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MRR 04 '94 11:00 COLOR~MINING RS_4Y 303 8948416 • P.7i9 6 conditions within 10 years, the Hoard and operator may agree to substitute other unreclaimed lands not covered by previous Colorado reclamation laws. c. With the approval of the Board, reclamation may be accomplished on substitute lands to discharge an operator's permit obligations. SDRETY RE9QIRENENTS The Board is given rather broad discretion in requiring either a bond or some other form of security to quar~antee performance of the reclamation work. The amount is to be based on the cost of reclaiming laada actually disturbed during various stages of the mining operation. Past record of responsibility, financial status and the like are the factors to be considered by the Soard in deter- mining the form of surety to be required or whether the guarantee of a corporate surety bond is to be required. The amount required to be posted can be increased or decreased as appropriate to the progress of the mining operation. Cancellation and substitution procedures are specified. Bonds must be released 15 days after the' Board's failure to inspect the reclamation within 60 days of the filing of a notice of completion. In any case, bonds may not be held more than one year beyond the completion of reclamation. Forfeiture proceedings may be instituted by the Attorney General where there has b~:en noncompliance with the Board's orders. Corporate sureties have the option of reclaiming the land or forfeiting the bond penalty. The Board may reclaim land which has been the subject of a forfeiture; however, forfeited money goes into the state's general fund, thereby requiring a legislative appropriation if the Board is to undertake reclamation work. LIMITED IMPACT OPERATIONS Limited Impact Operations are those affecting less than ten acres where 1@66 than 70,OOO.tone of mineral or overburden are extracted per calendar year. Limited Impact Operations are subject to the same reclamation requirements imposed on all operations; however, BB .L065 provides for a somewhat simplified permit application procedure. A little less information is required, and the fees are reduced. Applications require the operator's name and address, identification of the surface and subsurface owners, a statement as to the size of the operation, a location map showing roads and access to the operation, a description of the type of operation, and a discussion of measures to be taken to comply with the duties imposed on operators.