43 C.F.R. § 3809.572   What happens if BLM rejects a financial instrument in my State-approved financial guarantee?


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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§ 3809.572   What happens if BLM rejects a financial instrument in my State-approved financial guarantee?

If BLM rejects a submitted financial instrument in an existing State-approved financial guarantee, BLM will notify you and the State in writing, with a complete explanation of the reasons for the rejection within 30 calendar days of BLM's receipt of the evidence of State-approved financial guarantee. You must provide BLM with a financial guarantee acceptable under this subpart at least equal to the amount of the rejected financial instrument.

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