{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-2246.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-2246.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-2246.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-2246.html"}],"law_id":70786,"edition_id":1,"section_id":70786,"structure_id":15057,"section_number":"58.1-2246","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 (i) provider of alternative fuel, (ii) retailer of alternative fuel or bulk user of alternative fuel who stores highway and nonhighway alternative fuel in the same storage tank, or (iii) retailer of alternative fuel or a bulk user of alternative fuel who wishes to defer the remittance of tax to the provider until the date the provider of alternative fuel is required to pay the tax to the Commonwealth, shall file with the Commissioner a bond or certificate of deposit.B\n\nThe amount of the bond or certificate of deposit shall be three times the applicant’s average expected monthly tax liability under this article, as determined by the Commissioner. The amount shall not be less than $2,000 nor more than $300,000. An applicant who is also required to file a bond or a certificate of deposit under § 58.1-2211 to obtain a license as a distributor of motor fuel may file a single bond or certificate of deposit under § 58.1-2211 for the combined amount and shall not be required to file a bond or certificate of deposit for more than $300,000 for the combined amount.C\n\nA bond or certificate of deposit filed under this section shall be conditioned upon compliance with this chapter, be payable to the Commonwealth, and be in the form required by the Commissioner. The Commissioner may require a bond or a certificate of deposit issued under this section to be adjusted in accordance with the procedure set out in subsection C of § 58.1-2211 for adjusting a bond or certificate of deposit filed by a distributor of motor fuel.","order_by":null,"text":{"0":{"id":255305,"text":"An applicant for a license as a (i) provider of alternative fuel, (ii) retailer of alternative fuel or bulk user of alternative fuel who stores highway and nonhighway alternative fuel in the same storage tank, or (iii) retailer of alternative fuel or a bulk user of alternative fuel who wishes to defer the remittance of tax to the provider until the date the provider of alternative fuel is required to pay the tax to the Commonwealth, shall file with the Commissioner a bond or certificate of deposit.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":255306,"text":"The amount of the bond or certificate of deposit shall be three times the applicant’s average expected monthly tax liability under this article, as determined by the Commissioner. The amount shall not be less than $2,000 nor more than $300,000. An applicant who is also required to file a bond or a certificate of deposit under § 58.1-2211 to obtain a license as a distributor of motor fuel may file a single bond or certificate of deposit under § 58.1-2211 for the combined amount and shall not be required to file a bond or certificate of deposit for more than $300,000 for the combined amount.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":255307,"text":"A bond or certificate of deposit filed under this section shall be conditioned upon compliance with this chapter, be payable to the Commonwealth, and be in the form required by the Commissioner. The Commissioner may require a bond or a certificate of deposit issued under this section to be adjusted in accordance with the procedure set out in subsection C of § 58.1-2211 for adjusting a bond or certificate of deposit filed by a distributor of motor fuel.