Georgia Scrap Tire Carrier Bond
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What Is a Georgia Scrap Tire Carrier Bond?
Scrap tire surety bonds are required by the Georgia Department of Natural Resources’ Environmental Protection Division. Scrap tire carriers must file a bond in order to legally operate in the state.
How Much Do Georgia Scrap Tire Carrier Bonds Cost?
Georgia scrap tire carrier bonds are issued instantly at a set price to all applicants:
- $10,000 Scrap Tire Carrier Bond: $100 annual premium cost
- $20,000 Scrap Tire Carrier Bond: $200 annual premium cost
You can save up to 25% by selecting a multi-year term at checkout, making your premium as low as $75/year!
A $10,000 scrap tire bond is required for carriers that transport 5,000 or fewer tires per month. Carriers transporting more than 5,000 tires per month need a $20,000 bond.
How Do Scrap Tire Carrier Bonds Work?
These surety bonds ensure that scrap tire carriers perform their duties per 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 a carrier fails to comply with these terms, the bond protects the state from financial loss.
How Do I Renew My Bond?
Scrap tire carrier surety bonds in Georgia remain active until released by the Department of Natural Resources. All you need to do is pay your renewal invoice with SuretyBonds.com to maintain your bonded status. Select a multi-year term to save the hassle of annual renewal.
The surety can cancel the bond by sending 120-days’ notice of cancellation to the Scrap Tire Management Program, Environmental Protection Division.
Have Questions?
Call 1 (800) 308-4358 to talk with a Surety Expert today.
