Statutes, codes, and regulations
Code of Federal Regulations
Title 43 - PUBLIC LANDS: INTERIORSubtitle B - REGULATIONS RELATING TO PUBLIC LANDSChapter II - BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIORSubchapter C - MINERALS MANAGEMENT (3000)Part 3500 - LEASING OF SOLID MINERALS OTHER THAN COAL AND OIL SHALESubpart 3504 - FEES, RENTAL, ROYALTY AND BONDS
BONDING
Section 3504.65 - What happens to my bond if I do not meet my permit or lease obligations?

43 C.F.R. § 3504.65

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Current through November 30, 2024
Section 3504.65 - What happens to my bond if I do not meet my permit or lease obligations?

BLM will demand payment from your bond to cover any obligations on which you default. Your bond will be reduced accordingly. If the surety makes a payment, we will reduce the face amount of the surety bond and the surety's liability by the amount of the payment.

43 C.F.R. §3504.65