Cal. Code Regs. tit. 14 § 3802

Current through Register 2024 Notice Reg. No. 49, December 6, 2024

Section 3802 - Definitions

The following definitions shall govern the interpretation of this article:

(a) "Budget Set Aside" means a financial assurance mechanism, meeting the requirements of Section 3806.2 of this article, by which a government entity proposes to make specific identified monies within the entity's budget available to perform reclamation pursuant to the approved reclamation plan.

(b) "Financial Assurance Cost Estimate" means the amount of money necessary to conduct and complete reclamation on the mined lands in accordance with the approved reclamation plan, plus a reasonable estimate of the administrative costs and expenses which would be incurred by the lead agency or the Division of Mine Reclamation, the total of which shall be calculated in accordance with section 3804, and shall constitute an obligation to pay by the operator.

(c) "Financial Assurance Mechanism" means an instrument, fund or other form of Financial Assurance as provided in Section 2773.1 of the Public Resources Code and this Article.

(d) "Pledge of Revenue" means a financial assurance mechanism meeting the requirements of Section 3806.1, of this Article, by which a governmental entity proposes to make specific, identified future revenue available to perform reclamation pursuant to the approved reclamation plan.

Cal. Code Regs. Tit. 14, § 3802

Note: Authority cited: Section 2755, Public Resources Code. Reference: Section 2736, Public Resources Code.

1. New section filed 2-23-94 as an emergency; operative 2-23-94 (Register 94, No. 8). A Certificate of Compliance must be transmitted to OAL by 6-23-94 or emergency language will be repealed by operation of law on the following day.
2. Certificate of Compliance as to 2-23-94 order transmitted to OAL 6-22-94 and filed 8-3-94 (Register 94, No. 31).
3. Amendment of subsections (b) and (c) and amendment of Note filed 5-24-2018; operative 7/1/2018 (Register 2018, No. 21).
4. Change without regulatory effect amending subsection (b) filed 6-21-2024 pursuant to section 100, title 1, California Code of Regulations (Register 2024, No. 25).