AWI e-briefs - 07/02/2009 (Plain Text Version)

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Treasury Department Updates List of Approved Sureties for Federal Projects

The U. S. Department of the Treasury announced the removal of Lincoln General Insurance Company from its list of surety companies acceptable on federal bonds.

The removal became effective on June 30, 2009. The notice in the Federal Register on June 17, 2009 provides guidance to bond-approving officers to "secure new bonds with acceptable sureties in those instances where a significant amount of liability remains outstanding," according to the American Subcontractors Association (ASA).

Click here to see Treasury Department Circular 570 for a complete list of the department’s approved sureties.  [Return to top]