Iowa Admin. Code r. 701-255.3

Current through Register Vol. 47, No. 11, December 11, 2024

Rule 701-255.3 - Bond requirements

The amount of the bond required for each permit shall be as follows:

1. Distributor permit - $2,500

2. Wholesaler permit - $2,500

3. Vendor permit - $1,000

4. Railway car retail permit - $500

5. Manufacturer permit - $5,000

6. Distributing agent permit - $2,500

7. Retail permit - $-0-

8. Nonpermittee storing interstate cigarettes - $5,000

If a person is required to obtain more than one type of permit, the bond requirements shall be cumulative and additional bonds or a single bond equal to the total aggregate requirements must be obtained. (See rule 701-254.7 (453A) for the required form of the bond.)

This rule is intended to implement Iowa Code sections 453A.14, 453A.17 and 453A.23.

Iowa Admin. Code r. 701-255.3

ARC 6508C, IAB 9/7/22, effective 10/12/22; Editorial change: IAC Supplement 10/18/23