Sec. 2. Surety bond requirements
119 words·~1 min read·
/bill/113/hr/776/ih/section-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Chapter 93 of subtitle VI of title 31, United States Code, is amended— by adding at the end the following: If another applicable law or regulation permits the acceptance of a bond from a surety that is not subject to sections 9305 and 9306 and is based on a pledge of assets by the surety, the assets pledged by such surety shall— consist of eligible obligations described under section 9303(a); and be submitted to the official of the Government required to approve or accept the bond, who shall deposit the assets with a depository described under section 9303(b). ; and in the table of contents for such chapter, by adding at the end the following: 9310. Individual sureties. .