43 C.F.R. § 3474.5   Default.


Title 43 - Public Lands: Interior


Title 43: Public Lands: Interior
PART 3470—COAL MANAGEMENT PROVISIONS AND LIMITATIONS
Subpart 3474—Bonds

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§ 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.

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