25 C.F.R. § 162.234
Must a tenant provide a bond under an agricultural lease?
Unless otherwise provided by a tribe under § 162.203 of this subpart, or waived by us at the request of the owners of a majority interest in an agricultural lease tract, the tenant must provide a bond to secure:
(a) The payment of one year's rental;
(b) The construction of any required improvements;
(c) The performance of any additional lease obligations, including the payment of operation and maintenance charges under § 162.228(b) of this subpart; and
(d) The restoration and reclamation of the leased premises, to their condition at the commencement of the lease term or some other specified condition.
Notes of Decisions
Cited in 1
case (1 in the last 5 years), 2021–2021 · leading case: Olson v. United States (Fed. Cl. 2021).
Olson v. United States (Fed. Cl. 2021). “234), 17 (citing 25 C.F.R. § 162.234 , § 162.602, § 162.604); ECF No.”
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