[Code of Federal Regulations]
[Title 29, Volume 9]
[Revised as of July 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 29CFR2580.412-13]

[Page 601]
 
                             TITLE 29--LABOR
 
 CHAPTER XXV--EMPLOYEE BENEFITS SECURITY ADMINISTRATION, DEPARTMENT OF 
                                  LABOR
 
PART 2580_TEMPORARY BONDING RULES--Table of Contents
 
                      Subpart C_Amount of the Bond
 
Sec. 2580.412-13  The meaning of ``funds'' in determining the amount 
of the bond.

    The amount of the bond depends on the amount of ``funds'' 
``handled'', and shall be sufficient to provide bonding protection 
against risk of loss through fraud or dishonesty for all plan funds, 
including other property similar to funds or in the nature of funds. As 
such, the term ``funds'' shall be deemed to include and be equivalent to 
``funds and other property'' of the plan as described in Sec. 2580.412-
4. With respect to any item of ``funds or other property'' which does 
not have a cash or readily ascertainable market value, the value of such 
property may be estimated on such basis as will reasonably reflect the 
loss the plan might suffer if it were mishandled.