What bond guarantees that public officials will handle public money correctly?

The Public Official Bond is specifically designed to guarantee that public officials will properly manage public funds and fulfill their duties responsibly while in office. This type of bond protects the public by ensuring that officials act in their official capacity without any misconduct or negligence that could lead to financial loss for the community or government.

When public officials are bonded, they are essentially providing a financial guarantee that they will adhere to the laws and regulations governing their role, which includes handling and safeguarding public money correctly. In the event that they fail to do so, the bond can help compensate any party that suffers a loss due to the official’s actions.

Other types of bonds, while important, serve different purposes. Fiduciary Bonds apply to individuals managing someone else's assets but are not specifically about public funds. License and Permit Bonds ensure compliance with laws regarding licenses and permits, and Completion Bonds guarantee that a specific project will be completed according to the terms of a contract. Therefore, the unique focus of the Public Official Bond on the financial responsibility of public officials makes it the correct answer for this question.