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however, we do not believe it is reasonably possible that this matter would result in a loss that would have a material effect on our consolidated financial position, results of operations or cash flows.
−Removed: In October 2018, we reached an agreement in principle with the EPA to settle an alleged violation of the wetlands provisions of the Clean Water Act at one of our development sites in our Southeast region.
−Removed: Upon finalizing the agreement in March 2019, we paid a penalty of $267,000 without an admission of liability.
−Removed: We also are participating in settlement discussions with the U.S.
−Removed: Army Corps of Engineers (ACOE) and DOJ concerning alleged violations of the wetlands provisions of the Clean Water Act at another development site in our Southeast region relating to a violation notice the ACOE issued in April 2017.
+Added: We are participating in settlement discussions with the U.S.
+Added: Army Corps of Engineers (ACOE) and DOJ concerning alleged violations of the wetlands provisions of the Clean Water Act at a development site in our Southeast region relating to a violation notice the ACOE issued in April 2017.
This matter could potentially result in a settlement that includes a penalty of approximately $350,000 without an admission of liability.
We do not believe it is reasonably possible that this matter will result in a loss that would have a material effect on our consolidated financial position, results of operations or cash flows.
+Added: With respect to administrative or judicial proceedings involving the environment, we have determined that in future filings we will disclose any such proceeding if we reasonably believe such proceeding will result in monetary sanctions, exclusive of interest and costs, at or in excess of $1 million.
+Added: We believe that such threshold is reasonably designed to result in disclosure of environmental proceedings that are material to our business or financial condition.
MINE SAFETY DISCLOSURES
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.