§ 1716. Liabilities and bonding
128 words·~1 min read·
/usc/title-30/section-1716A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.
(Pub. L. 97–451, title I, § 106, Jan. 12, 1983, 96 Stat. 2452.)
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- Pub. L. 97–451, title I, § 106
- 96 Stat. 2452
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§ 1716
Liabilities and bonding
Stat. Comp.×1
Pub. L.Pub. L. 97–451, title I, § 106
Stat.96 Stat. 2452
Cites 2Cited by 1 across 1 source