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e-CFR data is current as of February 25, 2021

Title 48Chapter 1Subchapter EPart 28Subpart 28.2 → §28.203-2


Title 48: Federal Acquisition Regulations System
PART 28—BONDS AND INSURANCE
Subpart 28.2—Sureties and Other Security for Bonds


28.203-2   Substitution of assets.

An individual surety may request the Government to accept a substitute asset for that currently pledged by submitting a written request, including a revised SF 28, to the responsible contracting officer. Following the requirements set forth in 28.203-1, the contracting officer may agree to the substitution of assets upon determining that the substitute assets to be pledged are adequate to protect the outstanding bond or guarantee obligations.

[86 FR 3685, Jan. 14, 2021]

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