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Map Members Committees Legislation Money Nominations Watch Schedule Daily Record Special Rules Subpoenas House Ethics Foreign Influence Agencies Regulations Office Spending US Code

7 U.S.C. § 940h. — Bonding requirements · Congress.wiki

U.S. Code/Title 7/§ 940h

Title 7

7

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7 U.S.C. § 940h.Chapter 31

§ 940h

Bonding requirements

Title 7

1 min read

Subchapter: RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS

Need the full chapter outline? Open Chapter 31 to browse every section without loading the entire chapter explorer on this page.

Back to Chapter 31 Previous: § 940g Next: § 940i

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.

Release: pl-119-83 (2026-04-13)