13 C.F.R. § 115.68 Guarantee percentage.
Title 13 - Business Credit and Assistance
SBA reimburses a PSB Surety in an amount not to exceed 70% of the Loss incurred and paid. Where the Contract amount, after the Execution of the bond, increases beyond the statutory limit of $2,000,000, SBA's share of the Loss is limited to that percentage of the increased Contract amount which the statutory limit represents, multiplied by the guarantee percentage approved by SBA. For an example, see §115.31(d). [61 FR 3271, Jan. 31, 1996, as amended at 66 FR 30804, June 8, 2001]
Title 13: Business Credit and Assistance
PART 115—SURETY BOND GUARANTEE
Subpart C—Preferred Surety Bond (PSB) Guarantees
§ 115.68 Guarantee percentage.
