43 C.F.R. · Public Lands: Interior
43 C.F.R. § 3214.14

May BLM increase the bond amount above the minimum?

Title 43 C.F.R. ● ACTIVE Primary Source
Regulatory Text

43 C.F.R. § 3214.14 — May BLM increase the bond amount above the minimum?

§ 3214.14 May BLM increase the bond amount above the minimum? (a) BLM may increase the bond amount above the minimums referenced in § 3214.13 when: (1) We determine that the operator has a history of noncompliance; (2) We previously had to make a claim against a surety because any one person who is covered by the new bond failed to plug and abandon a well and reclaim the surface in a timely manner; (3) MMS has notified BLM that a person covered by the bond owes uncollected royalties; or (4) We determine that the bond amount will not cover the estimated reclamation cost. (b) We may increase bond amounts to any level, but we will not set that amount higher than the total estimated costs of plugging wells, removing structures, and reclaiming the surface and other resources, plus any uncollected royalties due MMS or moneys owed to BLM due to previous violations.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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BS-CFR43-SEC-61138A
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REGULATION / FEDERAL-CFR-SECTION
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boisestandard.org
Citation
43 C.F.R. § 3214.14
Corpus
CFR — Code of Federal Regulations
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PRIMARY-SOURCE
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✓ TRUE
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The regulatory text of 43 C.F.R. § 3214.14 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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boisestandard.org United States Law CFR Title 43 43 C.F.R. § 3214.14