Code of Colorado Regulations
1200 - Department of Agriculture
1202 - Inspection and Consumer Services Division
8 CCR 1202-11 - ADMINISTRATION AND ENFORCEMENT OF THE COMMODITY HANDLER AND FARM PRODUCTS ACT, SECTIONS 35-36-101 THROUGH 314, C.R.S.
Part 10 - Financial Assurance Requirements

10.1.1. Submit a financial statement within ninety (90) calendar days after fiscal year end that conforms to the applicable requirements of sections 35-36-204(1)(b) and 35-36-307(3), C.R.S.

10.1.2. The Department may grant an extension of no more than sixty (60) calendar days, if requested in writing by a licensee or applicant prior to the date the financial statement is due.

10.1.3. The financial statement must consist of the following documents prepared in accordance with generally accepted accounting principles (GAAP):

* A balance sheet;

* A statement of income; and

* Financial statement notes, if any.

10.1.4. If the financial statement is restated, recalculated, or republished, the licensee must notify the Department in writing within seven (7) calendar days.

10.2.1. In addition to the requirements in Part 10.1 of this rule, a public warehouse must also have and maintain a total allowable net worth of at least the amount obtained by multiplying $0.25 by the approved warehouse storage capacity in bushels or by multiplying $1.25 warehouse dry bean storage capacity in hundredweight.

10.2.2. An Additional bond may be required if a public warehouse net worth falls below $0.25/bu. of grain storage capacity and/or $1.25/cwt bean storage capacity.