1999-11-16_REVISION - M1999002 (2)

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Page 78 Hard Rock/Metal Mining Rule 4 tt7(a>(e)(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 may be revoked after sixty (60) days, from 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 requires 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 $100. In addition, the application shall contain a provision that in the event the federal land management agency reduces the Financial Warranty, the Operator must post an acceptable replacement Warranty with the state prior to any 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 110d Operations rro(~> (1) This Paragraph shall be applicable to Financial Warranties provided for Permits applied for pursuant to Section 34-32-110(1), C.R.S., 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 34-32-110{2), C.R.S., including those which are automatically issued as a result of Office inaction within 30 days pursuant to the Act (Section 34-32-110(7), C.R.S.) shall be in an amount equal to the estimated cost of reclamation. 4.2.3 Permit Conversion tto('n, tt7(4) 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 estimated cost of reclamation. 4.2.4 Specific Provisions -Special 111 Operations tll(2>(a) (1) The Financial Warranty for a Special 111 Operation Permit tt7(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 two thousand five hundred dollars ($2,500)