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 3900 - Oil Shale Management - General |
Subpart 3904 - Bonds and Trust Funds |
§ 3904.13 - Acceptable forms of bonds.
Latest version.
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§ 3904.13 Acceptable forms of bonds.
(a) The BLM will accept either a personal bond or a surety bond. Personal bonds are pledges of any of the following:
(1) Cash;
(2) Cashier's check;
(3) Certified check; or
(4) Negotiable U.S. Treasury bonds equal in value to the bond amount. Treasury bonds must give the Secretary authority to sell the securities in the case of failure to comply with the conditions and obligations of the exploration license or lease.
(b) Surety bonds must be issued by qualified surety companies approved by the Department of the Treasury. A list of qualified sureties is available at any BLM state office.