Tennessee § 4-3-1206 Performance bond - Requirements - Exceptions

Tennessee Statutes

§ 4-3-1206 — Performance bond - Requirements - Exceptions

Tennessee § 4-3-1206

Title4

This text of Tennessee § 4-3-1206 (Performance bond - Requirements - Exceptions) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 4-3-1206 (2026).

Text

(a)To the extent authorized by federal law, the department shall require a sponsoring organization applying to participate in any food program administered through the department to obtain and maintain a performance bond from a company designated in the United States Treasury Circular 570 as certified to issue bonds for the child and adult care food program and the summer food service program in an amount specified by the department.

(b)The bond amount shall be reviewed and adjusted to reflect actual enrollment or reimbursement as needed.

(c)A sponsoring organization may request relief from the bonding requirement once it can demonstrate that it has accumulated three (3) consecutive years of successful administrative and financial history by submitting a written request to the departmen

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(a) To the extent authorized by federal law, the department shall require a sponsoring organization applying to participate in any food program administered through the department to obtain and maintain a performance bond from a company designated in the United States Treasury Circular 570 as certified to issue bonds for the child and adult care food program and the summer food service program in an amount specified by the department. (b) The bond amount shall be reviewed and adjusted to reflect actual enrollment or reimbursement as needed. (c) A sponsoring organization may request relief from the bonding requirement once it can demonstrate that it has accumulated three (3) consecutive years of successful administrative and financial history by submitting a written request to the department.