Code of Federal Regulations · 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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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. § 3504.60 43 C.F.R. § 3504.66

Authorizing Statute

Rules and regulations; boundary lines; State rights unaffected; taxation
30 U.S.C. § 189
Public information; agency rules, opinions, orders, records, and proceedings
5 U.S.C. § 552
Congressional declaration of policy
43 U.S.C. § 1701