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Colorado Prospector - Gem and mineral prospecting and mining forums _ Prospecting and Mining Laws, Regulations etc. _ HB 18-1301
Posted by: EMac Mar 21 2018, 11:28 AM
I haven't read it yet, but wanted to share for discussion since it was introduced this week: https://leg.colorado.gov/sites/default/files/documents/2018A/bills/2018a_1301_01.pdf
Posted by: Denise Apr 1 2018, 08:24 PM
Thanks for posting this Eric! I notice that it seems to make it more difficult to bond for reclamation.
QUOTE
Current law allows a mining permittee to submit an audited
financial statement as proof that the operator has sufficient funds to meet
its reclamation liabilities in lieu of a bond or other financial assurance.
Section 2 eliminates this self-bonding option and also requires that all
reclamation bonds include financial assurances in an amount sufficient to
protect water quality, including costs for any necessary treatment and
monitoring costs.
financial statement as proof that the operator has sufficient funds to meet
its reclamation liabilities in lieu of a bond or other financial assurance.
Section 2 eliminates this self-bonding option and also requires that all
reclamation bonds include financial assurances in an amount sufficient to
protect water quality, including costs for any necessary treatment and
monitoring costs.
(Still reading it all......for the third time)
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