§ 2580.412-17. Bonds over \$500,000.
61 words·~1 min read·
/us/cfr/t29/s§ 2580.412-17·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Labor-Management Services Administrator, after due notice and opportunity for hearing to all interested parties, and after consideration of the record, may prescribe an amount in excess of \$500,000, which in no event shall exceed 10 per centum of the funds "handled." Any requirement for bonding in excess of \$500,000 shall be according to such other regulations as may be prescribed.