BONDING REQUIREMENTS.

SEC. 6109. BONDING REQUIREMENTS. Title III of the Rural Electrification Act of 1936 is amended by inserting after section 317 (as added by section 6108) the following:122 STAT. 1199 “SEC. 318. BONDING REQUIREMENTS. “The Secretary shall review the bonding requirements for all programs administered by the Rural Utilities Service under this Act to ensure that bonds are not required if—“(1) the interests of the Secretary are adequately protected by product warranties; or“(2) the costs or conditions associated with a bond exceed the benefit of the bond.” .