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43 C.F.R. § 3809.571   What forms of State-approved financial guarantee are acceptable to BLM?

Title 43 - Public Lands: Interior

Title 43: Public Lands: Interior
PART 3800—MINING CLAIMS UNDER THE GENERAL MINING LAWS
Subpart 3809—Surface Management
State-Approved Financial Guarantee

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§ 3809.571   What forms of State-approved financial guarantee are acceptable to BLM?

You may provide a State-approved financial guarantee in any of the following forms, subject to the conditions in §§3809.570 and 3809.574:

(a) The kinds of individual financial guarantees specified under §3809.555;

(b) Participation in a State bond pool, if—

(1) The State agrees that, upon BLM's request, the State will use part of the pool to meet reclamation obligations on public lands; and

(2) The BLM State Director determines that the State bond pool provides the equivalent level of protection as that required by this subpart; or

(c) A corporate guarantee that existed on January 20, 2001, subject to the restrictions on corporate guarantees in §3809.574.

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