{"identifier":"/us/usc/t15/s636i","title":15,"num":"\u00a7\u202f636i.","heading":"Small business bonding threshold","text":"\u00a7\u202f636i.\nSmall business bonding threshold\n(a)\nIn general\nExcept 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.\n(b)\nIncrease of amount\nUpon 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.\n(c)\nLimitation on use of other funds\nThe Administrator may carry out this section only with amounts appropriated in advance specifically to carry out this section.","url":"https://projectusc.org/usc/t15/s636i.html","content":[{"t":"sec","id":"/us/usc/t15/s636i","children":[{"t":"num","text":"\u00a7\u202f636i."},{"t":"heading","text":"Small business bonding threshold"},{"t":"subsec","id":"/us/usc/t15/s636i/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"In general"},{"t":"content","children":[{"t":"p","text":"Except 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.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t15/s636i/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Increase of amount"},{"t":"content","children":[{"t":"p","text":"Upon 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.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t15/s636i/c","children":[{"t":"num","text":"(c)"},{"t":"heading","text":"Limitation on use of other funds"},{"t":"content","children":[{"t":"p","text":"The Administrator may carry out this section only with amounts appropriated in advance specifically to carry out this section.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}