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N 1. .f/r,. ~. .i~ ~ • ~..~'. . '4f.SELL'IY_=_YiQ~31:14~9___LII Q1Q~is]~S^_~ (t) (a) In dntermi Wing the amount and duration of surety to bc+ required. the board. Shall cOnSi.lc•r factual inform:~tiOn as to the m~~nitud9. tyUPS antl cUSts Uf rNClaR.ation aCfivities I~lanned for the ' affected land and the nature, extent. and duration of the mi~niny operation. The dmUUnt Of the Surety Shall be based ori.the cost of r'eclaimin~3 only that portion of the affected lands to be disturbed and the extent of such tlisturbancr. at any one time during the various stages of the mining oper- at i Un. . (b) In determining whether the surety of an operator must be guaranteed by a Corporate surety bond and in det?r- mininy the form of surety to be provided by the operator if Oiher than a bOndr the board shall consider. with respect to the operator. such factors as his financial status. his dS5et5 within the Sidte, his pdsC performance On COntrdCtUdl agreements. and his facilities available to carry out the planned work. The operator shall supply evidence of finan- ,~ cial.responsibil.ity for all surety other than a bond. ~, (C) Liability of an Operator under Surety proviSiOns shall continue until such time as released in part or in its entirety by the board. In no case shall surety be held more Chan twelve months after ComplCtion of reclamation, (d) Surety in an amount and form as determined by the boartl shall be provided by the oper,ato.r prior to the issuance of a permit pursuant to sections 34-32-11Z and 34-32-115. (e) Surety under this section shall not be required of units of county government if the government entity sub- mits a written guarantee, in lieu oflsurety. stating that Lhe affected lands will be reclaimed in accordance with the %~•~ erms o c e permit and section 34-32-116 of the M„< L.•„A /1e.1„..,..+:an Acf, (2) any surety required under this article to be filed by the operator shall be in such form as the board pre- scribes, payable to the state of Colorado, and conditioned that the operator snd11 faithfully pie dorm all requirements of this article and comply with all rules .end regulations Wade in dCCOr dance with the prOVi5iOn5 Of this article. Such surety shall be signed by the operator as principal and. if required, by a good and sufficient corporate surety duthOfiZed to dU bUSine55 in this state. The penalty Of such surety shall be in such amount as the board deems neces- sary to insure the perfprm.~nc? of the duties of the operator under LhiS artiClC with respect t0 the (~ffeCtCd lang. In lieu of such surety. the operator may deposit cash and gov- ernment securities with the board in an amount equal to that of the required surety on conditions as prescribed in this subsection (2). In the discretion of the board. surety requirements inay also be fulfilled by using other lands. property, or existing reclaimed areas if owned by the oper- e nn .tuA v/orA'~~c, addul by Me, -~'~ -24-