What happens if a bowling secretary steals the league's prize money?

Answer 1

The answer will depend on a few factors.

If the league is certified through the United States Bowling Congress, they provide free bonding, burglary/robbery insurance to leagues. They cover funds when a league officer or Youth league supervisor/official misuses them or is robbed by force or threat of violence.

There are some requirements of the league, such as:

• Open an account in the league name in an insured banking institution or in-house deposit service.
• Make deposits within a week of receipt.
• The president and/or Youth league supervisor must verify the account each month by obtaining a statement from the bank or in-house deposit service and mathematically checking for an accurate balance.
• Two elected officers must co-sign for withdrawals. Two signatures are required on all checks written on a league account regardless of the banking institutions policy.
• Cosigners cannot be immediate family members.
• All officers and/or co-signers on the league account must be at least 18 years of age.

If a league fails to follow the above procedures, the bonding program only will cover a maximum of 50 percent of the documented loss on a bond claim and tne week's receipts (up to $2,000) for a burglary or robbery.