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Content Last Revised: 12/27/63
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CFR  

Code of Federal Regulations Pertaining to U.S. Department of Labor

Title 29  

Labor

 

Chapter XXV  

Pension and Welfare Benefits Administration, Department of Labor

 

 

Part 2580  

Temporary Bonding Rules

 

 

 

Subpart C  

Amount of the Bond

29 CFR 2580.412-17 - Bonds over $500,000.

  • Section Number: 2580.412-17
  • Section Name: Bonds over $500,000. 
    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.
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