Code of Federal Regulations · Section
§ 3809.581 — Will Blm Accept A Replacement Financial Instrument?
43 C.F.R. § 3809.581
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(a) Yes, if you or a new operator have an approved financial guarantee, you may request BLM to accept a replacement financial instrument at any time after the approval of an initial instrument. BLM will review the offered instrument for adequacy and may reject any offered instrument, but will do so by a decision in writing, with a complete explanation of the reasons for the rejection, within 30 calendar days of the offering.
(b) A surety is not released from an obligation that accrued while the surety bond was in effect unless the replacement financial guarantee covers such obligations to BLM's satisfaction.
Authorizing Statute
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Transferred43 U.S.C. § 1201
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Lands open to purchase by citizens30 U.S.C. § 22
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Federal mining and mineral leasing laws16 U.S.C. § 1280
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Management of use, occupancy, and development of public lands43 U.S.C. § 1732
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Unpatented mining claims30 U.S.C. § 612
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Congressional declaration of policy43 U.S.C. § 1701
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Fees and charges for Government services and things of value31 U.S.C. § 9701
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Transferred42 U.S.C. § 6508
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Congressional statement of purpose16 U.S.C. § 3101