3214.21 What must I do if I want to use a certificate of deposit to back my bond§ 3214.21 What must I do if I want to use a certificate of deposit to back my bond?
Your certificate of deposit must:
(a) Be issued by a Federally-insured financial institution authorized to do business in the United States;
(b) Include on its face the statement, “This certificate cannot be redeemed by any party without approval by the Secretary of the Interior or the Secretary's delegate;” and
(c) Be payable to the Department of the Interior, Bureau of Land Management.