---
kind: "section"
citation: "48 C.F.R. § 28.203-2"
title: "48"
number: "28.203-2"
heading: "Substitution of assets."
url: "https://uscodex.org/cfr/48/28.203-2"
---

# §28.203-2. Substitution of assets.


An individual surety may request the Government to accept a substitute asset for that currently pledged by submitting a written request, including a revised SF 28, to the responsible contracting officer. Following the requirements set forth in 28.203-1, the contracting officer may agree to the substitution of assets upon determining that the substitute assets to be pledged are adequate to protect the outstanding bond or guarantee obligations.


## Notes

### Amendments

[86 FR 3685, Jan. 14, 2021]

### Authority

Authority: 40 U.S.C. 121(c); 10 U.S.C. chapter 4 and 10 U.S.C. chapter 137 legacy provisions (see 10 U.S.C. 3016); and 51 U.S.C. 20113.

### Source

Source: 48 FR 42286, Sept. 19, 1983, unless otherwise noted.

### Amendments

[86 FR 3685, Jan. 14, 2021]