# 15 CFR § 971.201: Statement of financial resources

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-15-971.201

## Section

- **Citation:** 15 CFR § 971.201
- **Heading:** Statement of financial resources
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 15—Commerce and Foreign Trade > Subtitle B—Regulations Relating to Commerce and Foreign Trade > CHAPTER IX—NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION, DEPARTMENT OF COMMERCE > SUBCHAPTER D—GENERAL REGULATIONS OF THE ENVIRONMENTAL DATA SERVICE > PART 971—DEEP SEABED MINING REGULATIONS FOR COMMERCIAL RECOVERY PERMITS > Subpart B—Applications > Contents

## 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 CFR § 971.201 § 971.201 Statement of financial resources.](https://www.frixlaw.com/law-library/statutes/ecfr-15-971.201.md)
- [15 CFR § 971.202 § 971.202 Statement of technological experience and capabilities.](https://www.frixlaw.com/law-library/statutes/ecfr-15-971.202.md)
- [15 CFR § 971.203 § 971.203 Commercial recovery plan.](https://www.frixlaw.com/law-library/statutes/ecfr-15-971.203.md)
- [15 CFR § 971.204 § 971.204 Environmental and use conflict analysis.](https://www.frixlaw.com/law-library/statutes/ecfr-15-971.204.md)
- [15 CFR § 971.205 § 971.205 Vessel safety and documentation.](https://www.frixlaw.com/law-library/statutes/ecfr-15-971.205.md)
- [15 CFR § 971.206 § 971.206 Statement of ownership.](https://www.frixlaw.com/law-library/statutes/ecfr-15-971.206.md)
- [15 CFR § 971.207 § 971.207 Antitrust information.](https://www.frixlaw.com/law-library/statutes/ecfr-15-971.207.md)
- [15 CFR § 971.208 § 971.208 Fee.](https://www.frixlaw.com/law-library/statutes/ecfr-15-971.208.md)
- [15 CFR § 971.209 § 971.209 Processing outside the United States.](https://www.frixlaw.com/law-library/statutes/ecfr-15-971.209.md)
- [15 CFR § 971.210 § 971.210 Determination whether application is complete for further processing.](https://www.frixlaw.com/law-library/statutes/ecfr-15-971.210.md)
- [15 CFR § 971.211 § 971.211 Consultation and cooperation with Federal agencies.](https://www.frixlaw.com/law-library/statutes/ecfr-15-971.211.md)
- [15 CFR § 971.212 § 971.212 Public notice, hearing and comment.](https://www.frixlaw.com/law-library/statutes/ecfr-15-971.212.md)
- [15 CFR § 971.213 § 971.213 Amendment to an application.](https://www.frixlaw.com/law-library/statutes/ecfr-15-971.213.md)
- [15 CFR § 971.214 § 971.214 Consolidated license and permit procedures.](https://www.frixlaw.com/law-library/statutes/ecfr-15-971.214.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-15-971.201. Check the current official text before relying on it. Not legal advice.