43 C.F.R. § 3504.65 What happens to my bond if I do not meet my permit or lease obligations?
Title 43 - Public Lands: Interior
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.
Title 43: Public Lands: Interior
PART 3500—LEASING OF SOLID MINERALS OTHER THAN COAL AND OIL SHALE
Subpart 3504—Fees, Rental, Royalty and Bonds
Bonding
§ 3504.65 What happens to my bond if I do not meet my permit or lease obligations?
