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7 U.S.C. · Agriculture
7 U.S.C. § 940h

Bonding requirements

Ch. 31 — RURAL ELECTRIFICATION AND TELEPHONE SERVICE
Title 7 U.S.C. ● ACTIVE Primary Source Ch. 31
Statutory Text

7 U.S.C. § 940h — Bonding requirements

U.S.C. Title 7 - AGRICULTURE 7 U.S.C. United States Code, 2023 Edition Title 7 - AGRICULTURE CHAPTER 31 - RURAL ELECTRIFICATION AND TELEPHONE SERVICE SUBCHAPTER III - RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS Sec. 940h - Bonding requirements From the U.S. Government Publishing Office, www.gpo.gov

§940h. Bonding requirements

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.)

Editorial Notes

Codification Pub. L. 110–234 and Pub. L. 110–246 enacted identical sections. Pub. L. 110–234 was repealed by section 4(a) of Pub. L. 110–246.

Statutory Notes and Related Subsidiaries

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

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 7 U.S.C. § 940h is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 7 U.S.C. § 940g 7 U.S.C. § 940i →
Ch. 31 — RURAL ELECTRIFICATION AND TELEPHONE SERVICE
7 U.S.C. § 9017 U.S.C. § 9027 U.S.C. § 9037 U.S.C. § 9047 U.S.C. § 9057 U.S.C. § 9067 U.S.C. § 906a7 U.S.C. § 9077 U.S.C. § 9087 U.S.C. § 9097 U.S.C. § 9107 U.S.C. § 9117 U.S.C. § 911a7 U.S.C. § 9127 U.S.C. § 912a7 U.S.C. § 9137 U.S.C. § 9147 U.S.C. § 9157 U.S.C. § 9167 U.S.C. § 9177 U.S.C. § 9187 U.S.C. § 918a7 U.S.C. § 918b7 U.S.C. § 918c7 U.S.C. § 9217 U.S.C. § 921a7 U.S.C. § 9227 U.S.C. § 9237 U.S.C. § 9247 U.S.C. § 925
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