[Code of Federal Regulations]
[Title 7, Volume 2]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR46.5]

[Page 262]
 
                          TITLE 7--AGRICULTURE
 
                        DEPARTMENT OF AGRICULTURE
 
PART 46_REGULATIONS (OTHER THAN RULES OF PRACTICE) UNDER THE 
PERISHABLE AGRICULTURAL COMMODITIES ACT, 1930--Table of Contents
 
Sec. 46.5  Bonds.

    Bonds prescribed in section 4(c)(6), 4(e), 8(b), and 13(b) of the 
Act shall be in the form of cash or surety bonds in the form and amount 
satisfactory to the Director and shall not be less than $10,000. When 
cash is posted as surety, it shall be deposited into a special account 
of the United States Treasury and no interest is to accrue or be paid 
the licensee. When surety bonds are furnished, the surety shall be a 
company holding a certificate of authority from the Secretary of the 
Treasury under Act of Congress approved July 30, 1947 (6 U.S.C. 6 
through 13) as acceptable surety on Federal bonds.

[44 FR 50575, Aug. 29, 1979]