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USDA/FS | RIN: 0596-AD58 | Publication ID: Spring 2024 |
Title: Financial Assurance for Locatable Minerals | |
Abstract:
This rulemaking would revise Locatable Minerals regulations at 36 CFR 228.13 to allow equities and private investment-rated securities within trust funds as financial assurance for long-term post-closure obligations. This would create consistency with existing BLM regulations and practice and respond to an immediate programmatic need to provide a viable mechanism for financing long-term, post-closure environmental obligations, which is crucial to the stewardship and restoration of NFS lands affected by mining. This final rule would help meet the Administration's priority to improve service delivery, customer experience, and reduce administrative burdens for those accessing public benefits and services. |
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Agency: Department of Agriculture(USDA) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 36 CFR 228.13 | |
Legal Authority: Organic Administration Act of June 4, 1897 30 Stat. 34, 36 (16 U.S.C. 478, 482, 551) General Mining Act of 1872, as amended 17 Stat. 91 (30 U.S.C. 22-54) Surface Resources Act, Pub. L. 167, July 23, 1955, 69 stat. 368. (30 U.S.C. 601, 603, 611-15) |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Mark B. Lambert Department of Agriculture Forest Service 15 Burnett Court, Durango, CO 81301 Phone:970 799-2331 Email: mark.b.lambert@usda.gov |