,i #aaf? ,,congress #a/ ,session ,h4 ,r4 #ddce ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,septemb] #bj1 #bjai,mr4 ,c>twright 7= himself1 ,mr4 ,grijalva1 ,mrs4 ,d+ell1 ,mrs4 ,napolitano1 ,mr4 ,rask91 ,mr4 ,l[5?al1 & ,ms4 ,lee ( ,cali=nia7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,natural ,res\rces ,a ,,bill ,to am5d ! ,surface ,m9+ ,control & ,reclamation ,act ( #aigg to protect taxpay]s f liability associat$ ) ! reclamation ( surface coal m9+ op]ations1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,coal ,cleanup ,taxpay] ,protection ,act ( #bjai 4 #b4 ,surface coal m9+ bond+ ,section #eji ( ! ,surface ,m9+ ,control & ,reclamation ,act ( #aigg 7#cj ,u4,s4,c4 #abei7 is am5d$-- 7#a7 by /rik+ subsection 7c7 & ins]t+ ! foll[+3 7c7 ,alt]native ,bond+ ,sy/em 7#a7 ,9 g5]al ,subject to p>agraph 7#b71 ! ,secret>y may approve z "p ( a ,/ate or ,f$]al program an alt]native sy/em t w-- 7,a7 a*ieve ! objectives & purposes ( ! bond+ program pursuant to ?is section2 & 7,b7 result 9 no great] risk ( f9ancial liability to ! ,f$]al ,gov]nm5t or a ,/ate gov]nm5t ?an ! bond+ program "u ?is section4 7#b7 ,report requir$ ,! ,secret>y may only approve an alt]native bond+ sy/em = a ,/ate "u p>agraph 7#a7 if su* ,/ate submits a report to ! ,secret>y t provides ! foll[+ in=mation3 7,a7 ,a hi/ory ( bond =feitures & reclamation co/s 9 su* ,/ate 9 ! sev5-ye> p]iod end+ on ! date on :i* ! report is submitt$1 includ+-- 7i7 9 ! case ( any bond =feiture1 :e!r ! money collect$ to make up ! diff]5ce betwe5 ! bond & reclamation co/ 0 suffici5t to complete ! reclamation z specifi$ 9 ! p]mit2 & 7ii7 an eng9e]'s e/imate ( ! co/ to complete reclamation ( m9es = :i* su* ,/ate has n yet det]m9$ ! co/ ( reclamation4 7,b7 ,a five-ye> =eca/ prov+ ! propos$ bond pool w be f9ancially s\nd bas$ on-- 7i7 ! propos$ annual or p] ton fees paid by m9+ op]ators2 7ii7 ! pa/ & anticipat$ f9ancial p]=mance ( p>ticipat+ m9+ op]ators2 7iii7 m>ket projections = ! five- ye> p]iod beg9n+ on ! date ( ! submission ( su* report2 7iv7 ! anticipat$ numb] ( m9+ op]ators p>ticipat+ 9 ea* ye>2 & 7v7 anticipat$ reclamation co/s1 includ+ kn[n reclamation co/s & an eng9e]'s e/imate ( co/s n yet kn[n4 2 & 7#b7 by add+ at ! end ! foll[+3 7f7 ,self-,bond+ 7#a7 ,f$]al programs 7,a7 ,9 g5]al ,effective on ! date ( enactm5t ( ?is subsection1 ! ,secret>y-- 7i7 may n accept ! bond ( ! applicant itself 7ref]r$ to 9 ?is subsection z a self-bond72 & 7ii7 may accept a sep>ate surety or collat]al bond1 consi/5t ) subsection 7b74 7,b7 ,exi/+ self-bonds ,= coal m9+ op]ations cov]$ by a self-bond accept$ by ! ,secret>y prior to ! date ( enactm5t ( ?is subsection1 ! p]mittee %all replace ! self-bond ) ano!r =m ( bond acceptable to ! ,secret>y "u ?is section by n lat] ?an ! e>li] (-- 7i7 ! date ( r5ewal ( ! p]mit "u section #ejf7;d72 & 7ii7 ! date ( any major p]mit modification "u section #ejf4 7#b7 ,/ate programs ,n lat] ?an #ij days aft] ! date ( enactm5t ( ?is subsection1 ! ,secret>y %all notify all ,/ate regulatory au?orities t all[ applicants to self-bond t ! approv$ regulatory programs ( ! ,/ate regulatory au?ority mu/ be am5d$-- 7,a7 to remove ! au?ority = applicants to self-bond2 & 7,b7 to require coal m9+ op]ations cov]$ by a self-bond accept$ by ! ,/ate regulatory au?ority prior to ! date ( enactm5t ( ?is subsection to replace ! self-bond ) ano!r =m ( bond acceptable "u ?is section by n lat] ?an ! e>li] (-- 7i7 ! date ( r5ewal ( ! p]mit "u section #ejf7;d72 & 7ii7 ! date ( any major p]mit modification "u section #ejf4 7g7 ,bonds issu$ by surety 7#a7 ,9 g5]al ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is subsection1 ! ,secret>y %all issue rules e/abli%+ limitations on surety bonds accept$ "u ?is section to m9imize ! risk ( f9ancial liability to ! ,f$]al ,gov]nm5t or a ,/ate gov]nm5t1 includ+ rules reg>d+-- 7,a7 ! maximum quantity ( corporate surety bonds issu$ by any #a corporate surety z a p]c5tage ( ! total quantity ( coal m9e reclamation bonds 9 any #a ,/ate2 7,b7 ! m9imum p]c5tage ( surety bonds unrelat$ to activities regulat$ pursuant to ?is ,act requir$ to re9sure corporate surety bonds2 7,c7 ! m9imum collat]alization requir$ = corporate surety bonds2 & 7,d7 ! m9imum am\nt ( ca% assets requir$ to be held by a corporate surety z a p]c5tage ( coal m9e reclamation bonds issu$ by ! corporate surety4 7#b7 ,exi/+ corporate bonds ,corporate surety bonds 9 exi/5ce on ! date ( enactm5t ( ?is subsection mu/ be modifi$ or replac$ z necess>y by n lat] ?an #a ye> aft] ! date on :i* ! rule is issu$ "u p>agraph 7#a74 7h7 ,collat]al requirem5ts 7#a7 ,real prop]ty ,real prop]ty po/$ z collat]al = a bond may n include-- 7,a7 coal2 7,b7 a coal m9e2 7,c7 l& t includes a coal m9e2 7,d7 l& t is locat$ above a coal m9e2 7,e7 a coal process+ facility2 7,f7 a coal wa/e disposal site2 7,g7 coal m9+ equipm5t unlikely to reta9 salvage or resale value2 or 7,h7 any o!r prop]ty det]m9$ by ! ,secret>y4 7#b7 ,re-evaluation 7,a7 ,! ,secret>y %all re-evaluate ! value ( any nonliquid collat]al1 z t t]m is def9$ 9 subp>agraph 7,b71 #c ye>s aft] su* collat]al is po/$ = a bond & e ?ree ye>s !reaft]4 7,b7 ,9 ?is p>agraph1 nonliquid collat]al has ! mean+ giv5 to x by ! ,secret>y1 except t su* t]m-- 7i7 includes ! fir/ li5 int]e/s 9 real e/ate & equipm5t2 & 7ii7 does n include-- 7,i7 ca%2 7,,ii7 lett]s ( cr$it2 7,,iii7 c]tificates ( deposit2 7,,iv7 ,f$]al1 ,/ate1 or municipal bonds2 & 7,v7 inve/m5t grade securities4 7i7 ,executive comp5sation ,! ,secret>y may require ! inclusion ( executive comp5sation1 includ+ sal>ies & bonuses ( (fic]s & executives1 ( an applicant "u ?is section1 & any affiliat$ company1 z collat]al = a bond "u ?is section4 4