superintendent that go beyond the scope of legislative audit's capacity to certify specific, quantified damages, does the Arkansas Governmental Bonding Board have the authority and discretion to consider evidence of damages submitted by the school board in order to determine and reimburse the school district for the…