{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-2211.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-2211.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-2211.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-2211.html"}],"law_id":73552,"edition_id":1,"section_id":73552,"structure_id":13669,"section_number":"58.1-2211","catch_line":"Bond or certificate of deposit requirements","history":"2000, cc. 729, 758; 2006, c. 594.","full_text":"A\n\nAn applicant for a license as a terminal operator, supplier, importer, blender, permissive supplier, distributor, or aviation consumer shall file with the Commissioner a bond or certificate of deposit. The bond or certificate of deposit shall be conditioned upon compliance with the requirements of this chapter, be payable to the Commonwealth, and be in the form required by the Commissioner. The amount of the bond or certificate of deposit shall be as follows:1\n\nFor an applicant for a license as a (i) terminal operator, (ii) supplier who is a position holder or a person who receives motor fuel pursuant to a two-party exchange, (iii) bonded importer, or (iv) permissive supplier, the amount shall be $2,000,000; and2\n\nFor an applicant for a license as (i) a supplier who is a fuel alcohol provider but is neither a position holder nor a person who receives motor fuel pursuant to a two-party exchange; (ii) an occasional importer; (iii) a distributor; (iv) a blender; or (v) an aviation consumer, the amount shall be three times the applicant’s average expected monthly tax liability under this chapter, as determined by the Commissioner. The amount shall not be less than $2,000 nor more than $300,000.B\n\nAn applicant for a license both as a distributor and as a bonded importer shall file only the bond or certificate of deposit required of a bonded importer. An applicant for two or more of the licenses listed in subdivision A 2 may file one bond or certificate of deposit that covers the combined liabilities of the applicant under all the activities, in which event the amount of the bond or certificate of deposit for the combined activities shall not exceed $300,000.C\n\nWhen notified to do so by the Commissioner, a person who has filed a bond or certificate of deposit and who holds a license listed in subdivision A 2 shall file an additional bond or certificate of deposit in the amount required by the Commissioner. The person shall file the additional bond or certificate of deposit within thirty days after receiving the notice from the Commissioner. However, the amount of the initial bond or certificate of deposit and any additional bond or certificate of deposit filed by the licensee shall not exceed $300,000.\n\t\t\tAny licensee who disagrees with the Commissioner’s decision requiring new or additional security shall be entitled to a hearing. Such matter shall, within thirty days, be scheduled for a prompt hearing before the Commissioner after written request for such hearing is received by the Commissioner.","order_by":null,"text":{"0":{"id":264621,"text":"An applicant for a license as a terminal operator, supplier, importer, blender, permissive supplier, distributor, or aviation consumer shall file with the Commissioner a bond or certificate of deposit. The bond or certificate of deposit shall be conditioned upon compliance with the requirements of this chapter, be payable to the Commonwealth, and be in the form required by the Commissioner. The amount of the bond or certificate of deposit shall be as follows:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":264622,"text":"For an applicant for a license as a (i) terminal operator, (ii) supplier who is a position holder or a person who receives motor fuel pursuant to a two-party exchange, (iii) bonded importer, or (iv) permissive supplier, the amount shall be $2,000,000; and","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":264623,"text":"For an applicant for a license as (i) a supplier who is a fuel alcohol provider but is neither a position holder nor a person who receives motor fuel pursuant to a two-party exchange; (ii) an occasional importer; (iii) a distributor; (iv) a blender; or (v) an aviation consumer, the amount shall be three times the applicant’s average expected monthly tax liability under this chapter, as determined by the Commissioner. The amount shall not be less than $2,000 nor more than $300,000.","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"B"},"3":{"id":264624,"text":"An applicant for a license both as a distributor and as a bonded importer shall file only the bond or certificate of deposit required of a bonded importer. An applicant for two or more of the licenses listed in subdivision A 2 may file one bond or certificate of deposit that covers the combined liabilities of the applicant under all the activities, in which event the amount of the bond or certificate of deposit for the combined activities shall not exceed $300,000.