RCRC members are encouraged to submit comments on regulatory matters to state and federal regulatory bodies, and to provide a copy to RCRC’s Government Affairs staff.
Notice of Proposed Rulemaking Pertaining to Financial Assurance Mechanisms (FAMs) - Surety Bond Forms. The proposed amended regulatory language is intended to implement the updates to Public Resources Code Section 2774 based upon the statutory changes made by Assembly Bill 1142 (Grey, 2016) pertaining to Financial Assurance Mechanisms (FAMs). AB 1142 requires the SMGB to formally adopt FAM forms by July 1, 2018. Assurance mechanisms include, but are not limited to, surety bond forms, irrevocable letters of credit, and certificate of deposit establishment and encashment instructions. Agency: Department of Conservation State Mining and Geology Board. Status: The notice was released September 15, 2017, with comments due October 30, 2017. The notice and draft forms can be accessed here. RCRC Comments: Staff is seeking input from member counties. RCRC Advocate: Mary Pitto mpitto@rcrcnet.org