§ 26-56-303 - Suppliers and dealers -- Licenses and bonds. - Arkansas Statutes

26-56-303. Suppliers and dealers -- Licenses and bonds.

(a) No person shall engage in the business of a liquefied gas special fuels supplier or dealer in this state until that person has filed an application for and obtained a liquefied gas special fuels supplier's or dealer's license.

(b) (1) Application for licenses shall be filed on a form prescribed by Director of the Department of Finance and Administration and verified by affidavit, and shall show the name, address, and kind of business of the applicant, a designation of the applicant's principal place of business, and such other pertinent information as the director may require.

(2) The application must also contain as a condition to the issuance of the license an agreement under oath by the applicant to comply with the requirements of this subchapter and the rules and regulations of the director.

(c) (1) Before any such application may be approved by the director, the applicant shall file a bond with surety satisfactory to the director, payable to the State of Arkansas, and conditioned upon the applicant's compliance with the provisions of this subchapter and the rules and regulations of the director.

(2) The bond is to be in the sum of not less than five hundred dollars ($500) and not more than twenty thousand dollars ($20,000), the amount to be in each case fixed by the director. However, the amount of the bond may be increased or decreased within the aforementioned limits by the director at any time.

(3) No bond shall be cancelled by the sureties thereon until the expiration of sixty (60) days after receipt of notice of the cancellation by the director, and such cancellation shall have no retroactive effect.

(d) Upon approval of the application and bond, the director shall issue to the applicant a nontransferable liquefied gas special fuels supplier's license or dealer's license, as the case may be, bearing a distinctive number.

(e) The license shall remain in full force until surrendered, suspended, revoked, or cancelled in the manner provided in this subchapter.

(f) (1) Each liquefied gas special fuels supplier or dealer shall make application for and secure a duplicate of his or her license for each station or facility operated by such supplier or dealer at which liquefied gas special fuels are sold or used.

(2) The application shall be made on a form prescribed by the director showing the name, address, and the supplier or dealer license number of the applicant, the location of the station or facility for which the duplicate is applied, and such other pertinent information as the director may require.

(3) Upon approval of the application, the director shall issue to the applicant a nontransferable duplicate of the liquefied gas special fuels supplier's or dealer's license.

(g) There shall be displayed in a conspicuous place at each station or facility where liquefied gas special fuels are sold or used the original or duplicate liquefied gas special fuels supplier's or dealer's license under which the station or facility is operated.