Amount Of Bond Required

The amount of bond required of a licensed kerosene distributor or a kerosene supplier pursuant to G.S. 119-15.3 shall be based on the kerosene distributor's or supplier's average monthly taxable sales and use of kerosene in North Carolina, as follows: From 1 to 60,000 gallons per month $ 500 From 60,001 to 100,000 gallons per month 1,000 From 100,001 to 300,000 gallons per month 2,500 From 300,001 to 600,000 gallons per month 5,000 From 600,001 to 900,000 gallons per month 7,500 From 900,001 to 1,200,000 gallons per month 10,000 From 1,200,001 to 1,500,000 gallons per month 12,500 From 1,500,001 to 1,800,000 gallons per month 15,000 From 1,800,001 to 2,000,000 gallons per month 17,500 From 2,000,001 and over gallons per month 20,000