FEDERAL · 40 U.S.C. · Chapter SUBCHAPTER III—BONDS
Alternatives to payment bonds provided by Federal Acquisition Regulation
40 U.S.C. § 3132
Title40 — Public Buildings, Property, and Works
ChapterSUBCHAPTER III—BONDS
This text of 40 U.S.C. § 3132 (Alternatives to payment bonds provided by Federal Acquisition Regulation) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
40 U.S.C. § 3132.
Text
(a)In General.—The Federal Acquisition Regulation shall provide alternatives to payment bonds as payment protections for suppliers of labor and materials under contracts referred to in section 3131(a) of this title that are more than $25,000 and not more than $100,000.
(b)Responsibilities of Contracting Officer.—The contracting officer for a contract shall—
(1)select, from among the payment protections provided for in the Federal Acquisition Regulation pursuant to subsection (a), one or more payment protections which the offeror awarded the contract is to submit to the Federal Government for the protection of suppliers of labor and materials for the contract; and
(2)specify in the solicitation of offers for the contract the payment protections selected.
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Related
§ 3131
40 U.S.C. § 3131
Source Credit
History
(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1148.)
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Bluebook (online)
40 U.S.C. § 3132, Counsel Stack Legal Research, https://law.counselstack.com/usc/40/3132.