SB142 Summary

• Removes the $5,000 bonding requirement previously required for applicants seeking an inspection fee permit for petroleum products in Alabama.

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

• Eliminates the mandatory surety bond filing requirement that was conditioned upon prompt filing of reports and payment of inspection fees owed to the state.

• Maintains all other inspection fee collection requirements, rates, deductions, and permit cancellation grounds for petroleum products including gasoline, diesel fuel, dyed diesel fuel, dyed kerosene, and lubricating oil.

• Becomes effective immediately upon passage and approval by the Governor or upon otherwise becoming law.