Iowa Admin. Code r. 701—232.3(453A) — Distributor bond

232.3(1) Generally. A bond in the amount of $1,000 is required to be posted before a distributor’s permit can be issued, regardless of whether or not the distributor is permitted and bonded as a cigarette permittee. 232.3(2) Aggregation. If the distributor has a cigarette permit of any kind and is required to post a bond thereunder, the amount of the cigarette bond(s) and the tobacco bond(s) may be aggregated to reach a single bond requirement, and the distributor may provide a single bond in the aggregate amount provided the bond may be used to discharge either a cigarette tax liability or a tobacco tax liability. Rule 701—230.4(453A) provides more information about bonds.