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LegalText 15 U.S.C. § 636i Small business bonding threshold us united_states_code code_section 15 COMMERCE AND TRADE 14A AID TO SMALL BUSINESS 636i 15 U.S.C. § 636i current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc15@119-100.zip /us/usc/t15/s636i data/legal/raw/us/code/title-15/usc15.xml 758f349c77e0c09975a8ad9974aa7ad2d1e0dea2429c0dc16109b913e4c796f9 6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059 730592fe1c8a89e0cff5cbb21055ac48d767cbc2f5a21f8214ade17443ed5777 2026-07-04 official
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15 U.S.C. § 636i - Small business bonding threshold

Text

(a) In general Except as provided in subsection (b), and notwithstanding any other provision of law, for any procurement related to a major disaster, the Administrator may, upon such terms and conditions as the Administrator 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 $5,000,000.

(b) Increase of amount Upon request of the head of any Federal agency other than the Administration involved in reconstruction efforts in response to a major disaster, the Administrator may guarantee and enter into a commitment to guarantee any security against loss under subsection (a) on any total work order or contract amount at the time of bond execution that does not exceed $10,000,000.

(c) Limitation on use of other funds The Administrator may carry out this section only with amounts appropriated in advance specifically to carry out this section.

(Pub. L. 110234, title XII, § 12079, May 22, 2008, 122 Stat. 1416; Pub. L. 110246, § 4(a), title XII, § 12079, June 18, 2008, 122 Stat. 1664, 2178.)

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 L. 110234 was repealed by section 4(a) of Pub.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. Section was enacted as part of the Food, Conservation, and Energy Act of 2008, and also as part of the Small Business Disaster Response and Loan Improvements Act of 2008, and not as part of the Small Business Act which comprises this chapter.

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 Title 7, Agriculture.