97-8338. Mining Claims Under the General Mining Laws; Surface Management: Forms of Legal Financial Guarantees Allowable Under Utah State Law

[Federal Register Volume 62, Number 63 (Wednesday, April 2, 1997)]
[Notices]
[Page 15726]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-8338]


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DEPARTMENT OF THE INTERIOR
[UT-930-1990-00-24 1A]


Mining Claims Under the General Mining Laws; Surface Management: 
Forms of Legal Financial Guarantees Allowable Under Utah State Law

AGENCY: Bureau of Land Management, Interior.

ACTION: Public Notice of Legal Financial Guarantees Allowable Under 
Utah State Law.

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SUMMARY: The Bureau of Land Management (BLM) amended the surface 
management regulations at 43 CFR subpart 3809 on February 28, 1997 (62 
FR 9093). The amendment requires each BLM State Director to consult 
with the appropriate State authorities to determine which financial 
instruments in section 43 CFR 3809.1-9(k) are allowable under State 
law. Utah State law allows surety bonds, cash, irrevocable letters of 
credit, and certificates of deposit as forms of financial guarantees 
related to reclamation requirements.

EFFECTIVE DATE: This list is effective April 2, 1998.

ADDRESSES: Inquiries should be sent to the Bureau of Land Management, 
Utah State Office, Division of Natural Resources, Solid Mineral 
Resources Group, P.O. Box 45155, Salt Lake City, Utah 84145-0155.

FOR FURTHER INFORMATION CONTACT: Terry McParland, [phone].

ALLOWABLE FINANCIAL INSTRUMENTS: The Bureau of Land Management has 
consulted with appropriate Utah State authorities to determine which of 
the financial instruments in section 3809.1-9(k) are allowable under 
Utah State law to satisfy the financial assurance requirements related 
to mining reclamation requirements. The State of Utah, Division of Oil, 
Gas, and Mining 2 has determined the following forms of financial 
guarantee are allowable under Utah State law: surety bonds, cash, 
irrevocable letters of credit, and certificates of deposit.

    Dated: March 27, 1997.
Ted Stephenson,
Acting State Director.
[FR Doc. 97-8338 Filed 4-1-97; 8:45 am]
BILLING CODE 4310-DQ-P