43 CFR 3581.5

Regulations last checked for updates: Nov 22, 2024

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

View all text of Subpart 3581 [§ 3581.0-3 - § 3581.5]

§ 3581.5 - Bond.

Prior to lease issuance, the lessee shall furnish a bond of not less than $2,000 conditioned upon compliance with all terms and conditions of the lease, including the prescribed investment requirement. The authorized officer reserves the right to increase the bond amount.

authority: 16 U.S.C. 90c-1,460n,460q,460dd,460mm; 30 U.S.C. 189,293,359; 31 U.S.C. 9701; 43 U.S.C. 1201,1732,1733,1740; 47 Stat. 1487

source: 51 FR 15256, Apr. 22, 1986, unless otherwise noted.

cite as: 43 CFR 3581.5