(35 ILCS 505/3c) (from Ch. 120, par. 419b.1)
Sec. 3c.
No person shall act as a receiver of fuel within this State
without first securing a license from the Department to act as a receiver of
fuel.
Application for such license shall be made to the Department upon blanks
furnished by it. The application shall be signed and verified, and shall
contain such information as the Department deems necessary. The applicant
for a receiver's license shall also file with the Department a bond on a
form to be approved by and with a surety or sureties satisfactory to the
Department conditioned upon such applicant paying to the State of Illinois
all monies becoming due by reason of the receipt of fuel by the applicant,
together with all penalties and interest thereon. The Department shall fix
the penalty of such bond in each case taking into consideration the amount
of fuel expected to be sold, distributed and used by such applicant and the
penalty fixed by the Department shall be such, as in its opinion, will
protect the State of Illinois against failure to pay
the tax imposed by Section 2a on fuel received in this State, but the
amount of the penalty fixed by the Department shall not exceed
twice the monthly amount
that would be due in the event of a sale or use on all the
fuel sold or used by the receiver inclusive of tax-free sales or use.
Upon receipt of the application and bond in proper form, the Department
shall issue to the applicant a license to act as a receiver. No person who
is in default to the State for monies due under this Act for the receipt,
sale, distribution or use of fuel or motor fuel shall receive a license
either directly or indirectly to act as a receiver.
(Source: P.A. 90-491, eff. 1-1-98; 91-173, eff. 1-1-00.)
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