[Federal Register Volume 62, Number 132 (Thursday, July 10, 1997)]
[Notices]
[Page 37074]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-18088]


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DEPARTMENT OF THE INTERIOR

Bureau of Land Management
[NM-930-1990-01]


New Mexico: Public Notice of Legal Financial Guarantees 
Acceptable to the Bureau of Land Management That Are Allowable Under 
New Mexico State Law

AGENCY: Bureau of Land Management, Department of Interior.

ACTION: Notice of mining claims under the general mining laws; Surface 
management: Forms of legal financial guarantees allowable under New 
Mexico State law.

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SUMMARY: The Bureau of Land Management (BLM) amended the surface 
management regulations at 43 CFR 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 listed in 43 CFR 3809.1-9(k) are allowable under State law.

EFFECTIVE DATE: March 31, 1997.

ALLOWABLE FINANCIAL INSTRUMENTS: The BLM has consulted with the 
Director, Mining and Minerals Division of the Energy, Minerals, and 
Natural Resources Department to determine which of the financial 
instruments listed in 43 CFR 3809.1-9(k) are allowable under New Mexico 
State Mining Act rules to satisfy the financial assurance requirements 
related to mining reclamation. All listed financial instruments are 
allowable under State Mining Act rules. Specifically, surety bonds, 
cash, irrevocable letters of credit, certificates of deposit or savings 
accounts, negotiable U.S., state, and municipal securities or bonds; 
and investment-grade rated securities having a Standard and Poor's 
rating of AAA or AA or equivalent rating.

ADDRESS: Inquiries should be sent to the Bureau of Land Management, New 
Mexico State Office, Land and Minerals Support Team, P.O. Box 27115, 
Santa Fe, NM 87502-0115. For further information contact: Bill Dalness, 
(505) 439-7405.

    Dated: June 30, 1997.
Gilbert J. Lucero,
Acting State Director.
[FR Doc. 97-18088 Filed 7-9-97; 8:45 am]
BILLING CODE 4310-FB-M