Financial assurance

Financial assurance means a surety bond, a pledge of Treasury securities, a decommissioning account, a third-party guarantee, or another form of security acceptable to the BOEM Regional Director, that is used to ensure compliance with obligations under the regulations in this part and under the terms of a lease, a RUE grant, or a pipeline ROW grant.

Source

30 CFR § 556.105

---

Scoping language

Acronyms and terms used in this part have the following meanings:

---

Is this correct? or