13 C.F.R. § 115.64   Timeliness requirement.


Title 13 - Business Credit and Assistance


Title 13: Business Credit and Assistance
PART 115—SURETY BOND GUARANTEE
Subpart C—Preferred Surety Bond (PSB) Guarantees

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§ 115.64   Timeliness requirement.

There must be no Execution or approval of a bond by a PSB Surety after commencement of work under a Contract unless the Surety obtains written approval from the AA/SG. To apply for such approval, the Surety must submit a completed “Surety Bond Guarantee Agreement Addendum” (SBA Form 991), together with the evidence and certifications described in §115.19(f)(1)(ii).

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