If any successful bidder shall fail to pay in full for the bonds on the date and at the place specified in the invitation, the money deposited by or in behalf of such bidder shall be forfeited to the Treasury Department.
authority: Sec. 8, 50 Stat. 481, as amended; R.S. 3706; secs. 1, 4, 18, 5, 40 Stat. 288, as amended, 290, as amended, 1309, as amended, 290, as amended; secs. 19, 20, 48 Stat. 343, as amended;
31 U.S.C. 738a,
739,
752,
752a,
753,
754,
754a,
754b
source: 27 FR 12481, Dec. 18, 1962, unless otherwise noted.
cite as: 31 CFR 340.11