An agreement under which a person or corporation (such as an insurance company) becomes surety to pay, within stated limits, for financial loss caused to a second person or legal entity by the act or default of a third person
Federal Law
A bond is a formal guarantee for payment of monies due to TTB, including taxes imposed by 26 U 27 CFR 19.1 A form of debt security in which the authorized issuer (Borrower) owes the Bond holder (Lender) a debt and is obligated to repay the principal and Interest (coupon) at a later date(s) (maturity) 25 CFR 227.12 An instrument used by CBP as security to ensure the payment of duties, taxes and fees and/or compliance with certain requirements such as the submission of manifest information 41 CFR 101-26.101 means a written instrument executed by a bidder or contractor (the “principal”), and a second party (“the surety” or “sureties”) (except as provided in 28 34 CFR 222.8 means security for the performance of certain obligations or a guaranty of such performance as furnished by a third-party surety 25 CFR 115.002
State Law
Alabama
Any bond authorized to be issued pursuant to the provisions of this article Alabama Code 12-17-112, Alabama Code 12-17-185 Any bond authorized to be issued pursuant to the provisions of this article, including a refunding bond as hereinafter authorized Alabama Code 41-10-51 Any bond authorized to be issued pursuant to the provisions of this article, including refunding bonds Alabama Code 41-10-81 Any bond authorized to be issued pursuant to the provisions of this chapter Alabama Code 34-24-230 Any bond authorized to be issued pursuant to this chapter Alabama Code 23-1-386
Arizona
means a bond secured solely by bridge construction revenues or a bond secured solely by highway improvement revenues as authorized and issued pursuant to this article Arizona Laws 28-7651 means any bond issued pursuant to this article Arizona Laws 48-141 means any bond issued pursuant to this article, including any tax secured bond Arizona Laws 9-521 means any bond, note, warrant, lease, lease purchase agreement or other interest bearing obligation issued pursuant to any provision of law by this state or any political subdivision Arizona Laws 35-511 means any obligation authorized and issued pursuant to this article, including:

(a) Bonds and notes Arizona Laws 5-1161

means any obligation authorized and issued pursuant to this chapter, including bonds, lease-purchase and installment purchase agreements, certificates of participation in a lease-purchase or installment purchase agreement and obligations that are authorized and issued to refund or refinance obligations that are authorized and issued pursuant to this chapter Arizona Laws 48-4201 means any obligation that is subject to the provisions of section 146 of the code, excluding obligations that received a carry-forward allocation in a prior year Arizona Laws 35-901 means a bond authorized and issued under this article Arizona Laws 35-468
California
includes warrant or other evidence of indebtedness California Government Code 53430, California Government Code 53460 means a bond, authorized by Section 53170, that is tax exempt under both state and federal law, or a bond that is tax exempt under state law and taxable under federal law California Probate Code 3705 means a bond, authorized by Sections 8878 California Government Code 14106 means a bond, warrant, note, lease, or installment sale obligation that is evidenced by a certificate of participation or other evidence of indebtedness issued by the authority California Health and Safety Code 6441 means a general obligation bond California Water Code 36551 means a state general obligation bond issued pursuant to an act adopting the provisions of this chapter California Government Code 16722 means a state general obligation bond issued pursuant to this article adopting the provisions of the State General Obligation Bond Law California Government Code 19050.4 means any bond and the interest coupons attached thereto issued by any public body California Insurance Code 1035.5 means any bonded indebtedness regardless of state law or charter that requires voter approval, including, but not limited to, general obligation bonds, revenue bonds, and bonds issued pursuant to the Mello-Roos Community Facilities Act (Chapter 2 California Government Code 53412 means bonds, notes, debentures, securities, or other evidences of indebtedness of the authority issued pursuant to this chapter California Education Code 94110 means revenue bond or other evidences of indebtedness but not attached coupons California Government Code 50661 means veterans bond, a state general obligation bond issued pursuant to this article adopting the provisions of the State General Obligation Bond Law California Public Utilities Code 105075, California Public Utilities Code 105101, California Public Utilities Code 105143, California Public Utilities Code 105172, California Public Utilities Code 105208, California Public Utilities Code 105233, California Public Utilities Code 106023
Delaware
means any revenue or general obligation bonds or bond, notes or note, or other similar instruments or instrument issued by New Castle County pursuant to and in accordance with this chapter Delaware Code Title 10 Sec. 4979 means any revenue or general obligation bonds or bond, notes or note, or other similar instruments or instrument issued by the County pursuant to and in accordance with this chapter Delaware Code Title 10 Sec. 9574
Florida
include any and all forms of pretrial release Florida Statutes 1002.411 includes “certificate” and the provisions which are applicable to bonds are equally applicable to certificates Florida Statutes 287.012 includes bonds, debentures, notes, certificates of indebtedness, mortgage certificates, or other obligations or evidences of indebtedness of any type or character Florida Statutes 166.101 means any bond which requires an allocation pursuant to… Florida Statutes 159.803 means any bond, debenture, note, or other evidence of financial indebtedness issued by the corporation under and pursuant to this act Florida Statutes 420.503
Hawaii
means any bond, note, or other evidence of indebtedness or lease with separately stated principal and interest components or certificates of participation therein Hawaii Revised Statutes 174C-3
Indiana
as used in this chapter shall mean and include any bond issued by and which is an obligation of the county in its civil capacity; and any so-called county unit road bond which has been issued by the board of commissioners and is an obligation of the taxing district which is coterminous with the county; and any so-called gravel road bond which has been issued by the board of commissioners and is an obligation of the taxing district which is coterminous with any civil township Indiana Code 5-1-7-7 means any revenue bond, general obligation bond, or advance refunding bond Indiana Code 5-1-5-1 means any:

