§ 285.516 - What are the financial assurance requirements for each stage of my commercial lease?

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(a) The basic financial assurance requirements for each stage of your commercial lease are as follows:
ER29AP09.111
(b) Each bond or other financial assurance must guarantee compliance with all terms and conditions of the lease. You may provide a new bond or increase the amount of your existing bond, to satisfy any additional financial assurance requirements.

(c) For hydrokinetic commercial leases, supplemental financial assurance may be required in an amount determined by MMS before FERC issues a license.

                    
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