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§ 1716. Liabilities and bonding

Type Statute
Publication 2024-12-20
State In force
Department United States Congress
Source OLRC
Reform history JSON API
§ 1716. Liabilities and bonding

(1) liable to the United States for any losses caused by any intentional or reckless action or inaction of such individual with respect to such moneys; and

(2) in the case of an independent contractor, required as the Secretary deems necessary to maintain a bond commensurate with the amount of money for which such individual could be liable to the United States.

(Pub. L. 97–451, title I, § 106, Jan. 12, 1983, 96 Stat. 2452.)

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