[Federal Register Volume 62, Number 80 (Friday, April 25, 1997)]
[Notices]
[Pages 20202-20203]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-10702]


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DEPARTMENT OF THE INTERIOR

Bureau of Land Management
[CO-933-97-1990-00-24A]


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

AGENCY: Bureau of Land Management, Interior.

ACTION: Public notice of legal financial guarantees allowable under 
Colorado 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.

EFFECTIVE DATE: This list is effective April 28, 1997.

ADDRESSES: Inquires should be sent to the Bureau of Land Management,

[[Page 20203]]

Colorado State Office, Division of Resource Services, Mining Law 
Administration Team, 2850 Youngfield Street, Lakewood, Colorado 80215.

FOR FURTHER INFORMATION CONTACT:
Roy H. Drew, (303) 239-3772.

ALLOWABLE FINANCIAL INSTRUMENTS: The Bureau of Land Management has 
consulted with appropriate Colorado State authorities to determine 
which of the financial instruments in section 3809.1-9(k) are allowable 
under Colorado State law to satisfy the financial assurance 
requirements related to mining reclamation requirements. Colorado State 
law allows cash bonds, cash escrow accounts, corporate surety bonds, 
irrevocable letters of credit, certificates of deposit, deeds of trust 
and security agreements, self-insurance, individual reclamation funds, 
salvage credit, and first priority liens on project-related fixtures 
and equipment as forms of financial guarantees related to reclamation 
requirements.

    Dated: April 21, 1997.
James E. Edwards,
Solid Minerals Group Leader.
[FR Doc. 97-10702 Filed 4-24-97; 8:45 am]
BILLING CODE 4310-01-M