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Code of Federal Regulations Title 43. Public Lands:  Interior § 43.3214.19 What are my bonding requirements when a lease interest is transferred to me?

Current as of January 02, 2025 | Updated by Findlaw Staff

(a) Except as otherwise provided in this section, if the lands to be transferred to you contain a well or any other surface disturbance which the original lessee did not reclaim, you must post a bond under this subpart before BLM will approve the transfer.

(b) If the original lessee does not transfer all interest in the lease to you, you may become a co-principal on the original bond, rather than posting a new bond.

(c) You do not need to post an additional bond if:

(1) You previously furnished a statewide or nationwide bond sufficient to cover the lands transferred;  or

(2) The operator provided the original bond, and the operator does not change.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 43. Public Lands:  Interior § 43.3214.19 What are my bonding requirements when a lease interest is transferred to me? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-43-public-lands-interior/cfr-sect-43-3214-19/

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