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US Code · Through Public Law 119-103 (09/02/2026) · Newer source version available

15 U.S.C. § 636i: Small business bonding threshold

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Where this section sits in the code
  1. Title 15—COMMERCE AND TRADE
  2. CHAPTER 14A—AID TO SMALL BUSINESS

(a) In generalExcept as provided in subsection (b), and notwithstanding any other provision of law, for any procurement related to a major disaster, the Administrator may, upon such terms and conditions as the Administrator may prescribe, guarantee and enter into commitments to guarantee any surety against loss resulting from a breach of the terms of a bid bond, payment bond, performance bond, or bonds ancillary thereto, by a principal on any total work order or contract amount at the time of bond execution that does not exceed $5,000,000. (b) Increase of amountUpon request of the head of any Federal agency other than the Administration involved in reconstruction efforts in response to a major disaster, the Administrator may guarantee and enter into a commitment to guarantee any security against loss under subsection (a) on any total work order or contract amount at the time of bond execution that does not exceed $10,000,000. (c) Limitation on use of other fundsThe Administrator may carry out this section only with amounts appropriated in advance specifically to carry out this section.

Collected 2026-09-10T05:56:39Z. Source file · JSON

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