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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 25 - Indians |
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Chapter I - Bureau of Indian Affairs, Department of the Interior |
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SubChapter H - Land and Water |
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Part 162 - Leases and Permits |
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Subpart B - Agricultural Leases |
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Lease Requirements |
§ 162.236 - How will a cash bond be administered?
Latest version.
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§ 162.236 How will a cash bond be administered?
(a) If a cash bond is submitted, we will retain the funds in an account established in the name of the tenant.
(b) We will not pay interest on a cash performance bond.
(c) If the bond is not forfeited under § 162.252(a) of this subpart, we will refund the bond to the tenant upon the expiration or termination of the lease.