§3214.13. What is the minimum dollar amount required for a bond? — Inbound Citations
43 C.F.R. § 3214.13
Statutory Authority
Cited by 2 regulations in release Current.
Citations to 43 C.F.R. § 3214.13 as a whole
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(a) BLM may increase the bond amount above the minimums referenced in § 3214.13 when:(1) We determine that the operator has a history of noncompliance;(2) We previously had to make a claim against a surety because any one person who is covered by the new bond failed to plug and abandon a well and reclaim the surface in a timely manner;(3) MMS has notified BLM that a person covered by the bond owes uncollected royalties; or(4) We determine that the bond amount will not cover the estimated reclamation cost.
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(b) Submit to BLM evidence of acceptable bonding under § 3214.13 of this chapter; and