17 NCAC 12A .0302         AMOUNT OF BOND REQUIRED

For motor carrier bonds exceeding five hundred dollars ($500.00), the amount of bond shall be rounded to the nearest one thousand dollars ($1,000.00).  If the amount required is exactly between two one thousand dollar ($1,000.00) increments, the amount shall be rounded to the higher of the two.

History Note:        Authority G.S. 105‑262; 105‑449.40;

Eff. January 1, 1983;

Amended Eff. January 1, 1994; January 1, 1992;

Recodified from 17 NCAC 09I .0303 effective November 1, 2002;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. August 20, 2016.