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e-CFR data is current as of February 25, 2021 |
Title 45 → Subtitle B → Chapter XVI → Part 1629 → §1629.1 |
Title 45: Public Welfare
PART 1629—BONDING REQUIREMENTS FOR RECIPIENTS
§1629.1 Purpose.
This part is intended to protect LSC funds by requiring that recipients be bonded or have similar insurance coverage to indemnify recipients against losses resulting from fraudulent or dishonest acts committed by one or more employees, officers, directors, agents, volunteers, and third-party contractors who handle LSC funds.