{"data":{"id":"us/30-cfr-553.31","jurisdiction":"us","citation":"30 CFR 553.31","heading":"How can I use a surety bond as OSFR evidence?","body":"(a) Each bonding company that issues a surety bond that you submit to BOEM as OSFR evidence must:\n(1) Be licensed to do business in the State in which the surety bond is executed;\n(2) Be certified by the U.S. Treasury Department as an acceptable surety for Federal obligations and listed in the current Treasury Circular No. 570;\n(3) Provide the surety bond on Form BOEM-1020; and\n(4) Be in compliance with applicable statutes regulating surety company participation in insurance-type risks.\n(b) A surety bond that you submit as OSFR evidence must include all the information required by § 553.41.","path":["Title 30—Mineral Resources","CHAPTER V—BUREAU OF OCEAN ENERGY MANAGEMENT, DEPARTMENT OF THE INTERIOR","SUBCHAPTER B—OFFSHORE","PART 553—OIL SPILL FINANCIAL RESPONSIBILITY FOR OFFSHORE FACILITIES","Subpart C—Methods for Demonstrating OSFR"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-30.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:24Z","sha256":"8be662a421c7a8ec8cd353a8d4450e96fb95b10b843a572a0f66888e94335285","source_id":"us-cfr","stale":true,"prev":"us/30-cfr-553.30","next":"us/30-cfr-553.32"},"notice":"GroundRules: Original legal text. Not legal advice."}