29 CFR 453.26 - Powers of the Secretary of Labor to exempt.
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Section 502(a) of the Act provides that when in the opinion of the Secretary of Labor a labor organization has made other bonding arrangements which would provide the protection required at comparable cost or less, he may exempt such labor organization from placing a bond through a surety company holding a grant of authority from the Secretary of the Treasury under the Act of July 30, 1947 (6 U.S.C. 6-13), as acceptable surety on Federal bonds.
[30 FR 14926, Dec. 2, 1965]
Title 29 published on 2013-07-01
no entries appear in the Federal Register after this date.