§ 2580.412-8. The nature of the duties or activities to which the bonding requirement relates.
62 words·~1 min read·
/us/cfr/t29/s§ 2580.412-8·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The bond required under section 13 is limited to protection for those duties and activities from which loss can arise through fraud or dishonesty. It is not required to provide the same scope of coverage that is required in faithful discharge of duties bonds under the Labor-Management Reporting and Disclosure Act of 1959 or in the faithful performance bonds of public officials.