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Content Last Revised: 12/27/63 |
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Code of Federal Regulations Pertaining to U.S. Department of Labor |
| Labor |
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| Pension and Welfare Benefits Administration, Department of Labor |
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| Temporary Bonding Rules |
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| Amount of the Bond |
The Labor-Management Services Administrator, after due notice and opportunity for hearing to all interested parties, and after consideration of the record, may prescribe an amount in excess of $500,000, which in no event shall exceed 10 per centum of the funds ``handled.'' Any requirement for bonding in excess of $500,000 shall be according to such other regulations as may be prescribed.