I don't know the laws on this, but our organization has its own account. It's way too hard to try to keep two different fund sources clearly defined. As for the bonding, I can understand the request. There have been too many cases of misappropriated funds by otherwise good people who are tempted by the availability. I do not, however, think that it is required. Again, I do not know the laws for a PTO. My organization is a Foundation.
- CMay2CK
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