§3504.65. What happens to my bond if I do not meet my permit or lease obligations?
43 C.F.R. § 3504.65
BLM will demand payment from your bond to cover any obligations on which you default. Your bond will be reduced accordingly. If the surety makes a payment, we will reduce the face amount of the surety bond and the surety's liability by the amount of the payment.
Notes, amendments, and revision history
Authority
Authority: 5 U.S.C. 552; 30 U.S.C. 189, 192c, and 209; 43 U.S.C. 1701 et seq.; and sec. 402, Reorganization Plan No. 3 of 1946 (5 U.S.C. appendix).
Source
Source: 64 FR 53536, Oct. 1, 1999, unless otherwise noted.