REV105491

• Permit No: C1981020
• IBM Index Class Name: Revision
• Doc Date: 10/20/1992
• Doc Name: FAX COVER
• From: DMG
• To: GRAND VALLEY COAL CO
• Type & Sequence: RN2
• Media Type: D
• Archive: No

DIVISION OF MINERALS AND GEOLOGY
Department of Natural Resources '
1313 Sherman Sr, Room 215
Denver, CO 80203
Phone: [phone]
FAX: [phone]
DATE: October 19, 1992
T0: Janet Binns
FROM: Debbie Mulloy
STATE OF COLORADO
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Roy Romer
Governor
Michael B. Long
Uinsion Director
RE: Treasury Bonds/Notes Requirements
Per our recent conversation regarding requirements for treasury bonds posted
as a reclamation bond, the following should be met:
A book-entry Treasury security may consist of a Treasury bond, note, or
bill issued under the Second Liberty Bond Act. With book-entry deposits,
no actual handling of the physical securities themselves is involved.
These securities are held in the book-entry system of a Federal Reserve
Bank (FRB).
2. The security may be purchased from a Federal Reserve bank directly or
from a broker. The book-entry security must be purchased in a sum equal
at its face value to the amount of bond required.
3. The permittee must be the owner of the security. The permittee must
provide the State of Colorado/Mined Land Reclamation Board with a copy of
their "Statement of Account" or the broker's receipt showing the
permittee as the registered owner along with Mined Land Reclamation's
"Coal Reclamation Bond for Use With U.S. Treasury Note" form and a "Power
of Attorney" to collect, sell, transfer, or assign the security in the
case of default (bond forfeiture).
4. The permittee must have their commercial bank pledge the security to the
account of the State of Colorado/Mined Land Reclamation Board (and U.S.
Government/Office of Surface Mining Reclamation and Enforcement, if
federal mine) through the nearest Federal Reserve bank. The Federal
Reserve will then issue a joint custody receipt in the names of the
commercial bank, the MLRB and OSM and mail this receipt to the bank, who
in turn, needs to mail the receipt to the Division of Minerals and
Geology, Mined Land Reclamation Office, 1313 Sherman Street, Room 215,
Denver, Colorado 80203 for safekeeping.
6. The Tax ID number used must be the permittee's. All interest accrued
will go direct to the permittee.
If you have any questions, please contact Deborah Mulloy of this office at
[phone].
5145E