HB158 Summary

• Removes the $5,000 bonding requirement for applicants seeking to obtain an inspection fee permit for petroleum products.

• Replaces the term "bonded distributor" with "inspection fee permit holder" throughout Alabama Code sections 8-17-80, 8-17-87, 8-17-96, 8-17-97, 8-17-99, and 8-17-101.

• Eliminates the requirement that suppliers, permissive suppliers, importers, and first sellers of dyed diesel fuel, dyed kerosene, and lubricating oil file a surety bond prior to inspection fee permit issuance.

• Maintains all other inspection fee collection, reporting, and compliance requirements for petroleum product distributors.

• Becomes effective immediately upon passage and approval by the Governor.