Pennsylvania Code & Bulletin

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The Pennsylvania Code website reflects the Pennsylvania Code changes effective through 53 Pa.B. 8238 (December 30, 2023).

12 Pa. Code § 133.32. Agency bond.

§ 133.32. Agency bond.

 (a)  An agency shall provide in the budget a sum of money to adequately protect the financial interests of the Commonwealth with a fidelity bond. The fidelity bond shall be for 1/3 of the total amount of grant entitlement or $25,000, whichever is greater. The bond shall be in favor of the Commonwealth and a copy shall be submitted to the Department.

 (b)  The period of coverage shall be for 1 year and shall be renewable for each succeeding fiscal year until the end of the programs.

 (c)  Whenever a fidelity insurance premium is paid with a State grant and the policy is cancelled, the rebate of the prepaid premium shall be returned to the Department.

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