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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) All fees and assessments collected pursuant to this article and five percent of the proceeds of any financial warranty forfeited pursuant to section 34-32.5-123 for administrative costs associated with reclaiming sites for which the financial warranty has been revoked shall be deposited in the mined land reclamation fund, created in section 34-32-127. All civil penalties collected pursuant to this article shall be deposited in the general fund. Ninety-five percent of the proceeds of all financial warranties forfeited under section 34-32.5-118 shall be deposited in a special account in the general fund established by the board for the purpose of reclaiming lands that were required to be reclaimed under permits upon which such financial warranties had been forfeited.
(2) An applicant that desires to use the self-insurance provisions in section 34-32.5-117(3)(f)(IV) to (3)(f)(VII) or (8) shall pay an annual fee to the office sufficient to defray the actual cost to the office of establishing and reviewing the financial warranty of such applicant. Such funds are hereby annually made available to the office, which shall utilize outside financial and legal services for this purpose.
Cite this article: FindLaw.com - Colorado Revised Statutes Title 34. Mineral Resources § 34-32.5-122. Fees, civil penalties, and forfeitures--deposit - last updated January 01, 2025 | https://codes.findlaw.com/co/title-34-mineral-resources/co-rev-st-sect-34-32-5-122/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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