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SBA RIN: 3245-AF77 Publication ID: Fall 2008 
Title: ●Surety Bond Program  
Abstract: This proposed rule encompasses six changes to the Surety Bond Guarantee Program. It requires replacement or completion contractors who are called in by the Surety following default by the Principal to be independently bonded. It revises the dollar threshold for a bond requiring U.S. Small Business Administration (SBA) approval prior to execution. It provides SBA some discretion in determining whether bond liability should be denied as a result of the failure of a Surety to pay the required surety fee. It raises the dollar threshold for which fees are required to be submitted to SBA, or SBA is required to refund fees and extends the time period that Sureties are required to submit guarantee fees. Finally, it incorporates two administrative changes. The purpose of these amendments is to improve the effectiveness and efficiency of the Surety Bond Guarantee Program. 
Agency: Small Business Administration(SBA)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 13 CFR 115   
Legal Authority: 15 USC 687(b)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  02/00/2009    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
Public Comment URL: http://www.regulations.gov  
RIN Data Printed in the FR: No 
Agency Contact:
Frank Lalumiere
Director, Office of Surety Guarantees
Small Business Administration
409 Third Street SW.,
Washington, DC 20416
Phone:202 205-6540
Email: frank.lalumiere@sba.gov