(a) Prior to the issuance or renewal of any license under this subchapter, the Director of the Department of Finance and Administration shall require the applicant to procure a suitable surety bond in the principal sum of six thousand dollars ($6,000) to insure the faithful and prompt payment of all sales taxes, use taxes, or privilege taxes which may become due in connection with the operation of the licensed business and to secure the faithful performance of all duties and obligations imposed by this subchapter.
(b) No surety bond is required prior to the issuance of a license under this subchapter to an applicant who restricts the placement of amusement devices to carnivals and county, district, and state fairs for a period not exceeding three (3) months in any one (1) calendar year.
Section: Previous 26-57-404 26-57-405 26-57-406 26-57-407 26-57-408 26-57-409 26-57-410 26-57-411 26-57-412 26-57-413 26-57-414 26-57-415 26-57-416 26-57-417 26-57-418 NextLast modified: November 15, 2016