[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: 15CFR971.301]

[Page 350]
 
                  TITLE 15--COMMERCE AND FOREIGN TRADE
 
CHAPTER IX--NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION, DEPARTMENT 
                               OF COMMERCE
 
PART 971_DEEP SEABED MINING REGULATIONS FOR COMMERCIAL RECOVERY PERMITS--Table 
of Contents
 
                 Subpart C_Certification of Applications
 
Sec. 971.301  Required findings.

    Before the Administrator may certify an application for a commercial 
recovery permit, the Administrator must:
    (a) Approve the size and location of the commercial recovery area 
selected by the applicant, and this approval will occur unless the 
Administrator determines that (1) the area is not a logical mining unit 
under Sec. 971.501, or (2) commercial recovery activities in the 
proposed area would result in a significant adverse environmental effect 
which cannot be avoided by imposition of reasonable restrictions; and
    (b) Find that the applicant--
    (1) Has demonstrated that, upon issuance or transfer of the permit, 
the applicant will be financially responsible to meet all obligations 
which may be required to engage in its proposed commercial recovery 
activities;
    (2) Has demonstrated that, upon permit issuance or transfer, it will 
possess, or have access to, the technological capability to engage in 
the proposed commercial recovery;
    (3) Has satisfactorily fulfilled all past obligations under any 
license or permit previously issued or transferred to the applicant 
under the Act;
    (4) Has a commercial recovery plan which meets the requirements of 
Sec. 971.203; and
    (5) Has paid the permit fee specified in Sec. 971.208.

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