30 C.F.R. § 887.12 Coverage and amount of grants.
Title 30 - Mineral Resources
(a) An agency may use moneys granted under this part to develop, administer, and operate a subsidence insurance program to insure private property against damages caused by subsidence resulting from underground coal mining. The moneys may be used to cover costs to the agency for services and materials obtained from other State and Federal agencies or local jurisdictions according to OMB Circular A–87. Moneys granted may be used to cover capitalization requirements and initial reserve requirements mandated by applicable State law provided use of such moneys is consistent with the Grants Management Common Rule (43 CFR part 12, subpart C). (b) The grant application shall be submitted under the procedures of 30 CFR part 886 and contain the following: (1) A narrative statement describing how the subsidence insurance program is “State administered,” and (2) A narrative statement describing how the funds requested will achieve a self-sustaining individual State administered program to insure private property against subsidence resulting from underground coal mining. (c) Grants funded under this part cannot exceed a total of $3,000,000 per State. (d) Moneys granted may not be used for lands that are ineligible for reclamation funding under Title IV of the Surface Mining Control and Reclamation Act of 1977 (Pub. L. 95–87). (e) Insurance premiums shall be considered program income and must be used to further eligible subsidence insurance program objectives in accordance with 43 CFR part 12, subpart C. [51 FR 5493, Feb. 13, 1986, as amended at 60 FR 9983, Feb. 22, 1995]
Title 30: Mineral Resources
PART 887—SUBSIDENCE INSURANCE PROGRAM GRANTS
§ 887.12 Coverage and amount of grants.
