Type of bond. The type of bond re- quired to be submitted by an HHA under this subpart may be either— (1) An annual bond (that is, a bond that specifies an effective annual pe- riod corresponding to the HHA’s fiscal year); or (2) A continuous bond (that is, a bond that remains in full force and effect from term to term unless it is termi- nated or canceled as provided for in the bond or as otherwise provided by law) that is updated by the Surety, via the issuance of a rider, for a particular fis- cal year for which the bond amount has changed or will change.
Appears in 4 contracts
Samples: Provider Agreement, Provider Agreement, Provider Agreement
