§ 1716. — Liabilities and bonding.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 30USC1716]
TITLE 30--MINERAL LANDS AND MINING
CHAPTER 29--OIL AND GAS ROYALTY MANAGEMENT
SUBCHAPTER I--FEDERAL ROYALTY MANAGEMENT AND ENFORCEMENT
Sec. 1716. Liabilities and bonding
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, Sec. 106, Jan. 12, 1983, 96 Stat. 2452.)
