Ala. Admin. Code r. 810-8-1-.29
Deposits In Lieu Of Surety Bonds
Effective Nov 14, 2019Readopted 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: Published October 30, 2019; effective November 14, 2019.Alabama Department of Revenue
- (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.
Author: Steve DuBose, Bonita Calhoun
Statutory Authority: Code of Ala. 1975, §§40-2A-7(a)(5), 40-17-323, 40-17-335.
Editor’s Note: The December 14, 1987, amendment was not published. The amendment only involved a division name change.
History: 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: Published October 30, 2019; effective November 14, 2019.