25 CFR §162.561
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
- (a)Upon expiration, termination, or cancellation of the lease, the lessee must ask BIA in writing to release the performance bond or alternative form of security.
- (b)Upon receiving the request under paragraph (a) of this section, BIA will:
- (1)Confirm with the tribe, for tribal land or, where feasible, with the Indian landowners for individually owned Indian land, that the lessee has complied with all lease obligations; and
- (2)Release the performance bond or alternative form of security to the lessee unless we determine that the bond or security must be redeemed to fulfill the contractual obligations.