2018-10-26_REVISION - M1983164

• Permit No: M1983164
• IBM Index Class Name: Revision
• Doc Date: 10/26/2018
• Doc Name: Completeness Response
• From: George Gallegos
• To: DRMS
• Type & Sequence: SO3
• Email Name: LJW
• Email Name: WHE
• Media Type: D
• Archive: No

STATE OF COLORADO
DIVISION OF RECLAMATION,MINING AND SAFETY
Department of Natural Resources
1313 Sherman St.,Room 215 C OkO R A D O
Denver,Colorado 80203 D IV 15 1 ON Of
Phone:[phone] RECLAMATION
FAX:[phone] MINING
SAFETY
Instructions for Certificate of Deposit
Minerals Program
Mineral Mining,Mineral Exploration and Mineral Prospecting Operations
Public Funds Account
A Certificate of Deposit(CD)is a type of collateral bond. The permittee deposits money with a bank that
Provides the State with a Certificate stating funds are available for reclamation. C.R.S. 34-32-117 and
C.R.S.34-32.5-117 addresses Financial Warranties. The following items should be met:
1. The CD must be issued by a PDPA eligible Colorado Bank,this is due to the PDPA requirements.
2. The Certificate of Deposit shall be set up as a Public Funds Account(this must be stated on the CD,the signature
card/sheet,and the books of the bank). The Division's PDPA number must be shown on the CD and on the signature
card. The Division's PDPA number is 010004005101.
3. CD's must be assiened to the State of Colorado/Mined Land Reclamation Board. The bank issuing the certificate must
use the Division's address(1313 Sherman St.,Rm 215,Denver,CO 80203);and phone number Q03)866-3567)on
the certificate and also on the books of the bank.
4. The CD must be issued on an automatically renewable term. This must be stated on the CD and on the books of the
bank.
5. The on inal certificate is provided to the Division of Reclamation, Mining and Safety, 1313 Sherman St.,Rm 215,
Denver,Colorado 80203 for safekeeping at the State Treasurer's office.
6. The Tax ID or Social Security number on the CD must be the original depositor of the monies. The original depositor
of the monies must sign the Taxpayer Identification area on the signature card/sheet verifying the Tax ID number
before sending the signature sheetIcard to the Division for signature. The only approved endorsement signature on the
CD is the Division Director's. The Division will return the signature card/sheet to the bank with the Director's signature.
The interest may not accrue or compound against the principal,but should be paid out to the original depositor of the
monies. The interest may be deposited into a Checking,Savings,or the interest may be paid out. All interest checks,
statements,correspondence pertaining to the CD must be sent to the Division and the Division will then forward the
information to the Original Depositor of the monies.
7. The bank is required to place a lock or hold on the account,until such time as the funds are released by the Division
Director. The bank must provide proof of such lock or hold to the Division.
8. An Assignment of Certificate of Deposit form must be executed in the presence of a notary with a copy provided to the
bank to allow only the Colorado Mined Land Reclamation Board access to these funds until the Division Director
releases the funds back to the Operator.
9 The operator must submit an executed"Financial Warranty/Certificate of Deposit"form in support of the Certificate of
Deposit being submitted as a bond for a mining operation, or they must submit an executed "One-Site Prospecting
Bond"form or a"Statewide Prospecting Bond"form in support of the Certificate of Deposit being submitted as a bond
for Mineral Exploration or Mineral Prospecting.
If you have any questions regarding the issuance of the CD, please contact the Minerals Program Bonding Specialist at
[phone].
M:\min\share\bondforms\CD Instruct ions.doc
Office of Office of
Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines