Source: https://www.law.cornell.edu/uscode/text/31/9303
Timestamp: 2016-08-31 01:06:10
Document Index: 290665704

Matched Legal Cases: ['§ 9303', '§\u202f3', '§\u202f4', '§\u202f901', '§\u202f901', '§\u202f901', '§\u202f901', '§\u202f901', '§\u202f3', '§\u202f3', '§\u202f3']

31 U.S. Code § 9303 - Use of eligible obligations instead of surety bonds | US Law | LII / Legal Information Institute
may return to the contractor the eligible obligation given as security (or proceeds of the eligible obligation given) under sections 3131 and 3133 of title 40only after the 90-day period for bringing a civil action under section 3133(b) of title 40; and
(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 1046; Pub. L. 107–217, § 3(h)(9), Aug. 21, 2002, 116 Stat. 1300; Pub. L. 108–178, § 4(f)(2), Dec. 15, 2003, 117 Stat. 2641; Pub. L. 109–351, title IX, § 901(b), (c), Oct. 13, 2006, 120 Stat. 2007.)
In subsection (a), before clause (1), the words “If a person is required under a law of the United States to give a surety bond, the person may give a Government obligation as security instead of a surety bond” are substituted for “Wherever by the laws of the United States or regulations made pursuant thereto, any person is required to furnish any recognizance, stipulation, bond, guaranty, or undertaking, hereinafter called ‘penal bond’, with surety or sureties, such person may, in lieu of such surety or sureties, deposit as security . . . United States Liberty bonds or other bonds or notes of the United States” to eliminate unnecessary words and for consistency. The words “The obligation shall be” are added because of the restatement. Clause (3) is substituted for “together with an agreement authorizing such official to collect or sell such bonds or notes so deposited in case of any default in the performance of any of the conditions or stipulations of such penal bond” to eliminate unnecessary words.
2006—Pub. L. 109–351, § 901(c)(1), substituted “eligible obligations” for “Government obligations” in section catchline.
Subsec. (a). Pub. L. 109–351, § 901(b), (c)(3), substituted “an eligible obligation” for “a Government obligation” in introductory provisions and amended par. (2) generally. Prior to amendment, par. (2) read as follows: “be in an amount equal at par value to the amount of the required surety bond; and”.
Subsecs. (b) to (e). Pub. L. 109–351, § 901(c)(3), (4), substituted “an eligible obligation” for “a Government obligation” and “the eligible obligation” for “the Government obligation” wherever appearing.
Subsec. (f). Pub. L. 109–351, § 901(c)(2), (3), substituted “eligible obligations” for “Government obligations” and “an eligible obligation” for “a Government obligation”.
2002—Subsec. (d). Pub. L. 107–217, § 3(h)(9)(A), in introductory provisions substituted “sections 3131 and 3133 of title 40” for “the Act of August 24, 1935 (known as the Miller Act) (40 U.S.C. 270a–270d)” and “section 3133(a) of title 40” for “section 3 of the Act (40 U.S.C. 270c)”.
Subsec. (d)(1). Pub. L. 107–217, § 3(h)(9)(B), substituted “sections 3131 and 3133 of title 40” for “the Act of August 24, 1935 (known as the Miller Act) (40 U.S.C. 270a–270d)” and “section 3133(b) of title 40” for “section 2 of the Act (40 U.S.C. 270b)”.
Subsec. (e)(2)(A). Pub. L. 107–217, § 3(h)(9)(C), substituted “sections 3131 and 3133 of title 40” for “the Act of August 24, 1935 (known as the Miller Act) (40 U.S.C. 270a–270d)”.