South Carolina Code > Title 12 > Chapter 28 > Article 25 – Reports and Bond Requirements
Current as of: 2023 | Check for updates
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Other versions
| § 12-28-2520 | Motor fuel licensee bond exemption based on statement of assets and liabilities |
Terms Used In South Carolina Code > Title 12 > Chapter 28 > Article 25 - Reports and Bond Requirements
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Department: means the South Carolina Department of Revenue. See South Carolina Code 12-28-110
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Motor fuel: means gasoline, diesel fuel, substitute fuel, renewable fuel, alternative fuel, and blended fuel. See South Carolina Code 12-28-110
- User fees: Fees charged to users of goods or services provided by the government. In levying or authorizing these fees, the legislature determines whether the revenue should go into the treasury or should be available to the agency providing the goods or services.