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A2","next_prefix":"C"},"4":{"id":264625,"text":"When notified to do so by the Commissioner, a person who has filed a bond or certificate of deposit and who holds a license listed in subdivision A 2 shall file an additional bond or certificate of deposit in the amount required by the Commissioner. The person shall file the additional bond or certificate of deposit within thirty days after receiving the notice from the Commissioner. However, the amount of the initial bond or certificate of deposit and any additional bond or certificate of deposit filed by the licensee shall not exceed $300,000.\n\t\t\tAny licensee who disagrees with the Commissioner’s decision requiring new or additional security shall be entitled to a hearing. Such matter shall, within thirty days, be scheduled for a prompt hearing before the Commissioner after written request for such hearing is received by the Commissioner.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":13669,"edition_id":1,"name":"Motor Fuel Licensing","identifier":"2","label":"article","depth":4,"order_by":1,"parent_id":13668,"metadata":{},"date_created":"2026-06-26 03:45:31","date_modified":"2026-06-26 03:45:31","permalink":{"id":255361,"object_type":"structure","relational_id":13669,"identifier":"2","token":"58.1\/II\/22\/2","url":"\/58.1\/II\/22\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13668,"edition_id":1,"name":"Virginia Fuels Tax Act","identifier":"22","label":"chapter","depth":3,"order_by":1,"parent_id":12730,"metadata":{},"date_created":"2026-06-26 03:45:31","date_modified":"2026-06-26 03:45:31","permalink":{"id":255331,"object_type":"structure","relational_id":13668,"identifier":"22","token":"58.1\/II\/22","url":"\/58.1\/II\/22\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12730,"edition_id":1,"name":"Taxes Administered by Other Agencies","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12703,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":255261,"object_type":"structure","relational_id":12730,"identifier":"II","token":"58.1\/II","url":"\/58.1\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12703,"edition_id":1,"name":"Taxation","identifier":"58.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":251959,"object_type":"structure","relational_id":12703,"identifier":"58.1","token":"58.1","url":"\/58.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":81731,"structure_id":13669,"section_number":"58.1-2204","catch_line":"Persons required to be licensed","url":"\/58.1-2204\/","token":"58.1\/II\/22\/2\/58.1-2204","metadata":false},{"id":74868,"structure_id":13669,"section_number":"58.1-2205","catch_line":"Types of importers; qualification for license as an importer","url":"\/58.1-2205\/","token":"58.1\/II\/22\/2\/58.1-2205","metadata":false},{"id":76248,"structure_id":13669,"section_number":"58.1-2206","catch_line":"Persons who may obtain a license","url":"\/58.1-2206\/","token":"58.1\/II\/22\/2\/58.1-2206","metadata":false},{"id":62225,"structure_id":13669,"section_number":"58.1-2207","catch_line":"Restrictions on qualification for license as a distributor","url":"\/58.1-2207\/","token":"58.1\/II\/22\/2\/58.1-2207","metadata":false},{"id":54646,"structure_id":13669,"section_number":"58.1-2208","catch_line":"License application procedure","url":"\/58.1-2208\/","token":"58.1\/II\/22\/2\/58.1-2208","metadata":false},{"id":59009,"structure_id":13669,"section_number":"58.1-2209","catch_line":"Supplier election to collect tax on out-of-state removals","url":"\/58.1-2209\/","token":"58.1\/II\/22\/2\/58.1-2209","metadata":false},{"id":61632,"structure_id":13669,"section_number":"58.1-2210","catch_line":"Permissive supplier