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":15057,"edition_id":1,"name":"Provisions Applicable to Alternative Fuels","identifier":"5","label":"article","depth":4,"order_by":1,"parent_id":13668,"metadata":{},"date_created":"2026-06-26 03:51:50","date_modified":"2026-06-26 03:51:50","permalink":{"id":255531,"object_type":"structure","relational_id":15057,"identifier":"5","token":"58.1\/II\/22\/5","url":"\/58.1\/II\/22\/5\/","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":85032,"structure_id":15057,"section_number":"58.1-2244","catch_line":"Persons required to be licensed","url":"\/58.1-2244\/","token":"58.1\/II\/22\/5\/58.1-2244","metadata":false},{"id":67610,"structure_id":15057,"section_number":"58.1-2245","catch_line":"License application procedure","url":"\/58.1-2245\/","token":"58.1\/II\/22\/5\/58.1-2245","metadata":false},{"id":70786,"structure_id":15057,"section_number":"58.1-2246","catch_line":"Bond or certificate of deposit requirements","url":"\/58.1-2246\/","token":"58.1\/II\/22\/5\/58.1-2246","metadata":false},{"id":73863,"structure_id":15057,"section_number":"58.1-2247","catch_line":"Issuance, denial or cancellation of license","url":"\/58.1-2247\/","token":"58.1\/II\/22\/5\/58.1-2247","metadata":false},{"id":67302,"structure_id":15057,"section_number":"58.1-2248","catch_line":"Notice of discontinuance, sale or transfer of business","url":"\/58.1-2248\/","token":"58.1\/II\/22\/5\/58.1-2248","metadata":false},{"id":75857,"structure_id":15057,"section_number":"58.1-2249","catch_line":"Tax on alternative fuel","url":"\/58.1-2249\/","token":"58.1\/II\/22\/5\/58.1-2249","metadata":false},{"id":81249,"structure_id":15057,"section_number":"58.1-2250","catch_line":"Exemptions from tax","url":"\/58.1-2250\/","token":"58.1\/II\/22\/5\/58.1-2250","metadata":false},{"id":60252,"structure_id":15057,"section_number":"58.1-2251","catch_line":"Liability for tax; filing returns; payment of tax","url":"\/58.1-2251\/","token":"58.1\/II\/22\/5\/58.1-2251","metadata":false},{"id":69152,"structure_id":15057,"section_number":"58.1-2252","catch_line":"Remittance of tax to provider of alternative fuel","url":"\/58.1-2252\/","token":"58.1\/II\/22\/5\/58.1-2252","metadata":false},{"id":86595,"structure_id":15057,"section_number":"58.1-2253","catch_line":"Notice to providers of alternative fuel of cancellation or reissuance of certain licenses; effect of notice","url":"\/58.1-2253\/","token":"58.1\/II\/22\/5\/58.1-2253","metadata":false},{"id":76033,"structure_id":15057,"section_number":"58.1-2254","catch_line":"Exempt sale deduction","url":"\/58.1-2254\/","token":"58.1\/II\/22\/5\/58.1-2254","metadata":false},{"id":76667,"structure_id":15057,"section_number":"58.1-2255","catch_line":"Returns and payments by bulk users and retailers of alternative fuel; storage","url":"\/58.1-2255\/","token":"58.1\/II\/22\/5\/58.1-2255","metadata":false},{"id":64377,"structure_id":15057,"section_number":"58.1-2256","catch_line":"Deductions and discounts for providers of alternative fuel filing returns","url":"\/58.1-2256\/","token":"58.1\/II\/22\/5\/58.1-2256","metadata":false},{"id":57409,"structure_id":15057,"section_number":"58.1-2257","catch_line":"Duties of provider of alternative fuel as trustee","url":"\/58.1-2257\/","token":"58.1\/II\/22\/5\/58.1-2257","metadata":false},{"id":68904,"structure_id":15057,"section_number":"58.1-2258","catch_line":"Use of name and account number on return","url":"\/58.1-2258\/","token":"58.1\/II\/22\/5\/58.1-2258","metadata":false}],"previous_section":{"id":67610,"structure_id":15057,"section_number":"58.1-2245","catch_line":"License application procedure","url":"\/58.1-2245\/","token":"58.1\/II\/22\/5\/58.1-2245","metadata":false},"next_section":{"id":73863,"structure_id":15057,"section_number":"58.1-2247","catch_line":"Issuance, denial or cancellation of license","url":"\/58.1-2247\/","token":"58.1\/II\/22\/5\/58.1-2247","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-2246\/","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":73863,"section_number":"58.1-2247","catch_line":"Issuance, denial or cancellation of license","order_by":null,"url":"\/58.1-2247\/"},{"id":69152,"section_number":"58.1-2252","catch_line":"Remittance of tax to provider of alternative fuel","order_by":null,"url":"\/58.1-2252\/"},{"id":86595,"section_number":"58.1-2253","catch_line":"Notice to providers of alternative fuel of cancellation or reissuance of certain licenses; effect of notice","order_by":null,"url":"\/58.1-2253\/"},{"id":76033,"section_number":"58.1-2254","catch_line":"Exempt sale deduction","order_by":null,"url":"\/58.1-2254\/"},{"id":64377,"section_number":"58.1-2256","catch_line":"Deductions and discounts for providers of alternative fuel filing returns","order_by":null,"url":"\/58.1-2256\/"},{"id":57409,"section_number":"58.1-2257","catch_line":"Duties of provider of alternative fuel as trustee","order_by":null,"url":"\/58.1-2257\/"},{"id":56450,"section_number":"58.1-2272","catch_line":"Prohibited