Federal lessee protection bond

Federal lessee protection bond means a bond payable to the United States or the State, whichever is applicable, for use and benefit of a permittee or lessee of the surface lands to secure payment of any damages to crops or tangible improvements on Federal lands, pursuant to section 715 of the Act.

Source

30 CFR § 740.5


Scoping language

As used in this subchapter, the term:

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