Indiana Code 4-4-11.5-1

Iowa
means a bond issued by a surety company or an irrevocable letter of credit issued by a financial institution Iowa Code 203C.1 means a bond issued by a surety company or an irrevocable letter of credit issued by a financial institution described in subsection 7 Iowa Code 203.1 means a bond issued by the authority pursuant to this chapter and includes a note or other instrument evidencing a debt authorized or referred to in this chapter Iowa Code 16.1
Kansas
means a certificated or an uncertificated bond, no-fund warrant, temporary note or other agreement to repay borrowed money and any interest thereon whether in the form of a contract, lease, installment purchase agreement or otherwise, including a share, participation or other interest in any such agreement Kansas Statutes 10-621
Louisiana
includes “certificate” and the provisions which are applicable to bonds are equally applicable to certificates Louisiana Revised Statutes 33:130.591.6, Louisiana Revised Statutes 33:2740.73 means all general obligation bonds or other instruments evidencing indebtedness of the state of Louisiana or any of its boards, departments, commissions, authorities and agencies issued pursuant to Article VII, Section 6 of the constitution of Louisiana Louisiana Revised Statutes 39:1362 means the bonds, notes, renewal notes, refunding bonds, interim certificates, certificates of indebtedness, certificates of participation, debentures, warrants, commercial paper, capital leases, revenue bonds, or other obligations or evidences of indebtedness authorized to be issued by a district Louisiana Revised Statutes 33:130.763 means the bonds, notes, renewal notes, refunding bonds, interim certificates, certificates of indebtedness, certificates of participation, debentures, warrants, commercial paper, capital leases, revenue bonds, or other obligations or evidences of indebtedness authorized to be issued by the district Louisiana Revised Statutes 33:130.738
Maine
means a bond or note or other evidence of indebtedness authorized under this article, whether issued under or pursuant to a bond resolution, trust indenture, loan or other security agreement Maine Revised Statutes Title 5 Sec. 13080-A, Maine Revised Statutes Title 5 Sec. 13083-H means a revenue obligation security, bond, note, debenture, certificate or other evidence of indebtedness of the State or any political subdivision of the State Maine Revised Statutes Title 20-A Sec. 2301 means revenue obligation security Maine Revised Statutes Title 22 Sec. 2173, Maine Revised Statutes Title 38 Sec. 2211
Michigan
means a bond, note, financial instrument, or other evidence of indebtedness or obligation issued by the authority under this act Michigan Laws 324.74203 means a bond, note, or other obligation issued by the authority under this act Michigan Laws 333.5717, Michigan Laws 700.6303 means a performance bond from a surety company authorized to transact business in this state, a certificate of deposit, a cash bond, or an irrevocable letter of credit, in favor of the department Michigan Laws 324.71605
Montana
means any bond, note, debenture, interim certificate, or other evidence of financial indebtedness issued by the board pursuant to this part Montana Code 17-5-1503 means any bonds, notes, debentures, interim certificates, or other evidences of financial indebtedness issued by the board pursuant to this part, including those on which interest payments are taxable and those on which interest payments are tax exempt Montana Code 90-6-103 means :

