Can BLM require the assignee to submit a performance bond?
Yes. When considering a proposed assignment, the processing office needs to consider whether or not to bond the assignee. While BLM may have an excellent relationship with an existing holder, a variety of circumstances must be considered in deciding whether or not to bond the new holder. For example, the assignee may be a party that has a history of compliance problems, may propose to begin using hazardous materials in connection with the authorization, or may be an entity (such as an LLC) that is appropriately bonded.
