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" Whenever the total amount payable by the terms of the contract shall be more than $1,000,000 and not more than $5,000,000, the said payment bond shall be in a sum of 40 per centum of the total amount payable by the terms of the contract. "
Code of Federal Regulations: Containing a Codification of Documents of ... - Page 125
1999
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Federal Laws, Regulations, and Other Material Relating to ..., Volumes 53-1965

United States. Bureau of Public Roads - 1966 - 372 pages
...than $1,000,000 and not more than $5,000,000, the said payment bond shall be in a sum of 40 per centum of the total amount payable by the terms of the contract....total amount payable by the terms of the contract shall be more than $5,000,000 the said payment bond shall be in the sum of $2,500,000. (b) The contracting...
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Requiring Contractors on Public-building Projects to Name Their Sub ...

United States. Congress. Senate. Public buildings and grounds - 1937 - 72 pages
...$1,000,000 and not more than $5,000,000, the said payment bonds shall be in a sum of 40 per centum of the total amount payable by the terms of the contract....total amount payable by the terms of the contract shall be more than $5,000,000 the said payme'nt bond shall be in the sum of $2,500,000. (1) A performance...
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