Cash deposits, bonds
Compiled text through Sep 15, 2021
Register checked through Jul 29, 2026
No later Register activity identified in this check.
Dates and status
- Compiling agency
- Executive Department
- Text status
- Source receipt
- Compiled text through
- Sep 15, 2021
- Register checked through
- July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29)
- Activity status
- No later Register activity identified in this check.
- Source snapshot
- Jun 6, 2026
In any case where the commission may require a cash deposit or indemnity bond as security to protect property of the commission against loss or damage, or to limit the extent of duration of the use of such property, or to guarantee compensation to the commission for property rented or engaged, such cash deposit or indemnity bond shall be forfeited:
(a)in the case of loss of or damage to property of the commission, provided that no such forfeiture shall prevent the commission from recovering any damages over and above the amount of the deposit or bond resulting from loss or damage of property;
(b)in the case of a violation of any agreement or condition upon which the requirement of a cash deposit or indemnity bond is based.