Legal Services Corporation May 3, 2017 – Federal Register Recent Federal Regulation Documents

Bonding Requirements for Recipients
Document Number: 2017-08857
Type: Proposed Rule
Date: 2017-05-03
Agency: Legal Services Corporation, Agencies and Commissions
This proposed rule would revise the Legal Services Corporation's (LSC or Corporation) regulation about bonding requirements for LSC recipients. It would require recipients to bond all their employees and to ensure that third parties who handle recipients' funds have bond coverage, allow recipients to use other forms of insurance similar to fidelity bonds, raise the minimum level of coverage, and allow recipients to use LSC funds to pay for bonding costs. This proposed rule will update part 1629 to reflect current insurance practices and simplify the language in the rule to reduce confusion.