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31 U.S.C. § 9310 — Individual sureties

Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 9310 — Individual sureties

If another applicable Federal law or regulation permits the acceptance of a bond from a surety that is not subject to sections 9305 and 9306 and is based on a pledge of assets by the surety, the assets pledged by such surety shall— (1) consist of eligible obligations described under section 9303(a); and (2) be submitted to the official of the Government required to approve or accept the bond, who shall deposit the obligations as described under section 9303(b).

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Source location: Title 31, Chapter 93, § 9310; chapter-093-sureties-and-surety-bonds.md

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If another applicable Federal law or regulation permits the acceptance of a bond from a surety that is not subject to sections 9305 and 9306 and is based on a pledge of assets by the surety, the assets pledged by such surety shall— (1) consist of eligible obligations described under section 9303(a); and (2) be submitted to the official of the Government required to approve or accept the bond, who shall deposit the obligations as described under section 9303(b).

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 694b — Surety bond guarantees

**(a) Authority of Administration to guarantee surety against loss from principal’s breach of bond** (1) (A) The Administration may, upon such terms and conditions as it may prescribe, guarantee and enter into commitments to guarantee any surety against loss resulting from a breach of the terms of a bid bond, payment bond, performance bond, or bonds ancillary thereto, by a principal on any total work order or contract amount at the time of bond execution that does not exceed $6,500,000, as adjusted for inflation in accordance with [section 1908 of title 41](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title41-section1908&num=0&edition=prelim). (B) The Administrator may guarantee a surety under subparagraph (A) for a total work order or contract amount that does not exceed $10,000,000, if a contracting officer of a Federal agency certifies that such a guarantee is necessary. (2) The terms and conditions of said guarantees and commitments may vary from surety to surety on the basis of the Administration’s experience with the particular surety. (3) The Administration may authorize any surety, without further administration approval, to issue, monitor, and service such bonds subject to the Administration’s guarantee. (4) No such guarantee may be issued, unless— (A) the person who would be principal under the bond is a small business concern; (B) the bond is required in order for such person to bid on a contract, or to serve as a prime contractor or subcontractor thereon; (C) such person is not able to obtain such bond on reasonable terms and conditions without a guarantee under this section; and (D) there is a reasonable expectation that such principal will perform the covenants and conditions of the contract with respect to which such

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Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 9310 — Individual sureties

Page 586 TITLE 31—MONEY AND FINANCE § 9310 § 9310. Individual sureties If another applicable Federal law or regulation permits the acceptance of a bond from a surety that is not subject to sections 9305 and 9306 and is based on a pledge of assets by the surety, the assets pledged by such surety shall— (1) consist of eligible obligations described under section 9303(a); and (2) be submitted to the official of the Gov- ernment required to approve or accept the bond, who shall deposit the obligations as de- scribed under section 9303(b). (Added Pub. L. 114–92, div. A, title VIII, § 874(a)(1), Nov. 25, 2015, 129 Stat. 940.) Statutory Notes and Related Subsidiaries EFFECTIVE DATE Section effective 1 year after Nov. 25, 2015, see section 874(c) of Pub. L. 114–92, set out as an Effective Date of 2015 Amendment note under section 694b of Title 15, Commerce and Trade. CHAPTER 95—GOVERNMENT PENSION PLAN PROTECTION Sec. 9501. Purpose. 9502. Definitions. 9503. Reports about Government pension plans. 9504. Review and recommendations. § 9501. Purpose The purpose of this chapter is to protect the interests of the United States and of the partici- pants and their beneficiaries in Government pension plans by requiring complete disclosure of the financial condition of those plans. (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 1050.) HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large) 9501 ......... 31:68. Sept. 12, 1950, ch. 946, 64 Stat. 832, § 120; added Nov. 4, 1978, Pub. L. 95–595, § 1, 92 Stat. 2541. The words ‘‘United States’’ are substituted for ‘‘Na- tion’’ for clarity and consistency. The words ‘‘and cer- tain other pension plans’’ are omitted as unnecessary. § 9502. Definitions In this chapter— (1) ‘

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