election to collect tax on out-of-state removals","url":"\/58.1-2210\/","token":"58.1\/II\/22\/2\/58.1-2210","metadata":false},{"id":73552,"structure_id":13669,"section_number":"58.1-2211","catch_line":"Bond or certificate of deposit requirements","url":"\/58.1-2211\/","token":"58.1\/II\/22\/2\/58.1-2211","metadata":false},{"id":81520,"structure_id":13669,"section_number":"58.1-2212","catch_line":"Grounds for denial of license","url":"\/58.1-2212\/","token":"58.1\/II\/22\/2\/58.1-2212","metadata":false},{"id":58607,"structure_id":13669,"section_number":"58.1-2213","catch_line":"Issuance of license","url":"\/58.1-2213\/","token":"58.1\/II\/22\/2\/58.1-2213","metadata":false},{"id":62356,"structure_id":13669,"section_number":"58.1-2214","catch_line":"Notice of discontinuance, sale or transfer of business","url":"\/58.1-2214\/","token":"58.1\/II\/22\/2\/58.1-2214","metadata":false},{"id":82804,"structure_id":13669,"section_number":"58.1-2215","catch_line":"License cancellation","url":"\/58.1-2215\/","token":"58.1\/II\/22\/2\/58.1-2215","metadata":false},{"id":82454,"structure_id":13669,"section_number":"58.1-2216","catch_line":"Records and lists of license applicants and licensees","url":"\/58.1-2216\/","token":"58.1\/II\/22\/2\/58.1-2216","metadata":false}],"previous_section":{"id":61632,"structure_id":13669,"section_number":"58.1-2210","catch_line":"Permissive supplier election to collect tax on out-of-state removals","url":"\/58.1-2210\/","token":"58.1\/II\/22\/2\/58.1-2210","metadata":false},"next_section":{"id":81520,"structure_id":13669,"section_number":"58.1-2212","catch_line":"Grounds for denial of license","url":"\/58.1-2212\/","token":"58.1\/II\/22\/2\/58.1-2212","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-2211\/","history_text":"

This law was first created in 2000. The record of its establishment is cataloged in chapters 729<\/a> and 758<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2006, chapter 594<\/a>.<\/p>","references":[{"id":82804,"section_number":"58.1-2215","catch_line":"License cancellation","order_by":null,"url":"\/58.1-2215\/"},{"id":70786,"section_number":"58.1-2246","catch_line":"Bond or certificate of deposit requirements","order_by":null,"url":"\/58.1-2246\/"}],"refers_to":false,"permalink":{"id":255391,"object_type":"law","relational_id":73552,"identifier":"58.1-2211","token":"58.1\/II\/22\/2\/58.1-2211","url":"\/58.1-2211\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-2211\/","token":"58.1\/II\/22\/2\/58.1-2211","dublin_core":{"Title":"Bond or certificate of deposit requirements","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-2211","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> An applicant for a license as a terminal operator<\/span>, supplier, importer<\/span>, blender<\/span>, permissive supplier<\/span>, distributor<\/span>, or aviation consumer<\/span> shall file with the Commissioner<\/span> a bond<\/span> or certificate of deposit. The bond<\/span> or certificate of deposit shall be conditioned upon compliance with the requirements of this chapter, be payable to the Commonwealth, and be in the form required by the Commissioner<\/span>. The amount of the bond<\/span> or certificate of deposit shall be as follows: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> For an applicant for a license as a (i) terminal operator<\/span>, (ii) supplier who is a position holder<\/span> or a person<\/span> who receives motor fuel<\/span> pursuant to a two-party<\/span> exchange<\/span>, (iii) bonded importer<\/span>, or (iv) permissive supplier<\/span>, the amount shall be $2,000,000; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> For an applicant for a license as (i) a supplier who is a fuel alcohol provider<\/span> but is neither a position holder<\/span> nor a person<\/span> who receives motor fuel<\/span> pursuant to a two-party<\/span> exchange<\/span>; (ii) an occasional importer<\/span>; (iii) a distributor<\/span>; (iv) a blender<\/span>; or (v) an aviation consumer<\/span>, the amount shall be three times the applicant’s average expected monthly tax liability under this chapter, as determined by the Commissioner<\/span>. The amount shall not be less than $2,000 nor more than $300,000. