[Code of Federal Regulations]

[Title 7, Volume 15]

[Revised as of January 1, 2006]

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

[CITE: 7CFR3015.17]



[Page 108]

 

                          TITLE 7--AGRICULTURE

 

                         CHAPTER XXX--OFFICE OF

                      THE CHIEF FINANCIAL OFFICER,

                        DEPARTMENT OF AGRICULTURE

 

PART 3015_UNIFORM FEDERAL ASSISTANCE REGULATIONS--Table of Contents

 

                     Subpart C_Bonding and Insurance

 

Sec. 3015.17  Fidelity bonds.



    (a) If the recipient is not a unit of government, the awarding 

agency may require the recipient to carry adequate fidelity bond 

coverage where the absence of coverage for the grant-supported activity 

is considered as created an unacceptable risk.

    (b) If the subrecipient is not a unit of government, the awarding 

agency or the recipient may require that the subrecipient carry adequate 

fidelity bond coverage where the absence of coverage for the subgrant-

supported activity is considered as creating an unacceptable risk.