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<br />iii iiiiiiiii i <br />Doc Date:12/11/2001 <br />(I~ PART 742 - FEDERAL LANDS PROGRAM - BONDS AND LIABILITY INSURANCE ON <br />j FEDERAL LANDS <br />Section 742.11 Federal Lease Bonds. <br />Kerr Coal is the holder of Federal Coal Lease C-22777 and thus <br />presently holds a federal lease bond under 43 CFR 3474. <br />Section 742.12 Performance Bonds. <br />i <br />Kerr Coal will comply with the applicable performance bond re- <br />quirements of 30 CFR 800-808 upon notification from the regulatory <br />authorities of the required amount, terms, and format of any re- <br />quired performance bond. Kerr Coal proposes acceptance by the <br />regulating authorities of a floating bond computation similar in <br />principle to that used by the State of Colorado. <br />Section 742.13 Federal Lessee Protection Bonds. <br />In a significant portion of the permit area, federally owned coal <br />is to be mined where the surface is subject to grazing allotments <br />administered by the United States. Accompanying this application <br />is Exhibit 5, Letters from the holders of the relevant grazing <br />allotments to Kerr Coal, granting to Kerr Coal the right to enter <br />and commence surface coal mining operations on the surface area <br />subject to the various allotments. Although the consent of the <br />Streit Brothers (grazing Allotment No. 7169) has been requested, at <br />the time of submittal it had not been received. <br /> <br />742-1 <br />