30 USC 1716: Liabilities and bonding
Text contains those laws in effect on December 24, 2024
From Title 30-MINERAL LANDS AND MININGCHAPTER 29-OIL AND GAS ROYALTY MANAGEMENTSUBCHAPTER I-FEDERAL ROYALTY MANAGEMENT AND ENFORCEMENT
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§1716. Liabilities and bonding
A person (including any agent or employee of the United States and any independent contractor) authorized to collect, receive, account for, or otherwise handle any moneys payable to, or received by, the Department of the Interior which are derived from the sale, lease, or other disposal of any oil or gas shall be-
(1) liable to the United States for any losses caused by any intentional or reckless action or inaction of such individual with respect to such moneys; and
(2) in the case of an independent contractor, required as the Secretary deems necessary to maintain a bond commensurate with the amount of money for which such individual could be liable to the United States.
(