7 U.S. Code § 940h - Bonding requirements

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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.

Source

(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.)
Codification

Pub. L. 110–234and Pub. L. 110–246enacted identical sections. Pub. L. 110–234was repealed by section 4(a) ofPub. L. 110–246.
Effective Date

Enactment of this section and repeal of Pub. L. 110–234by Pub. L. 110–246effective May 22, 2008, the date of enactment of Pub. L. 110–234, see section 4 ofPub. L. 110–246, set out as a note under section 8701 of this title.

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7 CFR - Agriculture

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7 CFR Part 1787

 

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