7 Agriculture 15 2006-01-01 2006-01-01 false Fidelity bonds. 3015.17 Section 3015.17 Agriculture Regulations of the Department of Agriculture (Continued) OFFICE OFTHE CHIEF FINANCIAL OFFICER,DEPARTMENT OF AGRICULTURE UNIFORM FEDERAL ASSISTANCE REGULATIONS Bonding and Insurance
ยง 3015.17 Fidelity bonds.

(a) If the recipient is not a unit of government, the awarding agency may require the recipient to carry adequate fidelity bond coverage where the absence of coverage for the grant-supported activity is considered as created an unacceptable risk.

(b) If the subrecipient is not a unit of government, the awarding agency or the recipient may require that the subrecipient carry adequate fidelity bond coverage where the absence of coverage for the subgrant-supported activity is considered as creating an unacceptable risk.