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—
the interests of the Secretary are adequately protected by product warranties; or
the costs or conditions associated with a bond exceed the benefit of the bond.
May 20, 1936, ch. 432Pub. L. 110–234, title VI, § 6109122 Stat. 1198Pub. L. 110–246, § 4(a)122 Stat. 1664(, title III, § 318, as added , , , and , title VI, § 6109, , , 1960.)
Editorial Notes
Codification
Pub. L. 110–234Pub. L. 110–246Pub. L. 110–234section 4(a) of Pub. L. 110–246 and enacted identical sections. was repealed by .
Statutory Notes and Related Subsidiaries
Effective Date
Pub. L. 110–234Pub. L. 110–246Pub. L. 110–234section 4 of Pub. L. 110–246section 8701 of this titleEnactment of this section and repeal of by effective , the date of enactment of , see , set out as a note under .