ML102090007

Massachusetts Institute of Technology - Correction to Acceptance of the Massachusetts Institute of Technology'S Request to Change to a Self-Guarantee to Provide Decommissioning Funding Assurance for the Mit Research Reactor

ML102090007
Person / Time
Site:	MIT Nuclear Research Reactor
Issue date:	07/30/2010
From:	Jessie Quichocho Division of Policy and Rulemaking
To:	Dugan R Massachusetts Institute of Technology (MIT)
ADAMS A, NRC/NRR/ADRA/DPR/PRTA 415-1127
References
TAC ME3002
Download: ML102090007 (3)

Text

July 30, 2010 Office of the General Counsel Massachusetts Institute of Technology Attention: Ms. Regina Dugan 77 Massachusetts Avenue Building 10-370 Cambridge, MA 02139

SUBJECT:

MASSACHUSETTS INSTITUTION OF TECHNOLOGY - CORRECTION TO ACCEPTANCE OF THE MASSACHUSETTS INSTITUTE OF TECHNOLOGYS REQUEST TO CHANGE TO A SELF-GUARANTEE TO PROVIDE DECOMMISSIONING FUNDING ASSURANCE FOR THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY RESEARCH REACTOR (TAC NO. ME3002)

Dear Ms. Dugan:

On July 16, 2010, the U. S. Nuclear Regulatory Commission (NRC) issued an Acceptance of the Massachusetts Request to Change to a Self-Guarantee to Provide Decommissioning Funding Assurance for the Massachusetts Institute of Technologys Research Reactor letter to you. This letter is to correct a typographical error regarding the date of a supplement to your application and to include a complimentary copy be provided to the U. S. Bank National Association. Please disregard the letter dated July 16, 2010, and refer to this letter in the future regarding the acceptance.

By letter dated, October 27, 2009, as supplemented on December 22, 2009 and May 11, 2010, the Massachusetts Institute of Technology (MIT) submitted a request to the NRC to change its method of providing decommissioning funding assurance to the self-guarantee method as allowed by Title 10 of the Code of Federal Regulations (10 CFR) Section 50.75(e)(1)(iii) for non-profit entities, such as universities. MIT is currently providing financial assurance for decommissioning for the Massachusetts Institute of Technology Research Reactor, License No.

R-37, and its Special Nuclear Materials License, License No. SNM-986, with an escrow account held in trust by the U.S. Bank. The regulation states that a guarantee of funds by the applicant or licensee may be used if the guarantee and test are as contained in Appendix E to 10 CFR Part 30.

The NRC staff reviewed the self-guarantee agreement and corroborating documentation to cover the cost of decommissioning the above-mentioned NRC Licenses and found that the self-guarantee agreement meets or exceeds the financial test criteria for a non-profit university

R. Dugan that issues bonds, that it is acceptable for providing decommissioning funding assurance, and that it is in accordance with the provisions of Appendix E to 10 CFR Part 30.

Should you have any questions regarding this letter, please contact Alexander Adams at 301-415-1127.

Sincerely,

/RA/

Jessie F. Quichocho, Chief Research and Test Reactors Licensing Branch Division of Policy and Rulemaking Office of Nuclear Reactor Regulation Docket No.50-020 cc:

U. S. Bank National Association Corporate Trust Services Mailcode: EX-MA-FED One Federal Street, 3rd Floor Boston, MA 02110 Attention: 1190 M.I.T. Escrow

ML102090007 NRR-106 OFFICE DPR/PRLB: PM DPR/PRPB: LA DPR/PFAB: PM* DPR/PRLB: BC NAME AAdams aa GLappert gkl JSimpson js JQuichocho jq DATE 7/29/10 7/29/10 7/29/10 7/30/10