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authority, the Division and Board issue and enforce permits for the conduct of surface coal <br /> mining and reclamation operations according to standards and requirements set forth in the <br /> Reclamation Act. See ems., §§ 34-33-103(16) and 119, C.R.S. Specifically, the Reclamation <br /> Act provides standards and requirements for permit applications and for reclamation. See , <br /> §§ 34-33-110, 111, and 120, C.R.S. In addition, if, after a permit is revoked, the Board forfeits <br /> the bond given by the operator to ensure reclamation of the mine site, the Division, by statute, <br /> must use the proceeds from the bond for reclamation of the area covered by the bond. § 34-33- <br /> 124(4), C.R.S. <br /> After years of mining, Mid-Continent Resources went bankrupt in 1992. Amended <br /> Third-Parry Complaint,¶9. In April 1994,the bankruptcy court confirmed a Second Amended <br /> Plan of Liquidation. Amended Third-Party Complaint, ¶ 14. The plan, its amendments and the <br /> Confirming Order are attached as Exhibit 2 to Mid-Continent Resources and the Creditors' <br /> Trustee's Answer to the Complaint and shall hereinafter be referred to as the "Liquidation Plan." <br /> The Liquidation Plan provides, among other things, that the Board is to receive $3 <br /> million less: <br /> 1) the net proceeds from the sale of the rockdust plant(a deed of trust to the plant was <br /> the bond instrument Mid-Continent Resources submitted to ensure reclamation); <br /> 2) the costs set forth in the reclamation bond for work done by Machinery & Equipment, <br /> Co. pursuant to a court-approved contract as such work is actually performed; and <br /> 3) the cost of reclamation work done prior to the effective date of the Liquidation Plan <br /> (July 14, 1994), pursuant to cash collateral orders entered by the bankruptcy court, the cost of <br /> 2 <br />