[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: 15CFR970.500]

[Page 326-327]
 
                  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 E_Issuance/Transfer/Terms, Conditions and Restrictions
 
Sec. 970.500  General.

    Source: 46 FR 45903, Sept. 15, 1981, unless otherwise noted.


    (a) Proposal. After certification of an application pursuant to 
Subpart D of this part, the Administrator will proceed with a proposal 
to issue or transfer a license for the exploration activities described 
in the application.
    (b)(1) Terms, conditions and restrictions. Within 180 days (or such 
longer period as the Administrator may establish for good cause shown in 
writing) after certification, the Administrator will propose terms and 
conditions for, and restrictions on, the proposed exploration which are 
consistent with the provisions of the Act and this part as set forth in 
Sec. Sec. 970.517 through 970.524. Proposed and final terms, conditions 
and restrictions will be uniform in all licenses, except to the extent 
that differing physical and environmental conditions require the 
establishment of special terms, conditions and restrictions for the 
conservation of natural resources, protection of the environment, or the 
safety of life and property at sea. The Administrator will propose these 
in writing to the applicant. Also, public notice thereof will be 
provided

[[Page 327]]

pursuant to Sec. 970.501, and they will be included with the draft of 
the EIS on the issuance of a license which is required by section 109(d) 
of the Act.
    (2) If the Administrator does not propose terms, conditions and 
restrictions within 180 days after certification, he will notify the 
applicant in writing of the reasons for the delay and will indicate the 
approximate date on which the proposed terms, conditions and 
restrictions will be completed.
    (c) Findings. Before issuing or transferring an exploration license, 
the Administrator must make written findings in accordance with the 
requirements of Sec. Sec. 970.503 through 970.507. These findings will 
be made after considering all information submitted with respect to the 
application and proposed issuance or transfer. He will make a final 
determination on issuance or transfer of a license, and will publish a 
final EIS on that action, within 180 days (or such longer period of time 
as he may establish for good cause shown in writing) following the date 
on which proposed terms, conditions and restrictions, and the draft EIS, 
are published.

     Issuance/Transfer; Modification/Revision; Suspension/Revocation