Code of Federal Regulations · Section
§ 3474.6 — Termination Of The Period Of Liability
43 C.F.R. § 3474.6
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The authorized officer shall not consent to termination of the period of liability under the lease bond unless an acceptable substitute bond has been filed or until all terms and conditions of the lease have been fulfilled.
Authorizing Statute
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Congressional declaration of policy43 U.S.C. § 1701