PURPOSE: This rule clarifies the bonding requirements of motor fuel/special fuel distributors effective January 1, 1992.

1. (1) Effective January 1, 1992 the minimum bond for motor fuel distributors and special fuel distributors is five thousand dollars ($5000) and the maximum bond is one hundred thousand dollars ($100,000).
2. (2) Any motor fuel distributor whose present bond is at the maximum of twenty-five thousand dollars ($25,000), prior to January 1, 1992, will be exempt from increasing its bond, provided that distributor has met satisfactory tax compliance for a period of at least four (4) consecutive years prior to January 1, 1992. If a distributor becomes delinquent in filing reports or paying taxes, s/he may be required to increase the bond pursuant to section 142.100, RSMo.
3. (3) Any special fuel distributor who currently does not meet the minimum bond requirements, or who does not have five (5) years of satisfactory tax compliance, will be required to increase his/her bond to the minimum of five thousand dollars ($5000).

AUTHORITY: sections 142.300 and 142.621, RSMo 1986. Original rule filed Jan. 31, 1992, effective June 25, 1992.