§ 3214.10 Who must post a geothermal bond?
§ 3214.11 Who must my bond cover?
§ 3214.12 What activities must my bond cover?
§ 3214.13 What is the minimum dollar amount required for a bond?
§ 3214.14 May BLM increase the bond amount above the minimum?
§ 3214.15 What kind of financial guarantee will BLM accept to back my bond?
§ 3214.16 Is there a special bond form I must use?
§ 3214.17 Where must I submit my bond?
§ 3214.18 Who will BLM hold liable under the lease and what are they liable for?
§ 3214.19 What are my bonding requirements when a lease interest is transferred to me?
§ 3214.20 How do I modify my bond?
§ 3214.21 What must I do if I want to use a certificate of deposit to back my bond?
§ 3214.22 What must I do if I want to use a letter of credit to back my bond?

Terms Used In CFR > Title 43 > Subtitle B > Chapter II > Subchapter C > Part 3200 > Subpart 3214 - Personal and Surety Bonds

  • Appraisal: A determination of property value.
  • Arrest: Taking physical custody of a person by lawful authority.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Case law: The law as laid down in cases that have been decided in the decisions of the courts.
  • Dependent: A person dependent for support upon another.
  • Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.