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Code · BILL · 115th Congress · S. 171 (Reported in Senate) — To reauthorize and amend the National Oceanic and Atmospheric Administration Commissioned Officer Corps Act of 2002,... · Sec. 502

Sec. 502. Waivers of bond requirements for certain contracts

88 words·~1 min read·/bill/115/s/171/rs/section-502·

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Section 3134 of title 40, United States Code, is amended by adding at the end the following: The Secretary of Commerce may waive this subchapter with respect to contracts for the construction, alteration, or repair of vessels, regardless of the terms of the contracts as to payment or title, when the contract is made under the Act entitled An Act to define the functions and duties of the Coast and Geodetic Survey, and for other purposes , approved August 6, 1947 ( 33 U.S.C. 883a et seq.). .
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Sec. 502
Waivers of bond requirements for certain contracts
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