Regulations last checked for updates: May 18, 2024

Title 30 - Mineral Resources last revised: May 15, 2024
§ 585.531 - What happens if the value of my financial assurance is reduced?

If the value of your financial assurance is reduced below the required financial assurance amount because of a default or any other reason, you must provide additional financial assurance sufficient to meet the requirements of this subpart within 45 days or within a different period as specified by BOEM.

authority: 43 U.S.C. 1337.
source: 88 FR 6430, Jan. 31, 2023, unless otherwise noted.
cite as: 30 CFR 585.531