[Code of Federal Regulations]

[Title 48, Volume 1]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR28.204-2]



[Page 562]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                CHAPTER 1--FEDERAL ACQUISITION REGULATION

 

PART 28_BONDS AND INSURANCE--Table of Contents

 

           Subpart 28.2_Sureties and Other Security for Bonds

 

Sec. 28.204-2  Certified or cashiers checks, bank drafts, money orders, or currency.



    Any person required to furnish a bond has an option to furnish a 

certified or cashier's check, bank draft, Post Office money order, or 

currency, in an amount equal to the penal sum of the bond, instead of 

furnishing surety or sureties on the bonds. Those furnishing checks, 

drafts, or money orders shall draw them to the order of the appropriate 

Federal agency.



[48 FR 42286, Sept. 19, 1983. Redesignated at 54 FR 48986, Nov. 28, 

1989]