12 C.F.R. § 408.6   Typical classes of action.


Title 12 - Banks and Banking


Title 12: Banks and Banking
PART 408—PROCEDURES FOR COMPLIANCE WITH THE NATIONAL ENVIRONMENTAL POLICY ACT
Subpart B—Eximbank Implementing Procedures

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§ 408.6   Typical classes of action.

(a) Section 1507.3(c)(2) of the NEPA Regulations in conjunction with §1508.4 thereof requires agencies to establish three typical classes of action for similar treatment under NEPA. These typical classes of action are set forth below:

 ----------------------------------------------------------------------------------------------------------------                                              Actions normally requiring    Actions normally requiring EIS's        assessments but not necessarily      Actions normally not requiring                                                         EIS's                        assessments or EIS's----------------------------------------------------------------------------------------------------------------None...................................  Applications for Eximbank financing   Applications for Eximbank                                          under the direct lending program in   financing in the form of                                          support of transactions for which     insurance or guarantees.                                          determinations under §                                          408.4(b)(1) (i) and (ii) above may                                          be affirmative.----------------------------------------------------------------------------------------------------------------

(b) Eximbank will independently determine whether an EIS or an environmental assessment is required where:

(1) A proposal for agency action is not covered by one of the typical classes of action above; or

(2) For actions which are covered, the presence of extraordinary circumstances indicates that some other level of environmental review may be appropriate.

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