43 CFR 3504.66 - Must I restore my bond to the full amount if payment has been made from my bond?

Code of Federal Regulations - Title 43: Public Lands: Interior

Updated to: October 01, 2010

Linked as:

Text

Title 43: Public Lands: Interior

Subtitle B: Regulations Relating to Public Lands (Continued)

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

SUBCHAPTER C: MINERALS MANAGEMENT (3000)

PART 3500: LEASING OF SOLID MINERALS OTHER THAN COAL AND OIL SHALE

Subpart 3504: Fees, Rental, Royalty and Bonds

: Bonding

3504.66 - Must I restore my bond to the full amount if payment has been made from my bond

Yes. After any default, BLM will notify you of the amount you must pay to restore your bond. We will give you no more than six months to post a new bond or increase the existing bond to its pre-default level. You may elect to file separate or substitute bonds for each permit or lease. If you do not replace your bond, BLM may take action to cancel the leases or permits covered by the bond.