Sec. 403. Abandoned mine land reclamation fee
150 words·~1 min read·
/bill/116/s/1386/is/section-403A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Each operator of a hardrock minerals mining operation shall pay to the Secretary, for deposit in the Fund, a reclamation fee in an amount established by the Secretary by regulation of not less than 1 percent, and not more than 3 percent, of the value of the production from the hardrock minerals mining operation for each calendar year. For purposes of this section, the Secretary shall determine the value of production in the same manner as provided under section 201(a). The reclamation fee shall be paid not later than 60 days after the end of each calendar year beginning with the first calendar year occurring after the date of enactment of this Act.
Amounts received by the Secretary under subsection
(a)shall be deposited into the Fund. Nothing in this section requires a reduction in, or otherwise affects, any similar fee required under any law (including regulations) of any State.