---
kind: "section"
citation: "43 C.F.R. § 3474.1"
title: "43"
number: "3474.1"
heading: "Bonding requirements."
url: "https://uscodex.org/cfr/43/3474.1"
---

# §3474.1. Bonding requirements.

- (a) Before a lease may be issued, one of the following forms of lease bond shall be furnished:
  - (1) Corporate surety bonds;
  - (2) Cash bond; or
  - (3) Personal lease bonds secured by negotiable U.S. bonds of a par value equal to the amount of the required surety bond, together with a power of attorney executed on a form approved by the Director.
- (b) The applicant or bidder shall file the lease bond in the proper office within 30 days of receiving notice. The lease bond shall be furnished on a form approved by the Director.
- (c) The bonding obligation for a new lease may be met by an adjustment to an existing LMU bond covering the other leases within the same LMU.

## Notes

### Amendments

[44 FR 42643, July 19, 1979, as amended at 47 FR 33151, July 30, 1982]

### Authority

Authority: 30 U.S.C. 189 and 359; and 43 U.S.C. 1701 et seq.

### Source

Source: 44 FR 42643, July 19, 1979, unless otherwise noted.

### Amendments

[44 FR 42643, July 19, 1979, as amended at 47 FR 33151, July 30, 1982]