[Code of Federal Regulations]
[Title 7, Volume 11]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR1775.19]

[Page 997]
 
                          TITLE 7--AGRICULTURE
 
    CHAPTER XVII--RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE
 
PART 1775--TECHNICAL ASSISTANCE AND TRAINING GRANTS--Table of Contents
 
Sec. 1775.19  Fidelity bond.

    Prior to the advancing of funds, the grantee will provide fidelity 
bond coverage for the positions of persons entrusted with the receipt 
and disbursement of its funds and the custody of valuable property. The 
amount of the bond will be at least equal to the maximum amount of 
monies that the grantee will have on hand at any one time for technical 
assistance and/or training provided in accordance with the Grant 
Agreement. Unless prohibited by State Law, the United States, acting 
through the Agency, will be named as co-obligee in the bond. The bond 
must be obtained from a company listed in Department of Treasury 
Circular 570, as amended. Form RD 440-24, ``Position Fidelity Schedule 
Bond Declarations,'' may be used. A certified power-of-attorney with 
effective date will be attached to the bond.