Financial responsibility in lieu of insurance may be evidenced by a
liability bond executed as the ``principal'' by the person who will be
transporting a migrant or seasonal agricultural worker, together with a
third party identified in the instrument as the ``surety'', to assure
payment of any liability up to $500,000 for damages to persons or
property arising out of such person's ownership of, operation of, or
causing to be operated any vehicle for the transportation of such worker
in connection with the person's business, activities, or operations. The
``surety'' shall be one which appears on the list contained in Treasury
Department Circular 570, or which has been approved by the Secretary
under the Employee Retirement Income Security Act of 1974 (Pub. L. 93-
406). Treasury Department Circular 570 may be obtained from the U.S.
Treasury Department,
Audit Staff, Bureau of Government Financial Operations, Washington, DC
20226.
