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<br />1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br /> <br />who fails to have his OR HER license renewed during the month of <br />January in each year shall lapse. Any lapsed license may be renewed, <br />without reexamination, within a period of one year after such lapse upon <br />payment of all fees in arrears. LICENSEES MAY ELECT TO RENEW THEIR <br />LICENSES AND FILE AND MAINTAIN A BOND OR LETTER OF CREDIT FOR A <br />TERM OF UP TO THREE YEARS, PAYING FIFTY DOLLARS FOR EACH YEAR THE <br />LICENSE WILL BE IN EFFECT. <br />(4.5) A licensee shall maintain the amount of financial <br />responsibility required by subsections (2), (3), and (4) of this section for <br />the life of the license for which the financial responsibility is required. <br />The license of any well construction contractor or pump installation <br />contractor who fails to maintain such financial responsibility shall lapse. <br />A license wIrieh THAT has so lapsed may be reinstated upon submission <br />of current evidence of the required financial responsibility to the board <br />and payment to the board of a ten ONE HUNDRED dollar reinstatement fee. <br />(5) The board shall charge an annual registration fee often = <br />dollars for each well drilling or pump installation rig to be operated by-a <br />"dl const! uction conttact6! o! pump ihstallation conti acto! IN THE STATE <br />OF COLORADO. <br />(6) THE BOARD SHALL. NO 'LATER THAN JANUARY 7. 2007. <br />DEVELOP A CONTINUING EDUCATION PROGRAM IN CONJUNCTION WITH THE <br />COLORADO WATER WELL CONTRACTORS ASSOCIATION OR ANY <br />ANALOGOUS OR SUCCESSOR ORGANIZATION. <br />SECTION 8. 37-91-108 (1) (h), Colorado Revised Statutes, is <br />amended, and the said 37-91-108 (1) is further amended BY THE <br />ADDITION OF A NEW PARAGRAPH, to read: <br />37-91-108. Denial, revocation, or suspension of license. <br /> <br />-10-. <br /> <br />e <br /> <br />tit <br /> <br />e <br /> <br />045 <br />