§ 940h. Bonding requirements
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/usc/title-7/section-940hA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Secretary shall review the bonding requirements for all programs administered by the Rural Utilities Service under this chapter 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.
(May 20, 1936, ch. 432, title III, § 318, as added Pub. L. 110–234, title VI, § 6109, May 22, 2008, 122 Stat. 1198, and Pub. L. 110–246, § 4(a), title VI, § 6109, June 18, 2008, 122 Stat. 1664, 1960.)
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- May 20, 1936, ch. 432
- Pub. L. 110–234, title VI, § 6109
- 122 Stat. 1198
- Pub. L. 110–246, § 4(a)
- 122 Stat. 1664
- Pub. L. 110–234
- Pub. L. 110–246
- section 4(a) of Pub. L. 110–246
- section 4 of Pub. L. 110–246
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§ 940h
Bonding requirements
Stat.×2
Stat. Comp.×1
ActMay 20, 1936, ch. 432
Pub. L.Pub. L. 110–234, title VI, § 6109
Stat.122 Stat. 1198
Pub. L.Pub. L. 110–246, § 4(a)
Stat.122 Stat. 1664
Cites 10 · showing 6Cited by 3 across 2 sources