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Code of Federal Regulations (Last Updated: October 10, 2024) |
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Title 43 - Public Lands: Interior |
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Subtitle B - Regulations Relating to Public Lands |
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Chapter II - Bureau of Land Management, Department of the Interior |
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SubChapter C - Minerals Management (3000) |
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Part 3200 - Geothermal Resource Leasing |
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Subpart 3214 - Personal and Surety Bonds |
§ 3214.21 - What must I do if I want to use a certificate of deposit to back my bond?
Latest version.
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§ 3214.21 What must I do if I want to use a certificate of deposit to back my bond?
Your certificate of deposit must:
(a) Be issued by a Federally-insured financial institution authorized to do business in the United States;
(b) Include on its face the statement, “This certificate cannot be redeemed by any party without approval by the Secretary of the Interior or the Secretary's delegate;” and
(c) Be payable to the Department of the Interior, Bureau of Land Management.