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48 CFR 28.106-2

28.106-2 Substitution of surety bonds.

United States · 48 CFR — Federal Acquisition Regulations System · Status: effective

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48 CFR 28.106-2, 28.106-2 Substitution of surety bonds, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/240674
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Full text

(a) A new surety bond covering all or part of the obligations on a bond previously approved may be substituted for the original bond if approved by the head of the contracting activity, or as otherwise specified in agency regulation. (b) When a new surety bond is approved, the contracting officer shall notify the principal and surety of the original bond of the effective date of the new bond.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.