43 CFR 3809.571 - What forms of State-approved financial guarantee are acceptable to BLM?

Code of Federal Regulations - Title 43: Public Lands: Interior (December 2005)


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TITLE 43 - PUBLIC LANDS: INTERIOR

SUBTITLE B - REGULATIONS RELATING TO PUBLIC LANDS

CHAPTER II - BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR

SUBCHAPTER C - MINERALS MANAGEMENT (3000)

PART 3800 - MINING CLAIMS UNDER THE GENERAL MINING LAWS

subpart 3809 - SURFACE MANAGEMENT

3809.571 - What forms of State - approved financial guarantee are acceptable to BLM?

You may provide a State-approved financial guarantee in any of the following forms, subject to the conditions in 3809.570 and 3809.574: (a) The kinds of individual financial guarantees specified under 3809.555; (b) Participation in a State bond pool, if (1) The State agrees that, upon BLM's request, the State will use part of the pool to meet reclamation obligations on public lands; and (2) The BLM State Director determines that the State bond pool provides the equivalent level of protection as that required by this subpart; or (c) A corporate guarantee that existed on January 20, 2001, subject to the restrictions on corporate guarantees in 3809.574.

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