California Code of Regulations
Title 14 - Natural Resources
Division 2 - Department of Conservation
Chapter 8 - Mining and Geology
Subchapter 1 - State Mining and Geology Board
Article 11 - Financial Assurance Mechanisms
Section 3806.2 - Budget Set Aside

Universal Citation: 14 CA Code of Regs 3806.2

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

(a) A Budget Set Aside shall consist of a specific fund or line item set aside by the state, county, city, district or other political subdivision responsible for reclamation of the mined lands. The Budget Set Aside shall remain effective continuously throughout the period in which the Budget Set Aside is used to satisfy the requirements of Section 2773.1, Public Resources Code.

(b) The set aside shall contain the following items:

(1) A resolution or other appropriate document establishing the set aside or line item including proof of approval by the governing body or appropriate official of the state, county, city, district, or other political subdivision;

(2) The types and sources of specific funds;

(3) The period of time that each funding source is to be available:

(4) The calculation amount of the financial assurance prepared pursuant to Section 3804; and

(5) The authorization for the lead agency or the Division of Mine Reclamation to use the funds to conduct and complete reclamation if the lead agency or the Division of Mine Reclamation determines that the operator is incapable of performing the reclamation covered by the set aside pursuant to Section 2773.1(b).

Note: Authority cited: Section 2773.1, Public Resources Code. Reference: Section 2773.1(e), Public Resources Code.

Note: Authority cited: Section 2773.1, Public Resources Code. Reference: Section 2773.1(e), Public Resources Code.

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