Statute · United States Code
7 U.S.C. § 940h — Bonding requirements
7 U.S.C. § 940h
- Type
- Statute
- Source
- United States Code
- Jurisdiction
- Federal
- Date
- 2025-01-06
- Topic
- bankruptcy
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.
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.