Summary: S.1389 — 107th Congress (2001-2002)All Information (Except Text)

Bill summaries are authored by CRS.

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Passed Senate amended (11/15/2001)

Homestake Mine Conveyance Act of 2001 - Prescribes procedural guidelines for the conveyance by the Homestake Mining Company of California of certain portions of the Homestake Mine to the State of South Dakota (the State), for national underground laboratory scientific research purposes.

(Sec. 4) Conditions such conveyance upon acceptance by the Administrator of the Environmental Protection Agency (EPA) of a specified due diligence Mine inspection report conducted by an independent entity.

Sets forth EPA review and approval parameters.

(Sec. 6) Prescribes guidelines for Federal assumption of liability for specified damages including: (1) reclamation; (2) hazardous substance response; and (3) closure of the Mine and the national laboratory therein.

(Sec. 7) Requires the State to obtain: (1) property and liability insurance for the Mine and operation of the laboratory; and (2) unemployment compensation insurance and worker's compensation insurance.

(Sec. 8) Requires the State to: (1) establish an Environment and Project Trust Fund to pay for designated environmental and Mine closure expenses; and (2) obtain the approval of the Administrator before disposing of any material quantity of laboratory waste rock if the disposal site is on land not conveyed under this Act, and the State determines that such disposal could result in commingling of laboratory waste rock with waste rock disposed of by Homestake before such conveyance date.

(Sec. 11) States that this Act shall be effective contingent upon the selection of the Mine by the National Science Foundation as a national underground laboratory site.

(Sec. 15) Amends title IV part A of the Social Security Act (Temporary Assistance for Needy Families) (TANF) to rescind by $100 million the appropriations for bonus payments to the States to reward decreases in the illegitimacy ratio.

Instructs the Director of the Congressional Budget Office and the Director of the Office of Management and Budget to project the baseline assumption with respect to the amount of bonus grants for fiscal year 2003 and each fiscal year thereafter without regard to such rescinded amount.