Content Last Revised: 12/27/63 ---DISCLAIMER---

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

• 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.