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> An applicant for a license both as a distributor<\/span> and as a bonded importer<\/span> shall file only the bond<\/span> or certificate of deposit required of a bonded importer<\/span>. An applicant for two or more of the licenses listed in subdivision A 2 may file one bond<\/span> or certificate of deposit that covers the combined liabilities of the applicant under all the activities, in which event the amount of the bond<\/span> or certificate of deposit for the combined activities shall not exceed $300,000. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> When notified to do so by the Commissioner<\/span>, a person<\/span> who has filed a bond<\/span> or certificate of deposit and who holds a license listed in subdivision A 2 shall file an additional bond<\/span> or certificate of deposit in the amount required by the Commissioner<\/span>. The person<\/span> shall file the additional bond<\/span> or certificate of deposit within thirty days after receiving the notice from the Commissioner<\/span>. However, the amount of the initial bond<\/span> or certificate of deposit and any additional bond<\/span> or certificate of deposit filed by the licensee<\/span> shall not exceed $300,000.\n\t\t\tAny licensee<\/span> who disagrees with the Commissioner<\/span>’s decision requiring new or additional security shall be entitled to a hearing<\/span>. Such matter shall, within thirty days, be scheduled for a prompt hearing<\/span> before the Commissioner<\/span> after written request for such hearing<\/span> is received by the Commissioner<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nBOND OR CERTIFICATE OF DEPOSIT REQUIREMENTS (\u00a7 58.1-2211)\n\nA. An applicant for a license as a terminal operator, supplier, importer,\nblender, permissive supplier, distributor, or aviation consumer shall file with\nthe Commissioner a bond or certificate of deposit. The bond or certificate of\ndeposit shall be conditioned upon compliance with the requirements of this\nchapter, be payable to the Commonwealth, and be in the form required by the\nCommissioner. The amount of the bond or certificate of deposit shall be as\nfollows:\n\n 1. For an applicant for a license as a (i) terminal operator, (ii) supplier\n who is a position holder or a person who receives motor fuel pursuant to a\n two-party exchange, (iii) bonded importer, or (iv) permissive supplier, the\n amount shall be $2,000,000; and\n\n 2. For an applicant for a license as (i) a supplier who is a fuel alcohol\n provider but is neither a position holder nor a person who receives motor fuel\n pursuant to a two-party exchange; (ii) an occasional importer; (iii) a\n distributor; (iv) a blender; or (v) an aviation consumer, the amount shall be\n three times the applicant’s average expected monthly tax liability under\n this chapter, as determined by the Commissioner. The amount shall not be less\n than $2,000 nor more than $300,000.\n\nB. An applicant for a license both as a distributor and as a bonded importer\nshall file only the bond or certificate of deposit required of a bonded\nimporter. An applicant for two or more of the licenses listed in subdivision A 2\nmay file one bond or certificate of deposit that covers the combined liabilities\nof the applicant under all the activities, in which event the amount of the bond\nor certificate of deposit for the combined activities shall not exceed $300,000.\n\nC. When notified to do so by the Commissioner, a person who has filed a bond or\ncertificate of deposit and who holds a license listed in subdivision A 2 shall\nfile an additional bond or certificate of deposit in the amount required by the\nCommissioner. The person shall file the additional bond or certificate of\ndeposit within thirty days after receiving the notice from the Commissioner.\nHowever, the amount of the initial bond or certificate of deposit and any\nadditional bond or certificate of deposit filed by the licensee shall not exceed\n$300,000.\n\t\t\tAny licensee who disagrees with the Commissioner’s decision requiring\nnew or additional security shall be entitled to a hearing. Such matter shall,\nwithin thirty days, be scheduled for a prompt hearing before the Commissioner\nafter written request for such hearing is received by the Commissioner.\n\nHISTORY: 2000, cc. 729, 758; 2006, c. 594.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}