# Acceptance of Bonds Secured By Government Obligations in Lieu of Bonds With Sureties
> **Fiscal Service** · Final rule. · Published 1999-01-29 · Effective 1999-03-01 · 64 FR 4762
## Document
- **Document number:** 99-2165
- **Category:** other
- **Sub-agency:** Fiscal Service
- **Federal Register citation:** 64 FR 4762
- **CFR reference:** 31 CFR 225
- **Publication date:** 1999-01-29
- **Effective date:** 1999-03-01
## Abstract

The Financial Management Service (Service) is issuing this final rule to revise 31 CFR Part 225, which governs the acceptance of bonds secured by Government obligations in lieu of bonds with sureties. This final rule specifically addresses the mechanics of pledging book- entry Government obligations, and clarifies existing requirements for accepting bonds secured with Government obligations. These revisions are intended to provide greater clarity and flexibility by replacing obsolete references and unnecessary requirements with current references and requirements. In addition, the rule expands the use to which the proceeds of pledged Government obligations may be applied in the event of a default in performance.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1999/01/29/99-2165/acceptance-of-bonds-secured-by-government-obligations-in-lieu-of-bonds-with-sureties)
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