Effective July 1, 2017, adds section 3805.1 to the California Code of Regulations, Title 14, Division 2, Chapter 8, Subchapter 1, Article 11.
This regulation establishes a standardized form for which financial assurance cost estimates shall be submitted to lead agencies for review and approval. The regulation provides mine operators with clear and equitable methods for calculation of financial assurance amounts, decreases the administrative time and expense for the initial and annual review of financial assurance cost estimates by lead agencies and the Department, and provides comprehensive and complete cost estimates resulting in sufficient monies necessary to guarantee reclamation of mined lands.
* This recently approved FACE Form becomes officially effective on July 1, 2017. It is not a fillable document but is intended to be by its effective date.