7-U.S.C.-940H

§940H – Bonding Requirements

Pathway

Title 7 > Chapter 31 > Subchapter III > Section 940h

Details

• Reference: Section 940h
• Legend: §940H – Bonding Requirements
• USCode Year: 2013

Provision Content

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.)

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 L. 110–234 was repealed by section 4(a) of Pub.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.

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.

U.S. Encyclopedia of Law Coverage

7-U.S.C.-936A in the Legal Encyclopedia: Agriculture

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7-U.S.C.-940C-1 in the Legal Encyclopedia: Telecommunications

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7-U.S.C.-936B in the Legal Encyclopedia: Rural

In this entry about 7-U.S.C.-936B, find legal reference material, bibliographies and premiere content related to rural in the American Encyclopedia of Law, presenting a comprehensive view of the United States rural-specific issues, written by authorities in the field.

7-U.S.C.-931A in the Legal Encyclopedia: Loans

In this entry about 7-U.S.C.-931A, find legal reference material, bibliographies and premiere content related to loans in the American Encyclopedia of Law, presenting a comprehensive view of the United States loans-specific issues, written by authorities in the field.

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