2014 US Code
Title 14 - Coast Guard (Sections 1 - 894)
Part I - Regular Coast Guard (Sections 1 - 693)
Chapter 17 - Administration (Sections 631 - 680)
Sec. 667 - Vessel construction bonding requirements
| Publication Title | United States Code, 2012 Edition, Supplement 2, Title 14 - COAST GUARD |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 14 - COAST GUARD PART I - REGULAR COAST GUARD CHAPTER 17 - ADMINISTRATION Sec. 667 - Vessel construction bonding requirements |
| Contains | section 667 |
| Date | 2014 |
| Laws In Effect As Of Date | January 5, 2015 |
| Positive Law | Yes |
| Disposition | standard |
| Source Credit | Added Pub. L. 101-595, title III, §306(a), Nov. 16, 1990, 104 Stat. 2985. |
| Statutes at Large Reference | 104 Stat. 2985 |
| Public and Private Law | Public Law 101-595 |
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The Secretary or the Commandant may require bid, payment, performance, payment and performance, or completion bonds or other financial instruments from contractors for construction, alteration, repair, or maintenance of Coast Guard vessels if—
(1) the bond is required by law; or
(2) the Secretary or Commandant determines after investigation that the amount of the bond in excess of 20 percent of the value of the base contract quantity excluding options, would not prevent a responsible bidder or offeror from competing for award of the contract.
(Added Pub. L. 101–595, title III, §306(a), Nov. 16, 1990, 104 Stat. 2985.)
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