Prohibited interests in mining.

CFR · 2024-01-01 · US · Title 5

(a) (b) (2) (i) (ii) (3) (i)(A) Financial interests worth $5000 or less, for employees (or their spouses and minor children) of the Office of the Director and the Geologic Division, or (B) A single financial interest worth $5000 or less or an aggregate of financial interests worth $15,000 or less, for employees (or their spouses and minor children) of all other USGS organizational elements; (ii) Mineral royalties and overriding royalty interests of $600 per year or less; (iii) A publicly traded or publicly available investment fund (e.g., a mutual fund) which, in its prospectus, does not indicate the objective or practice of concentrating its investments in entities engaged in private mining activities in the United States, if the employee neither exercises control nor has the ability to exercise control over the financial interests held in the fund; (iv) A legal or beneficial interest in a qualified profit sharing, retirement, or similar plan, provided that the plan does not invest more than 25 percent of its funds in debt or equity instruments of entities engaged in private mining activities in the United States, and the employee neither exercise control nor has the ability to exercise control over the financial interests held in the plan; or (v) The ownership of a financial interest by an employee's spouse or minor child where the spouse or minor child obtained the interest through: (A) A gift from someone other than the employee or a member of the employee's household; (B

official document · source cfr-2024 · id 5:§ 3501.104