[Code of Federal Regulations]
[Title 15, Volume 3]
[Revised as of January 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 15CFR970.402]

[Page 325]
 
                  TITLE 15--COMMERCE AND FOREIGN TRADE
 
CHAPTER IX--NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION, DEPARTMENT 
                               OF COMMERCE
 
PART 970_DEEP SEABED MINING REGULATIONS FOR EXPLORATION LICENSES--Table of 
Contents
 
                 Subpart D_Certification of Applications
 
Sec. 970.402  Technological capability.

    (a) Before the Administrator may certify an application for an 
exploration license, he must find that the applicant has demonstrated 
that, upon issuance or transfer of the license, the applicant will 
possess, or have access to or a reasonable expectation of obtaining, the 
technological capability to engage in the proposed exploration.
    (b) In order for the Administrator to make this determination, the 
applicant must demonstrate to the Administrator's satisfaction that the 
applicant will possess or have access to, at the time of issuance or 
transfer of the license, the technology and expertise, as needed, to 
carry out the exploration program set forth in his exploration plan.