17 NCAC 12d .0102         aMOUNT OF bOND REQUIRED

The amount of bond required of a licensed kerosene distributor or a kerosene supplier pursuant to G.S. 119-15.3 shall be based on the kerosene distributor's or supplier's average monthly taxable sales and use of kerosene in North Carolina, as follows:

From                                      1              to                                 60,000 gallons per month                            $      500

From                             60,001            to                               100,000 gallons per month                                 1,000

From                           100,001           to                               300,000 gallons per month                                 2,500

From                           300,001           to                               600,000 gallons per month                                 5,000

From                           600,001           to                               900,000 gallons per month                                 7,500

From                           900,001           to                            1,200,000 gallons per month                               10,000

From                        1,200,001           to                            1,500,000 gallons per month                               12,500

From                        1,500,001           to                            1,800,000 gallons per month                               15,000

From                        1,800,001           to                            2,000,000 gallons per month                               17,500

From                        2,000,001           and over                                  gallons per month                               20,000

History Note:        Authority G.S. 105-262; 119-15.1; 119-15.3;

Eff. January 1, 1983;

Recodified from 17 NCAC 09J .0202 effective November 1, 2002;

Amended Eff. August 1, 2003;

Readopted Eff. November 1, 2017.