South Carolina Statutes
§ 12-28-1170 — Time for securing new bond or additional deposit; cancellation of license for unsatisfactory new bond or cash deposit.
(A)If the department reasonably determines that the amount of the existing bond or cash deposit is insufficient to ensure payment to the State of the user fee and any penalty and interest for which the licensee is or may become liable, upon written demand of the department, the licensee shall file a new bond or increase the cash deposit. The department shall allow the licensee at least fifteen days to secure the increased bond or cash deposit.
(B)The new bond or cash deposit must meet the requirements set forth in this chapter.
(C)If the new bond or cash deposit required under this section is unsatisfactory, the department shall cancel the licensee's license certificate.
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South Carolina § 12-28-1170 (Time for securing new bond or additional deposit; cancellation of license for unsatisfactory new bond or cash deposit.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1995 Act No. 136, SECTION 2.
Nearby Sections
15
§ 12-28-110
Definitions.§ 12-28-1100
Supplier's license; fee.§ 12-28-1105
Permissive supplier's license; fee.§ 12-28-1110
Terminal operator's license; fee.§ 12-28-1115
Exporter's license; fee.§ 12-28-1120
Transporter's license; fee.§ 12-28-1130
Tank wagon operator-importer license; fee.§ 12-28-1135
Fuel vendor license; fee.§ 12-28-1139
Miscellaneous fuel user fee license; fee.§ 12-28-1140
Application for a license.§ 12-28-1145
Investigation of applicant for a license.§ 12-28-1150
Fingerprinting provisions; exemptions.