01-001-131 Me. Code R. § 2

Current through 2024-44, October 30, 2024

Section 001-131-2 - Bonding Schedule

A. A license shall file a bond with the Commissioner within thirty (30) days of the date upon which he files his application for license.

B. The amount of a licensee's bond shall be determined by the greatest quantity of dry beans in which the licensee deals during any thirty (30) day period. The schedule of bonding shall be as follows:

Commodity Amount Bond Required

Up to 10,000 pounds in any 30 day period $ 5,000

10,000 to 20,000 " " " " " " $10,000

20,000 to 30,000 " " " " " " $15,000

30,000 to 40,000 " " " " " " $20,000

40,000 to 50,000 " " " " " " $25,000

50,000 to 60,000 " " " " " " $30,000

60,000 to 70,000 " " " " " " $35,000

70,000 to 80,000 " " " " " " $40,000

80,000 to 90,000 " " " " " " $45,000

90,000 to 100,000 " " " " " " $50,000

100,000 to 110,000 " " " " " " $55,000

110,000 to 120,000 " " " " " " $60,000

120,000 to 130,000 " " " " " " $65,000

130,000 to 140,000 " " " " " " $70,000

140,000 to 150,000 " " " " " " $75,000

150,000 to 160,000 " " " " " " $80,000

160,000 to 170,000 " " " " " " $85,000

170,000 to 180,000 " " " " " " $90,000

180,000 to 190,000 " " " " " " $95,000

190,000 to 200,000 " " " " " " $100,000

01-001 C.M.R. ch. 131, § 2