bonding lapse

Audit Shows Lapse in PSC Bonding Protection

State Auditor Josh Gallion says state law requires agencies to maintain a bond that essentially acts as insurance.

BISMARCK, N.D.–A state audit shows the North Dakota Public Service Commission had a 17-month bonding lapse, which left the agency vulnerable to potential theft. State Auditor Josh Gallion says state law requires agencies to maintain a bond that essentially acts as insurance should an employee embezzle or commit theft, while the legal case against the worker makes its way through…