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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 09:52:37 -04:00

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LegalText 7 U.S.C. § 940h Bonding requirements us united_states_code code_section 7 AGRICULTURE 31 RURAL ELECTRIFICATION AND TELEPHONE SERVICE 940h 7 U.S.C. § 940h current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc07@119-100.zip /us/usc/t7/s940h data/legal/raw/us/code/title-07/usc07.xml 67ea16f26ffbd648dc76686102dd54e602a36ea38b57ceb1491a6dd4eb9dd280 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 dab627c696232db77f8a46e8bad11f016c48c5b4243dacbe2eb503031b5abbb9 2026-07-04 official
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7 U.S.C. § 940h - Bonding requirements

Text

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. 110234, title VI, § 6109, May 22, 2008, 122 Stat. 1198, and Pub. L. 110246, § 4(a), title VI, § 6109, June 18, 2008, 122 Stat. 1664, 1960.)

Notes

Editorial Notes

Codification Pub. L. 110234 and Pub. L. 110246 enacted identical sections. Pub. L. 110234 was repealed by section 4(a) of Pub. L. 110246.

Statutory Notes and Related Subsidiaries

Effective DateEnactment of this section and repeal of Pub. L. 110234 by Pub. L. 110246 effective May 22, 2008, the date of enactment of Pub. L. 110234, see section 4 of Pub. L. 110246, set out as a note under section 8701 of this title.