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How much does a scrap tire carrier bond cost in Georgia?
The Georgia Department of Natural Resources’ Environmental Protection Division requires scrap tire carriers to post surety bonds in order to operate within the state. A $10,000 bond is required for carriers that transport 5,000 or fewer tires per month, and a $20,000 bond is required if the carrier transports more than 5,000 tires per month. Since there are two possible bond amounts, applicants must verify their required bond amount with the state prior to bonding.
The $10,000 bond is issued instantly for $100 by SuretyBonds.com. The $20,000 bond is subject to underwriting, so the price you’ll pay depends not only on your required bond amount but also on a review of your personal credit report.
Why do I need this bond?
Georgia scrap tire carrier bonds ensure that principals (scrap tire carriers) perform their duties in accordance with the Georgia Comprehensive Solid Waste Management Act and fulfill all obligations of the Scrap Tire Carrier Permit. Prohibited business practices under this act include, but are not limited to:
- knowingly violating any material condition or requirement of the permit
- purposely omitting material information or placing false material statements on labels, manifests, records, reports or other documents filed for purposes of compliance with the Georgia Code
- knowingly transporting tires without a manifest
- not maintaining receipts indicating disposal of the scrap tires
- storing more than the maximum amount of tires in the state at any given time
If the principal fails to comply with these terms, the bond protects the state from financial loss.
What’s the fine print?
Scrap tire carrier surety bonds in Georgia remain in full force and effect for the duration of obligations and until the principal is notified that he or she is released of the obligation by the Department of Natural Resources, Environmental Protection Division.
The surety can cancel the bond by sending notice of cancellation by registered or certified mail (return receipt requested) to the Scrap Tire Management Program, Environmental Protection Division in Atlanta, Georgia. Cancellation takes effect on the date specified in the notice, so long as it is 120 days or more after the notice is received by the division