In lieu of furnishing a bond executed by a surety company, as hereinbefore provided, any distributor may furnish the distributor's bond or bonds not so executed, if the distributor concurrently therewith deposits and pledges with the Secretary of the Department of Finance and Administration direct obligations of the United States or obligations of any agency of the United States fully guaranteed by it or bonds of the State of Arkansas of equal full amount to the amount of the bond required by § 26-55-222, as collateral security for the payment of the bonds.
Structure Arkansas Code
Chapter 55 - Motor Fuels Taxes
Subchapter 2 - Motor Fuel Tax Law
§ 26-55-208. Sale of motor fuel exempt from sales or gross receipts tax
§ 26-55-209. Local taxes prohibited
§ 26-55-215. Distributor's license — Issuance of certificate
§ 26-55-216. Distributor's license — Nonassignable
§ 26-55-218. Distributor's license — Expiration
§ 26-55-220. Municipal licenses for distributors
§ 26-55-221. Licenses — Persons other than distributors
§ 26-55-223. Bonds — Deposit or pledge of government obligations as alternative
§ 26-55-236. Failure to file reports, statements, or returns — Falsification — Penalties
§ 26-55-239. Forms for reports or records
§ 26-55-246. Posting price of fuel plus tax
§ 26-55-248. Sale of fuels purchased from other than duly licensed distributor — Penalties