Iowa Admin. Code r. 701-230.4 - [Effective 4/23/2025] Bonds
When bonds are required by Iowa Code chapter 453A or these rules, said bonds will be in the form of cash or a bond issued by a surety company licensed to do business in the state of Iowa, payable to the State of Iowa, and in a form approved by the director. Bonds required by tobacco distributors must be issued by a surety company licensed to do business in Iowa. However, with prior approval by the director, a cash bond will be accepted by the department as a substitute for the surety bond. Iowa Code section 453A.44(4) provides more information.
This rule is intended to implement Iowa Code sections 453A.14 and 453A.44.
Notes
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