Ala. Admin. Code r. 810-8-1-.29

Current through Register Vol. 43, No. 1, October 31, 2024

Section 810-8-1-.29 - Deposits In Lieu Of Surety Bonds

(1) Those licensees listed in § 40-17-335, where a surety bond is required may, in lieu of posting a surety bond, deposit with the department certified funds equivalent to the amount of bond fixed by the department.

(2) The deposit must be sent directly to the Business and License Tax Division.

Readopted through APA effective October 1, 1982. Amendment *December 14, 1987. Amended: Filed December 18, 2008; effective January 22, 2009. Amended: Filed June 29, 2012; effective August 3, 2012.

Amended by Alabama Administrative Monthly Volume XXXVII, Issue No. 12, September 30, 2020, eff. 11/14/2019.

The December 14, 1987, amendment was not published. The amendment only involved a division name change.

Authors: Steve DuBose, Bonita Calhoun

Statutory Authority:Code of Ala. 1975, §§ 40-2A-7(a)(5), 40-17-323, 40-17-335.