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The Surety Bond Blog

Category Archives: Fuel Bonds

Articles and legislative updates on surety bonds required of sellers, distributors and mixers of fuel.

19
Dec
2011

Alabama Fuel Tax Bond Update

Motor fuel tax laws have been revamped in Alabama by a new bill. The bill is named HB 399 and states that suppliers, permissive suppliers and terminal operators must obtain a surety bond in a quantity equivalent to double the average monthly tax liability, but can’t surpass $2 million. Exporters, blenders, importers, and distributors must read more »




03
May
2010

North Dakota Alternative Fuel Bond

North Dakota implemented a new bill relating to alternative fuels. The new bill, which is named SB 228, provides for the regulation of alternative fuels, also counting biodiesel and E85 gasoline. SB 228 subjects alternative fuels to present law regarding the taxation of fuels, which contains a surety bond requirement. The surety bond required for read more »




09
Nov
2009

New Hampshire Motor Fuel Distributors Bond

On 06/06/2008, a new law was enacted referred to as HB 1641 in the state of New Hampshire. HB 1641 was put in place concerning motor fuel distributors; it escalates the amount of the required surety bond for all motor fuel distributors from double the amount of the distributor’s monthly road toll liability to triple read more »




18
Aug
2009

Wisconsin Petroleum Gas Provider Bond

The state of Wisconsin enacted a law named SB 273. The new law requires all retail providers of liquefied petroleum gas to be licensed; including the preservation of proof of financial accountability in the amount of $1 million per incidence with an annual aggregate of $2 million. The funds generated by the requirement will be read more »




23
Aug
2007

Licensing Woes For New Mortgage Brokers?

Mortgage brokers and lenders have had it easy obtaining surety bonds in recent years. The housing boom brought their industry to an all-time financial high. Their industry is now in a recession and the bonding companies are already changing their policies, which could make life even harder for those in the mortgage industry.




02
Nov
2005

Lowest Bidders Are Not Always Awarded Jobs

Coshocton, Ohio has problems with beat up, pothole filled roads. The scheduled work is months behind due to disputes between Apache Aggregate and Paving, Ohio Asphalt and Paving Company and Coshocton County Commissioners. They were having trouble figuring out who legally should be awarded the job. The funding for the project came from The Round read more »