(a) a bond executed by a compressed natural gas dealer or a liquefied petroleum gas dealer as principal with a corporate surety qualified under the laws of Montana, payable to the state of Montana, conditioned upon performance of all requirements of this part, including the payment of all taxes, penalties, and other obligations of the compressed natural gas dealer or the liquefied petroleum gas dealer arising out of this part; or

(b) a deposit with the department by the compressed natural gas dealer or the liquefied petroleum gas dealer, under terms and conditions that the department may prescribe, of certificates of deposit or irrevocable letters of credit issued by a bank and insured by the federal deposit insurance corporation Montana Code 15-70-701

New Hampshire
shall mean an evidence of indebtedness issued by the governmental unit or a business and industrial development authority under this chapter to finance a project in whole or in part or to refund indebtedness incurred for that purpose and which, in the case of business and industrial development authority bonds, is payable solely from revenues, other than taxes or payments in lieu thereof, derived from such project or facility New Hampshire Revised Statutes 162-G:3
New York
means (a) a bond, note or other obligation of any kind or nature, whether secured or unsecured, which is part of an issue held by more than one person, or (b) a certificate or other instrument which is part of an issue held by more than one person evidencing any interest in any bond, note or other obligation of any kind or nature, whether secured or unsecured N.Y. Vehicle & Traffic Law 2105
Ohio
includes an undertaking Ohio Code 1.02
Oregon
means an evidence of indebtedness including, but not limited to, a bond, a note, an obligation, a loan agreement, a financing lease, a financing agreement or other similar instrument or agreement N.Y. Military Law 130.84 – Contempt Towards Officials
Rhode Island
means :

(i) A bond duly executed by a motor carrier as principal with a corporate surety qualified under the provisions of the laws of this state, which bond shall be payable to this state, conditioned upon the basic performance of all requirements of this chapter, including the payment of all taxes, penalties and other obligations of the motor carrier arising out of this tax; or

(ii) A deposit with the state treasury by the motor carrier under any terms and conditions that the administrator may prescribe, in like amount of lawful money of the United States or bonds, or other obligations of the United States, this state, or any county of this state, of an actual market value not less than the amount so fixed by the administrator Rhode Island General Laws 31-36.1-2.

