to collect supplemental fiscal assurance and from one other independent technological alterations A part of this rule. With this situation, BOEM could continue to collect supplemental monetary assurance utilizing the Beforehand recognized BSEE deterministic estimate for decommissioning prices. BOEM is amending the following laws as follows:
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BOEM agrees Using the commenters' assertion which the First foundation bond amount was firm many years ago and acknowledges this worth should be reevaluated. Since BOEM did not propose a whole new value inside the NPRM and, thus, are unable to revise it in the final rule, BOEM plans To guage the particular values of the base supplemental money assurance for RUEs, ROWs, and leases in the foreseeable future rulemaking.
incorporating new requirements below which a bond or third-get together promise which was supplied as money assurance may be canceled, and
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issuer credit history score or proxy credit score rating). This tends to be sure that pipeline ROW grant-holders can display that they've got the monetary ability to fulfill their obligations on the ROW. The Section is finalizing the usage of an investment decision grade credit history score or proxy credit score rating for pipeline ROW co-grant holders to ascertain if a grant holder will have to present supplemental fiscal assurance, in line with the evaluation of oil and fuel lessees in thirty CFR 550.
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(88 FR 86285), which might amend the bonding requirements when filing an charm of a BSEE civil penalty. The proposed laws would call for that entities attractive a BSEE civil penalty selection on the IBLA needs to have a bond covering the civil penalty assessment quantity to the IBLA to possess jurisdiction above the attractiveness. Even further, an enchantment bond requirement presently applies to appeals of civil penalties assessed by BOEM and orders from the Place of work of Normal Sources Profits (ONRR). This kind of need is equally suitable once the impact of a modify in conditions with the appellant, such as bankruptcy or insolvency, could leave DOI without the implies of doing decommissioning.