§ 1243.202. When will ONRR monitor my financial solvency?
123 words·~1 min read·
/us/cfr/t30/s§ 1243.202·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)If you are presumptively financially solvent under § 1243.201(b), ONRR will determine your net worth as described under §§ 1243.201(b) and
(c)to evaluate your financial solvency at least annually on the date we first determined that you demonstrated financial solvency as long as you have active appeals and each time you appeal a new order.
(b)If you ask us to consult a business-information or credit-reporting service or program under § 1243.201(c), we will consult a service or program annually as long as you have active appeals and each time you appeal a new order.
(c)If our bond-approving officer determines that you are no longer financially solvent, you must post a bond or other ONRR-specified surety instrument under subpart B.