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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 29 - Labor |
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Subtitle B - Regulations Relating to Labor |
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Chapter XXV - Employee Benefits Security Administration, Department of Labor |
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SubChapter I - Temporary Bonding Rules Under the Employee Retirement Income Security Act of 1974 |
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Part 2580 - Temporary Bonding Rules |
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Subpart C - Amount of the Bond |
§ 2580.412-17 - Bonds over $500,000.
Latest version.
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§ 2580.412-17 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.