What is a surety bond? How do I obtain one and submit it to the BLM?
A suretyship (surety) bond is “a contractual arrangement among the surety, the principal (operator), and the obligee (BLM) whereby the surety agrees to protect the obligee if the principal defaults in performing the principal’s contractual obligations (reclamation). The bond is the instrument which binds the surety.” You should contact an insurance agent to find a federally acceptable surety company and you must complete BLM Form 3809-1, “Surface Management Surety Bond.” A corporate surety must be certified by the U.S. Department of the Treasury (see Treasury Circular 570). Surety bonds must be accompanied by the surety’s power of attorney. For material changes to a surety bond, the surety company must submit a change rider.
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