Code of Federal Regulations Title 30. Mineral Resources § 30.553.31 How can I use a surety bond as OSFR evidence?

(1) Be licensed to do business in the State in which the surety bond is executed;

(2) Be certified by the U.S. Treasury Department as an acceptable surety for Federal obligations and listed in the current Treasury Circular No. 570;

(3) Provide the surety bond on Form BOEM–1020;  and

(4) Be in compliance with applicable statutes regulating surety company participation in insurance-type risks.