 |
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 3470 - Coal Management Provisions and Limitations |
|
Subpart 3474 - Bonds |
§ 3474.5 - Default.
Latest version.
-
§ 3474.5 Default.
When the surety makes payment to the Government of any indebtedness due under a lease, the face amount of the surety bond and the surety's liability thereunder shall be reduced by the amount of such payment.