Code of Federal Regulations · Section
§ 28.204-2 — 28.204-2 Certified Or Cashiers Checks, Bank Drafts, Money Orders, Or Currency
48 C.F.R. § 28.204-2
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Any person required to furnish a bond has an option to furnish a certified or cashier's check, bank draft, Post Office money order, or currency, in an amount equal to the penal sum of the bond, instead of furnishing surety or sureties on the bonds. Those furnishing checks, drafts, or money orders shall draw them to the order of the appropriate Federal agency.
Authorizing Statute
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Chapter 137 legacy provisions10 U.S.C. § 3016
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Administrative40 U.S.C. § 121
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Powers of the Administration in performance of functions51 U.S.C. § 20113