Surety bond — Annual sales and purchases

In calculating amounts of bonds under Code Sections 4-6-42 and 4-6-43, the total amount of annual sales or annual purchases for the preceding calendar year shall be used; but, if an applicant for a license does not have an annual sales history, the Commissioner shall estimate the amount of annual sales or annual purchases which will occur. (Code 1981, § 4-6-44, enacted by Ga. L. 1983, p. 1161, § 1.) Editor’s notes. — The 1983 Act, effective July 1, 1983, repealed former Code Section 4-6-44, based on Ga. L. 1956, p. 501, § 4, and Ga. L. 1981, Ex. Sess., p. 8 (Code enactment act), which dealt with the number of bonds required under former Code Sections 4-6-42 and 4-6-43, and enacted the present Code section. 4-6-45. Surety bond — Acceptance of insurance coverage as satisfaction of bonding requirements. Reserved. Repealed by Ga. L. 1983, p. 1161, § 1, effective July 1, 1983. Editor’s notes. — This Code section was based on Ga. L. 1959, p. 296, § 5, and Ga. L. 1981, Ex. Sess., p. 8 (Code enactment act). 4-6-46. Maintenance of records and accounts; inspections.