Regulations last checked for updates: May 27, 2025

Title 43 - Public Lands: Interior last revised: May 16, 2025
§ 3474.5 - Default.

When the surety makes payment to the Government of any indebtedness due under a lease, the face amount of the surety bond and the surety's liability thereunder shall be reduced by the amount of such payment.

authority: 30 U.S.C. 189 and 359; and 43 U.S.C. 1701
source: 44 FR 42643, July 19, 1979, unless otherwise noted.
cite as: 43 CFR 3474.5