---
kind: "section"
citation: "30 C.F.R. § 1243.100"
title: "30"
number: "1243.100"
heading: "What standards must my ONRR-specified surety instrument meet?"
url: "https://uscodex.org/cfr/30/1243.100"
---

# §1243.100. What standards must my ONRR-specified surety instrument meet?

- (a) An ONRR-specified surety instrument must be in a form specified in ONRR instructions. ONRR will give you written information and standard forms for ONRR-specified surety instrument requirements.
- (b) ONRR will use a bank-rating service to determine whether a financial institution has an acceptable rating to provide a surety instrument adequate to indemnify the lessor from loss or damage.
  - (1) Administrative appeal bonds must be issued by a qualified surety company which the Department of the Treasury has approved.
  - (2) Irrevocable letters of credit or certificates of deposit must be from a financial institution acceptable to ONRR with a minimum 1-year period of coverage subject to automatic renewal up to 5 years.

## Notes

### Authority

Authority: 5 U.S.C. 301 et seq.; 25 U.S.C. 396 et seq., 396a et seq., 2101 et seq.; 30 U.S.C. 181 et seq., 351 et seq., 1001 et seq., 1701 et seq.; 31 U.S.C. 9701; 43 U.S.C. 1301 et seq., 1331 et seq., and 1801 et seq.

### Source

Source: 64 FR 26254, May 13, 1999, unless otherwise noted. Redesignated at 75 FR 61087, Oct. 4, 2010.