Georgia Non-Public Postsecondary Education Institutions are required to execute a Georgia Non-Public Postsecondary Educational Institution Bond to ensure compliance with the Official Code of Georgia Section 20-3-250.10(b).
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Georgia Non-Public Postsecondary Educational Institution Bond holds you accountable for your business decisions.
By possessing a Georgia Non-Public Postsecondary Educational Institution Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.