Act of May 20, 1936, ch. 432, tit. III, sec. 318 (as amended)

BONDING REQUIREMENTS.

Year: 2023Length: 62 wordsOfficial source
SEC. 318. [7 U.S.C. 940h] 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.
Cross-references to the US Code
7 U.S.C. 940h
Act of May 20, 1936, ch. 432, tit. III, sec. 318 (as amended): BONDING REQUIREMENTS. | Justis AI