[Code of Federal Regulations]

[Title 15, Volume 3]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 15CFR971.301]



[Page 349]

 

                  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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