43 C.F.R. § 3215.13 Will BLM cancel or terminate my bond?
Title 43 - Public Lands: Interior
No, we do not cancel or terminate bonds. However, we may: (a) Terminate the period of liability of a surety or other bond provider at any time. The bond provider must give you and BLM 30 days notice when they terminate your bond. Once your bond is terminated, do not conduct any operations until you provide a new bond which meets our requirements. We will also release an old bond once you file a new bond with a rider covering existing liabilities and we accept it; or (b) Release your bond after a reasonable period of time, if we determine that you have paid all royalties, rents, penalties, and assessments, satisfied all permit or lease obligations and reclaimed the site according to your operations plan.
Title 43: Public Lands: Interior
PART 3200—GEOTHERMAL RESOURCE LEASING
Subpart 3215—Bond Collection After Default
§ 3215.13 Will BLM cancel or terminate my bond?
