15 CFR 970.515
§ 970.515 Duration of a license.
United States · 15 CFR — Commerce and Foreign Trade · Status: effective
Cite this
- Citation
- 15 CFR 970.515, § 970.515 Duration of a license, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/63149
- Permanent ID
ys:prov:63149@1- SHA-256
1ff2d2ab70f9dc850a89ed39b00726661e8f65a7d2ac19d12c7733d195e117bb
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) Each exploration license will be issued for a period of 10 years.
(b) If the licensee has substantially complied with the license and its associated exploration plan and requests an extension of the license, the Administrator will extend the license on terms, conditions and restrictions consistent with the Act and this part for a period of not more than 5 years.
In determining substantial compliance for purposes of this section, the Administrator may make allowance for deviation from the exploration plan for good cause, such as significantly changed market conditions. However, a request for extension must be accompanied by an amended exploration plan to govern the activities by the licensee during the extended period.
(c) Successive extensions may be requested, and will be granted by the Administrator, based on the criteria, and for the length of time, specified in paragraph (b) of this section.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.