---
kind: "section"
citation: "43 C.F.R. § 3474.5"
title: "43"
number: "3474.5"
heading: "Default."
url: "https://uscodex.org/cfr/43/3474.5"
---

# §3474.5. Default.


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

### 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.