25 U.S.C. § 47a — Security required by Secretary; contracts with Indian-owned economic enterprise; public work

submitted 42 years ago by Pub. L. 98-449 to r/title-25-INDIANS · 79 words · no verdicts yet

in plain englishAI-generated · not legal advice

When the Secretary signs a construction contract with an Indian-owned business, the Secretary can require a different kind of security than the usual bonds. This applies to public work projects done under a 1910 law. The alternative security must still fully protect the government's interests.

This section gives the Secretary discretion when entering into contracts with Indian-owned economic enterprises for building, altering, or repairing public works of the United States, under the Act of June 25, 1910 (25 U.S.C. § 47). Normally, such contracts require bonds under sections 3131 and 3133 of title 40. Instead, the Secretary may require a different kind of security. The condition is that this alternative security must give the United States adequate protection — both for making sure the work gets done ("performance") and for making sure payments are made.

the actual law source: uscode.house.gov ↗public domain

The Secretary, in his discretion, may require security other than bonds required by sections 3131 and 3133 of title 40 when entering into a contract with an Indian-owned economic enterprise pursuant to the provisions of the Act of June 25, 1910 (25 U.S.C. 47), for the construction, alteration, or repair of any public work of the United States: Provided, That, the alternative form of security provides the United States with adequate security for performance and payment.

Source credit: (Pub. L. 98–449, § 11, Oct. 4, 1984, 98 Stat. 1726.)

history & why it existsrecord from the source credit

1984Enacted · Pub. L. 98-449 · 98 Stat. 1726

A history note hasn’t been published yet. The record shows enactment by Pub. L. 98-449 on 1984-10-04.

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