Tenn. Comp. R. & Regs. 0600-11-.04 - CLASSIFYING PARCELS WITH MINERAL RESERVES

(1) Properties identified as having mineral reserves shall be classified into one of the following categories:

(a) Active Mineral Reserves;

(b) Depleted Mineral Reserves;

(c) Inactive measured mineral reserves;

(d) Inactive indicated mineral reserves; or

(e) Minerals not subject to appraisal.

(2) Factors to be considered in evaluating mineral reserves include inherent mining and drilling hazards, regulatory restrictions, and market conditions.

Notes

Tenn. Comp. R. & Regs. 0600-11-.04

Original rule filed April 25, 2017; effective 7/24/2017.

Authority: T.C.A. §§ 67-1-305, 67-5-502(d) and 67-5-601(d).