§3474.5. Default.
43 C.F.R. § 3474.5
When the surety makes payment to the Government of any indebtedness due under a lease, the face amount of the surety bond and the surety's liability thereunder shall be reduced by the amount of such payment.
Notes, amendments, and revision history
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.