South Dakota
any obligation for the payment of a specified sum of money at a specified future date, for the repayment of money borrowed by a public body, issued by a public body pursuant to authority granted in any law, including but not limited to revenue bonds, assessment bonds, and general obligation bonds South Dakota Codified Laws 6-8B-1 any general obligation bond, assessment bond, refunding bond, revenue bond, and other obligation in the nature of a bond as is provided for in this chapter, as the case may be South Dakota Codified Laws 7-25A-1
Tennessee
means a surety bond with power of attorney attached, and a Tennessee resident agent means all obligations issued by any person, firm, joint-stock company, business trust or corporation organized and doing business under the laws of this state, or any other state, evidenced by an instrument whereby the obligor is bound to pay interest to the obligee regardless of whether the obligor is doing business in this state, or whether the obligation under the terms of which the interest accrues is a mortgage or lien on property located in this state or beyond the jurisdiction of the state Tennessee Code 67-2-101 means any bond authorized and issued pursuant to this chapter means any cash or other security deposited to secure an appearance for trial, following a citation by an arresting officer for violation of a traffic law, ordinance, rules or regulation means irrevocable bond executed by a corporate surety company licensed to do business as a corporate surety company in this state, with penalties of like amounts as those pertaining to an insurance policy or the amount of damages suffered, whichever is less, the bond to guarantee the payment of any final judgment which might thereafter be rendered against the bonded party resulting from the accident up to and including the total amount of the bond, except the bond may specify a limited payment to those persons who have at the time of its execution filed claims with the commissioner, and shall contain a clause therein that it shall remain in force for one (1) year from the date of the accident or until final determination of any court action brought as a result of the accident, whichever may be the longer period of time Tennessee Code 55-12-102
Utah
includes a bond, note, or other instrument issued under this chapter evidencing an indebtedness of a local building authority Utah Code 17D-2-102 means any obligation for which an allocation of volume cap is required by the code Utah Code 35A-8-2102 means any revenue bond, general obligation bond, tax increment bond, special improvement bond, local building authority bond, or refunding bond Utah Code 10-3-1308 means :

(a)  a written obligation to repay borrowed money, whether denominated a bond, note, warrant, certificate of indebtedness, or otherwise; and

(b)  a lease agreement, installment purchase agreement, or other agreement that:

(i)  includes an obligation by the district to pay money; and

(ii)  the district’s board of trustees, in its discretion, treats as a bond for purposes of Title 11, Chapter 14, Local Government Bonding Act, or Title 11, Chapter 27, Utah Refunding Bond Act Utah Code 17B-1-102
Vermont
means a note, bond, debenture, or any other evidence of indebtedness issued by a municipality or by the State of Vermont under subchapter 4 of this chapter to finance a project in whole or in part or to refund indebtedness incurred for that purpose means any bond or note issued by the municipal corporation and payable out of the net revenues from the operation of a public utility project
Virginia
includes any form of financial instrument that provides security equivalent to that provided by a bond, such as an irrevocable letter of credit, if its use in lieu of a bond is authorized pursuant to regulations adopted by the Commission Virginia Code 3.2-6511 includes any interest bearing obligation, including promissory notes Virginia Code 28.2-560 includes any interest-bearing obligation, including promissory notes Virginia Code 28.2-539 means a bond executed by a surety company licensed to do business in the Commonwealth Virginia Code 3.2-1822 means any bond, note, or other evidence of indebtedness or obligation of an institution issued by an institution pursuant to this chapter Virginia Code 58.1-394.3 means any bond, note, or other evidences of indebtedness or obligation of the Authority pursuant to this article Virginia Code 23.1-1200 means the posting by a person or his surety of a written promise to pay a specific sum, secured or unsecured, ordered by an appropriate judicial officer as a condition of bail to assure performance of the terms and conditions contained in the recognizance Virginia Code 46.2-1573.16
West Virginia
means a revenue bond issued by the authority to effect the purposes of this article West Virginia Code 16-29A-3 means a revenue bond, or note or other evidence of indebtedness, including, but not limited to, a taxable bond and commercial paper, issued by the West Virginia economic development authority or by the authority to effect the intents and purposes of this article West Virginia Code 5D-1-3 means a written instrument guaranteeing that the person bonded shall faithfully fulfill the terms of the contract of purchase and guarantee payment of the purchase price of all livestock purchased by him/her, and made payable to the commissioner for the benefit of persons sustaining loss resulting from the nonpayment of the purchase price or the failure to fulfill the terms of the contract of purchase West Virginia Code 19-10B-2 means any veterans’ mortgage bond, a state general obligation bond issued pursuant to this article West Virginia Code 31-18C-3
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