Full Version: HB 18-1301
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I haven't read it yet, but wanted to share for discussion since it was introduced this week: HB-1301 CONCERNING THE PROTECTION OF WATER QUALITY FROM ADVERSE IMPACTS CAUSED BY MINERAL MINING
Thanks for posting this Eric! I notice that it seems to make it more difficult to bond for reclamation.
(Still reading it all......for the third time)
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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