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default of its performance warranty rendered the financial warranty subject to <br />forfeiture. <br />8. On October 27, 2020, the Division notified Operator, who is also the <br />financial warrantor, that the financial warranty was subject to forfeiture and that a <br />hearing would be held at the Board's December 2020 meeting to consider final <br />forfeiture. <br />9. Operator did not appear at the December 16, 2020 Board meeting. <br />CONCLUSIONS OF LAW <br />1. The Board has jurisdiction over this matter pursuant to the Colorado <br />Land Reclamation Act, Article 32 of Title 34, C.R.S. (2020) ("Act"). <br />2. Under section 34-32-118(1)(b), C.R.S., a financial warranty is subject to <br />forfeiture whenever an operator is in default under a performance warranty. The <br />Operator is in default under a performance warranty and failed to correct the default. <br />3. Under section 34-32-118(3)(a), C.R.S., at a hearing to consider whether a <br />financial warranty should be forfeited, the Board has authority to confirm its <br />determination that a financial warranty is subject to forfeiture. <br />ORDER <br />Operator did not appear in this matter to present any mitigating factors. <br />There is no information before the Board indicating that any action other than the <br />requested action is appropriate. Therefore, based on the foregoing findings of fact <br />and conclusions of law, the Board enters the following order: <br />The Board CONFIRMS the Board's determination that the financial <br />warranty should be forfeited. <br />The Board orders that the financial warranty for permit number M-2014-016, <br />cash bond number 9076004044 in the amount of $4,600.00, is FORFEITED and <br />directs and orders affected financial warrantors to immediately deliver to the Board <br />all amounts warranted by applicable financial warranties. <br />DONE AND ORDERED this 11th day of January 2021. <br />Dwayne Hall <br />M-2014-016 <br />MV -2020-001 <br />FOR THE COLORADO MINED LAND <br />RECLAMATION BOARD <br />2 <br />