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Code of Federal Regulations (Last Updated: May 6, 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 3500 - Leasing of Solid Minerals Other Than Coal and Oil Shale |
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Subpart 3504 - Fees, Rental, Royalty and Bonds |
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Bonding |
§ 3504.55 - What types of bonds are acceptable?
Latest version.
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§ 3504.55 What types of bonds are acceptable?
You may file either a personal bond or a surety bond.
(a) Personal bonds may be in the form of:
(1) Cashier's check;
(2) Certified check; or
(3) Negotiable U.S. Treasury bonds equal in value to your bond amount. If you submit Treasury bonds, you must give the Secretary full authority to sell the securities if you default on your permit or lease obligations.
(b) Surety bonds must be issued by qualified surety companies approved by the Department of the Treasury. You can get a list of qualified sureties at any BLM State Office.