US LAWS, STATUTES & CODES ON-LINE

30 C.F.R. § 243.7   What must a person do when posting a bond or other surety instrument or demonstrating financial solvency on behalf of an appellant?

Title 30: Mineral Resources
PART 243—SUSPENSIONS PENDING APPEAL AND BONDING—MINERALS REVENUE MANAGEMENT
Subpart A—General Provisions

Browse Previous |  Browse Next

§ 243.7   What must a person do when posting a bond or other surety instrument or demonstrating financial solvency on behalf of an appellant?

If you assume an appellant's responsibility to post a bond or other surety instrument or demonstrate financial solvency under §243.5, you:

(a) Must notify MMS in writing at the address specified in §243.200(a) that you are assuming the appellant's responsibility under this part;

(b) May not assert that you are not otherwise liable for royalties or other payments under 30 U.S.C. 1712(a), or any other theory, as a defense if MMS calls your bond or requires you to pay based on your demonstration of financial solvency; and

(c) May end your voluntarily-assumed responsibility for posting a bond or other surety instrument only after the appellant under this part either:

(1) Pays or posts a bond or other surety instrument; or

(2) Demonstrates financial solvency.