43 C.F.R. § 3214.15   What kind of financial guarantee will BLM accept to back my bond?


Title 43 - Public Lands: Interior


Title 43: Public Lands: Interior
PART 3200—GEOTHERMAL RESOURCE LEASING
Subpart 3214—Personal and Surety Bonds

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§ 3214.15   What kind of financial guarantee will BLM accept to back my bond?

We will not accept cash to back a bond. We will only accept:

(a) Corporate surety bonds, provided that the surety company is approved by the Department of Treasury (see Department of the Treasury Circular No. 570 which is published in the Federal Register every year on or about July 1); and

(b) Personal bonds, which are secured by a cashier's check, certified check, certificate of deposit, negotiable securities such as Treasury notes, or an irrevocable letter of credit (see 43 CFR 3214.21 and 3214.22).

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