43 CFR 3602.24 - When may I assign my materials sales contract?

Regulations last checked for updates: Oct 20, 2024

Title 43 - Public Lands: Interior last revised: Sep 06, 2024

§ 3602.24 - When may I assign my materials sales contract?

(a) You may not assign the contract or any interest therein unless BLM approves the transfer in writing.

(b) BLM will not approve your proposed assignment of contract, unless—

(1) Your assignee—

(i) Furnishes a financial guarantee as required by § 3602.14; or

(ii) Obtains a written commitment from the previous surety that it will be bound by the assignment when BLM approves it; and

(2) The assignment contains all the terms and conditions in your contract.

authority: 30 U.S.C. 601

source: 66 FR 58901, Nov. 23, 2001, unless otherwise noted.

cite as: 43 CFR 3602.24