21—86.5(214A) Terminable events.

1. 86.5(1)  A retail dealer shall notify the department when a terminable event is planned to occur, is occurring, or has occurred. Failure to notify the department may result in the termination of a class 1 waiver, class 2 waiver, or small retail motor fuel site exemption. The department may also suspend or revoke the retail dealer’s license.

2. 86.5(2)  A terminable event includes:

   1. a. The failure of a retail dealer to be licensed as required under Iowa Code section 214.2 to use a commercial weighing and measuring device when dispensing gasoline at the retail motor fuel site;
   2. b. The cessation of the retail dealer’s business of advertising for sale or selling gasoline at the retail motor fuel site;
   3. c. The installation, replacement, or conversion of a gasoline storage tank located at the retail motor fuel site.

[ARC 6732C, IAB 12/14/22, effective 1/18/23]