Abandoned Mine Land Fund: Status
| The Surface Mining Law provides for the restoration of lands mined and abandoned or left inadequately restored before August 3, 1977. Production fees of 35 cents per ton of surface mined coal, 15 cents per ton of coal mined underground and 10 cents per ton of lignite are collected from coal producers at all active coal mining operations. The fees are deposited in the Abandoned Mine Reclamation Fund, which is used to pay the reclamation costs of abandoned mine land projects. The fund consists of fees, contributions, late payment interest, penalties, administrative charges, and interest earned on investment of the fund's principal. From January 30, 1978, when the first fees were paid, through September 30, 2005, the fund has collected $7,445,240,695.16 and fund appropriations totaled $ 5,748,548,370.03 |
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Unappropriated balance of the Fund: 1996 - Present
Current balance $ 1,801,798,272.85 (September 30, 2005)
(Dollars)
Note: Graph shows most recent quarter balance for current year (Red), and September 30th balance for past years (Green).
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