Section 41.115  Fidelity Bond

CDB may require a grantee to obtain a fidelity bond in the amount of 125% of the grant amount.  In making the determination whether a bond shall be required, CDB shall consider one or more of, but will not be limited to, the following:

a)         The size of the grant;

b)         The nature of the project;

c)         Whether the grantee is a unit of government or a private entity; or

d)         The grantee's past experience in similar projects or financial matters.