acts; criminal penalties","order_by":null,"url":"\/58.1-2272\/"}],"refers_to":[{"id":73552,"section_number":"58.1-2211","catch_line":"Bond or certificate of deposit requirements","order_by":null,"url":"\/58.1-2211\/"}],"permalink":{"id":255541,"object_type":"law","relational_id":70786,"identifier":"58.1-2246","token":"58.1\/II\/22\/5\/58.1-2246","url":"\/58.1-2246\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-2246\/","token":"58.1\/II\/22\/5\/58.1-2246","dublin_core":{"Title":"Bond or certificate of deposit requirements","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-2246","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> An applicant for a license as a (i) provider of alternative fuel<\/span>, (ii) retailer of alternative fuel<\/span> or bulk user of alternative fuel<\/span> who stores highway<\/span> and nonhighway alternative fuel in the same storage tank, or (iii) retailer of alternative fuel<\/span> or a bulk user of alternative fuel<\/span> who wishes to defer the remittance of tax to the provider until the date the provider of alternative fuel<\/span> is required to pay the tax to the Commonwealth, shall file with the Commissioner<\/span> a bond<\/span> or certificate of deposit. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The amount of the bond<\/span> or certificate of deposit shall be three times the applicant’s average expected monthly tax liability under this article, as determined by the Commissioner<\/span>. The amount shall not be less than $2,000 nor more than $300,000. An applicant who is also required to file a bond<\/span> or a certificate of deposit under § 58.1-2211<\/a> to obtain a license as a distributor<\/span> of motor fuel<\/span> may file a single bond<\/span> or certificate of deposit under § 58.1-2211<\/a> for the combined amount and shall not be required to file a bond<\/span> or certificate of deposit for more than $300,000 for the combined amount. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> A bond<\/span> or certificate of deposit filed under this section shall be conditioned upon compliance with this chapter, be payable to the Commonwealth, and be in the form required by the Commissioner<\/span>. The Commissioner<\/span> may require a bond<\/span> or a certificate of deposit issued under this section to be adjusted in accordance with the procedure set out in subsection C of § 58.1-2211<\/a> for adjusting a bond<\/span> or certificate of deposit filed by a distributor<\/span> of motor fuel<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nBOND OR CERTIFICATE OF DEPOSIT REQUIREMENTS (\u00a7 58.1-2246)\n\nA. An applicant for a license as a (i) provider of alternative fuel, (ii)\nretailer of alternative fuel or bulk user of alternative fuel who stores highway\nand nonhighway alternative fuel in the same storage tank, or (iii) retailer of\nalternative fuel or a bulk user of alternative fuel who wishes to defer the\nremittance of tax to the provider until the date the provider of alternative\nfuel is required to pay the tax to the Commonwealth, shall file with the\nCommissioner a bond or certificate of deposit.\n\nB. The amount of the bond or certificate of deposit shall be three times the\napplicant’s average expected monthly tax liability under this article, as\ndetermined by the Commissioner. The amount shall not be less than $2,000 nor\nmore than $300,000. An applicant who is also required to file a bond or a\ncertificate of deposit under § 58.1-2211 to obtain a license as a\ndistributor of motor fuel may file a single bond or certificate of deposit under\n§ 58.1-2211 for the combined amount and shall not be required to file a\nbond or certificate of deposit for more than $300,000 for the combined amount.\n\nC. A bond or certificate of deposit filed under this section shall be\nconditioned upon compliance with this chapter, be payable to the Commonwealth,\nand be in the form required by the Commissioner. The Commissioner may require a\nbond or a certificate of deposit issued under this section to be adjusted in\naccordance with the procedure set out in subsection C of § 58.1-2211 for\nadjusting a bond or certificate of deposit filed by a distributor of motor fuel.\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}}