Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 43 - Public Lands: Interior |
Subtitle B - Regulations Relating to Public Lands |
Chapter II - Bureau of Land Management, Department of the Interior |
SubChapter C - Minerals Management (3000) |
Part 3150 - Onshore Oil and Gas Geophysical Exploration |
Subpart 3154 - Bond Requirements |
§ 3154.3 - Bond cancellation or termination of liability.
Latest version.
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§ 3154.3 Bond cancellation or termination of liability.
The authorized officer shall not consent to the cancellation of the bond or the termination of liability unless and until the terms and conditions of the notice of intent or permit have been met. Should the authorized officer fail to notify the party within 90 days of the filing of a notice of completion of the need for additional action by the operator to rehabilitate the lands, liability for that particular exploration operation shall automatically terminate.
[53 FR 17359, May 16, 1988; 53 FR 31867, Aug. 22, 1988]