BOEM acknowledges the commenter's aid, plus the Office is finalizing The brand new term as proposed. Comment:
It goes against our suggestions to supply incentives for assessments. We also make certain all testimonials are released without moderation.
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BOEM agrees with the commenters' assertion which the Preliminary foundation bond amount was firm many years in the past and acknowledges this benefit ought to be reevaluated. Mainly because BOEM did not suggest a new price in the NPRM and, thus, can't revise it in the ultimate rule, BOEM ideas To guage the specific values of the base supplemental financial assurance for RUEs, ROWs, and leases in a very long term rulemaking.
including new conditions less than which a bond or third-celebration promise which was presented as money assurance could be canceled, and
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improve in credit rating rating), or if a celebration obtains an OCS lease or grant fascination inside the phased compliance time-frame immediately after implementation of the final rule, they might be permitted to utilize the phased compliance technique. BOEM has retained the language to establish a three-12 months compliance window broad plenty of to encompass these circumstances. BOEM intends for any bash who, within the three-calendar year compliance window, incurs new decommissioning legal responsibility or activities adjusted situations causing a monetary assurance demand from customers from BOEM, to get authorized, with the Regional Director's discretion, to use the three-yr phased in approach to offering supplemental financial assurance.
The Office proposed to rename the lease-particular abandonment accounts in 30 CFR 556.904 as “Decommissioning Accounts,” the terminology utilized by the sector. This identify transform is meant to remove any perceived limitation that this kind of account can implement to only only one lease, and also to signify that these accounts can be made use of to be certain compliance with supplemental financial assurance specifications for just a RUE and ROW grant, as well as a lease.
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But the relevance of the resolution is restricted. It focuses solely on the security of navigation and of existence at sea, such as assets along with the marine natural environment.