Border infrastructure examined.U.S. President Bush signed a law in early April, allowing for amendments to the bilateral agreement that set up the Border Environment Cooperation Commission (Becc) and the North American Development Bank The North American Development Bank (NADB) is a binational financial institution capitalized and governed equally by the United States of America and Mexico for the purpose of financing environmental projects certified by the Border Environment Cooperation Commission (BECC). (NadBank). Specifically, this law, previously approved by the Mexican Senate, will enable the bank to issue grants and non-market-rate loans out of its paid-in capital Paid-in capital Capital received from investors in exchange for stock, but not stock from capital generated from earnings or donated. This account includes capital stock and contributions of stockholders credited to accounts other than capital stock. resources with the approval of its board. It also amends AMENDS. A satisfaction, given by a wrong doer to the party injured for a wrong committed. 1 Lilly's Reg. 81. 2. By statute 24 Geo. II. c. 44, in England, and by similar statutes in some of the United States, justices of the peace, upon being notified of an the definition of "border region," expanding this area to 300 kilometers from 100 kilometers on the Mexico side of the border. In addition, the U.S. Congress expressed its interest that the NadBank Board support qualified water conservation projects. This follows up on the August 2002 agreement to create a Water Conservation Investment Fund (WCIF WCIF Workers' Compensation Insurance Fund ) within the NadBank. The WCIF will have up to US$80 million that may be available for grant financing of water conservation projects divided equally between Mexico and the United States Relations between the United States and Mexico are among the most important and complex that each nation maintains. They are shaped by a mixture of mutual interests, shared problems, and growing interdependence. . Project funding Project Funding reflects the overall financial analysis and entails the analysis that is needed in order to get the financial means approved and funds made available to be able to perform the discipline of project management. priorities will be established based upon the following criteria: cost per unit of water saved; extent of critical need for water conservation improvements; long-term infrastructure sustainability; project readiness; and, share of non-WCIF contributions to project cost (such as in-kind contributions, loans and grants). These amendments followed up the meeting between presidents Bush and Fox in March in which they reiterated their mutual commitment to improve border environmental infrastructure. In other legal news, the following are recently published rules and standards that may have sectoral impact on corporate operations in Mexico: TRANSPORTATION Official Mexican standard NOM-020-SCT2/1995 outlines the procedures and criteria that will be utilized to ensure that the design and construction specifications for hazardous-material tanks used in transportation. Compliance is obligatory obligatory /ob·lig·a·to·ry/ (ob-lig´ah-tor?e) obligate. obligatory unavoidable; something that is bound to occur. . Another law particular to this sector, NOM-043-SCT/2003, updates a previous standard in regard to basic transport documentation requirements related to the identification of the hazardous substances and materials, the associated risks and the shipper's declarations. ENERGY NOM-001-Secre-2003 updates the 1997 version of this law and establishes the specifications and characteristics that natural gas must meet in the transportation, storage and distribution systems to safeguard public health and the environment. ENVIRONMENT Proposed PROY-NOM-138-Semarnat-2003 would establish the maximum permissible limits of hydrocarbons in the soil and the specifications for characterization and restoration. If enacted, it will have federal application for all hydrocarbon soil contamination Soil contamination is the presence of man-made chemicals or other alteration in the natural soil environment. This type of contamination typically arises from the rupture of underground storage tanks, application of pesticides, percolation of contaminated surface water to . Another proposal related to environmental compliance, PROY-NOM-055-Semarnat-2003, if enacted, will establish federal compliance criteria for the controlled confinement of hazardous waste Hazardous waste Any solid, liquid, or gaseous waste materials that, if improperly managed or disposed of, may pose substantial hazards to human health and the environment. Every industrial country in the world has had problems with managing hazardous wastes. . Federal agreement was recently reached regarding the limits of the 14 aquifers The following is a partial list of aquifers around the world. A of aquifers is also available. North America Canada
Edward M. Ranger is the only U.S. environmental lawyer licensed in Mexico and can be contacted at EdRanger@usa.net. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion