Proprietary Schoolbonds are required by The Kentucky State Board of Education to comply with the state, city, county, or federal government licensing requirements. The obligee is the government entity requiring you to get the bond. There are a variety of types of surety bonds, each with its own requirements and uses. Each entity has their own Proprietary School Bond Form, so you will need a different Proprietary School bond for each state you will be transacting business in.