Tennessee Cosmetology School Bond ($5,000) The Cosmetology School Bond is required by the state of Tennessee Board of Cosmetology. The Bond amount the Bond amount (Penalty) required is $5,000. This Bond is required of principals that have applied for a certificate of registration for a permit to run a school of Cosmetology. Therefore this Bond is designed to protect all students or enrollees for any negligence from the principal and the principal?s employees. The principal will be requires to adhere to all rules and regulations of said permit including but not limited to all local and state laws.