Fabio
00a184bb3c
Raw OLRC USLM XML zips @ release 119-100 (retrieved 2026-07-04 via Atlas depot), ingested with the standard pipeline: raw snapshot -> per-section OKF markdown -> manifest + checksums. Title 52 untouched. LegalText: 171 -> 11,221. Titles 12-54 await a clean OLRC retry. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
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2.0 KiB
Markdown
50 lines
2.0 KiB
Markdown
---
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type: "LegalText"
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title: "7 U.S.C. § 940h"
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description: "Bonding requirements"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 7
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title_name: "AGRICULTURE"
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chapter_number: "31"
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chapter_name: "RURAL ELECTRIFICATION AND TELEPHONE SERVICE"
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section: "940h"
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citation: "7 U.S.C. § 940h"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc07@119-100.zip"
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source_identifier: "/us/usc/t7/s940h"
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source_file: "data/legal/raw/us/code/title-07/usc07.xml"
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source_hash: "67ea16f26ffbd648dc76686102dd54e602a36ea38b57ceb1491a6dd4eb9dd280"
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raw_snapshot_hash: "50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984"
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text_hash: "dab627c696232db77f8a46e8bad11f016c48c5b4243dacbe2eb503031b5abbb9"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 7 U.S.C. § 940h - Bonding requirements
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## Text
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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—
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(1) the interests of the Secretary are adequately protected by product warranties; or
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(2) the costs or conditions associated with a bond exceed the benefit of the bond.
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(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.)
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## Notes
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Editorial Notes
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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.
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Statutory Notes and Related Subsidiaries
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Effective DateEnactment 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.
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