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<br />000218 <br /> <br />\ .; <br /> <br />2 <br /> <br />3. Where the Federal Government guarantees the payment of <br />money borrowed by the grantee, the Federal grantor agency <br />may, at its discretion. require adequate bonding and insurance <br />if the bonding and insurance requirements of a State or <br />local government are not deemed to be sufficient to protect <br />adequately the interest of the Federal Government. <br /> <br />~ <br /> <br />~ <br />