# 15 C.F.R. § 971.201 (2026): Statement of financial resources

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T15_P971_S971_201

## Section

- **Citation:** 15 C.F.R. § 971.201 (2026)
- **Heading:** Statement of financial resources
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 15 CFR: Commerce and Foreign Trade / Chapter IX: NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION, DEPARTMENT OF COMMERCE / Part 971: DEEP SEABED MINING REGULATIONS FOR COMMERCIAL RECOVERY PERMITS / Subpart B: Applications / § 971.201: § 971.201   Statement of financial resources.

## Text

(a)
General.
The application must contain information sufficient to demonstrate to the Administrator pursuant to § 971.301 that, upon issuance or transfer of the permit, the applicant will have access to the financial resources to carry out, in accordance with this part, the commercial recovery program set forth in the applicant's commercial recovery plan.
(b)
Specific.
In particular, the information on financial resources is expected to be general in nature but must include the likely sources and timing of funds to meet the applicant's scheduled expenditures in the recovery plan. These sources may include cash flow, reserves, and outside funding.

## Nearby sections

- [15 C.F.R. § 971.200 (2026) § 971.200   General.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P971_S971_200.md)
- [15 C.F.R. § 971.201 (2026) § 971.201   Statement of financial resources.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P971_S971_201.md)
- [15 C.F.R. § 971.202 (2026) § 971.202   Statement of technological experience and capabilities.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P971_S971_202.md)
- [15 C.F.R. § 971.203 (2026) § 971.203   Commercial recovery plan.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P971_S971_203.md)
- [15 C.F.R. § 971.204 (2026) § 971.204   Environmental and use conflict analysis.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P971_S971_204.md)
- [15 C.F.R. § 971.205 (2026) § 971.205   Vessel safety and documentation.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P971_S971_205.md)
- [15 C.F.R. § 971.206 (2026) § 971.206   Statement of ownership.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P971_S971_206.md)
- [15 C.F.R. § 971.207 (2026) § 971.207   Antitrust information.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P971_S971_207.md)
- [15 C.F.R. § 971.208 (2026) § 971.208   Fee.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P971_S971_208.md)
- [15 C.F.R. § 971.209 (2026) § 971.209   Processing outside the United States.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P971_S971_209.md)
- [15 C.F.R. § 971.210 (2026) § 971.210   Determination whether application is complete for further processing.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P971_S971_210.md)
- [15 C.F.R. § 971.211 (2026) § 971.211   Consultation and cooperation with Federal agencies.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P971_S971_211.md)
- [15 C.F.R. § 971.212 (2026) § 971.212   Public notice, hearing and comment.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P971_S971_212.md)
- [15 C.F.R. § 971.213 (2026) § 971.213   Amendment to an application.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P971_S971_213.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T15_P971_S971_201. Check the current official text before relying on it. Not legal advice.