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~i Pep! Page 78 Hard Rock/Metal Mining Rule 4 tt~(a>(c>(in (7) A Financial Warrantor, Operator or Permittee shall have sixty (60) days after the date of notice of any such adjustment to fulfill all new requirements to provide an alternate warranty required hereunder. The Permit tray be revoked after sixty (60) days, fmm the date of notice of any such adjustment, if the amount of any increased Financial Warranty has not been provided. (8) When mining on federal land and the federal land management agency n~uires that a Financial Warranty be posted with their agency, the amount of Financial Warranty posted with the state shall be the difference between the amount required to be posted by the federal land management agency, and the amount required by the Mined Land Reclamation Board. In no event shall the amount of Financial Warranty posted with the state be less than 5100. In addition, the application shall ~. contain a rovision that in the event the federal land management agenry reduces the Financial Warranty, the Operator must post an acceptab e replacement Warranty with the state prior to anv release by the federal land management agency. The replacement Warranty shall be sufficient to cover the cost of reclamation liability unless the state conducts an inspection and concurs with the federal land management agency finding. 4.2.2 Specific Provisions -Limited Impact 110 and IlOd Operations tro(3) (1) This Paragraph shall be applicable to Financial Warranties provided for Permits applied for pursuant to Section 3432-110(1), C.RS., as of July 1, 1993. The Financial Warranty for a Limited Impact Permit shall be in an amount to be determined by the Office. (2) The Financial Warranty for any Limited Impact Permit which is filed pursuant to Section 3432-110(2), C.RS., including those which are automarically issued as a rt;sult of Office inaction within 30 days pursuant to the Act (Section 3432-110('7), C.RS.) shall be in an amount equal to the estimated cost of reclamation. 4.23 Permit Conversion morn, tn(a) The conversion of any Limited Impact Permit into a Regular 112 or 112d Permit shall require a Financial Warranty in an amount equal to the Pcrimatrrt COSC Of ICClamaflOn. 4.2.4 Specific Provisions -Special 111 Operations rtt(2)(a) (1) The Financial Warranty far a Special 111 Operation Permit 117(a)(a) which is automatically issued as a result of Office inaction within ten (10) working days, pursuant to the Act (Section 34-32-111(6), C.R.S.), shall be in an amount of not less than ta•o thousand five hundred dollars (52,500) roc • 2 CCR 407-1 THE CODE OF COLORADO REGULATIONS