1. Regulations
  2. title 48
  3. chapter 1
  4. part 28
  5. subpart 28.2
  6. § 28.204-2

View all text of Subpart 28.2 [28.200 - 28.204-4]

28.204-2 - 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]

AUTHORITY: 40 U.S.C. 121(c); 10 U.S.C. chapter 4 and 10 U.S.C. chapter 137 legacy provisions (see 10 U.S.C. 3016); and 51 U.S.C. 20113.

SOURCE: 48 FR 42286, Sept. 19, 1983, unless otherwise noted.

CITE AS: 48 CFR 28.204-2