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7 U.S.C. § 940h

Title 7 Chapter 31 Current through PL 116-220 ~1 min read Last updated: March 30, 2026 View on OLRC →
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§ 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.

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