30 CFR § 585.531 - What happens if the value of my financial assurance is reduced?

---
identifier: "/us/cfr/t30/s585.531"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "30 CFR § 585.531 - What happens if the value of my financial assurance is reduced?"
title_number: 30
title_name: "Mineral Resources"
section_number: "585.531"
section_name: "What happens if the value of my financial assurance is reduced?"
chapter_name: "BUREAU OF OCEAN ENERGY MANAGEMENT, DEPARTMENT OF THE INTERIOR"
subchapter_number: "B"
subchapter_name: "OFFSHORE"
part_number: "585"
part_name: "RENEWABLE ENERGY ON THE OUTER CONTINENTAL SHELF"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "43 U.S.C. 1337."
regulatory_source: "88 FR 6430, Jan. 31, 2023, unless otherwise noted."
cfr_part: "585"
---


# 585.531 What happens if the value of my financial assurance is reduced?

If the value of your financial assurance is reduced below the required financial assurance amount because of a default or any other reason, you must provide additional financial assurance sufficient to meet the requirements of this subpart within 45 days or within a different period as specified by BOEM.