17 N.C. Admin. Code 12D.0102

Current through Register Vol. 39, No. 11, December 2, 2024

Section 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

17 N.C. Admin. Code 12D .0102

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.

Authority G.S. 105-262; 119-16.2;
Eff. January 1, 1983;
Recodified from 17 NCAC 09J .0202 effective November 1, 2002;
Amended Eff. August 1, 2003.

Readopted by North Carolina Register Volume 32, Issue 11, December 1, 2017 effective 11/1/2017.