2005 California Revenue and Taxation Code Sections 50108.1-50108.2 Article 2. Registration and Security

50108.1.  Every person who is an owner of an underground storage
tank for which a permit is required pursuant to Section 25284 of the
Health and Safety Code containing petroleum shall register with the
board on forms provided by the board.
50108.2.  (a) The board, whenever it determines it to be necessary
to ensure compliance with this part, may require any person subject
to this part to place with it any security that the board determines
to be reasonable, taking into account the circumstances of that
person.  Any security in the form of cash, government bonds, or
insured deposits in banks or savings and loan institutions shall be
held by the board in trust to be used solely in the manner provided
by this section.  The board may sell the security at a public auction
if it becomes necessary to do so in order to recover any fee or any
amount required to be collected, including any interest or penalty
due.
   (b) Notice of the sale authorized in subdivision (a) shall be
served upon the person who placed the security personally or by mail.
  If service is made by mail, the notice shall be addressed to the
person at his or her address as it appears in the records of the
board.  Service shall be made at least 30 days prior to the sale in
the case of personal service, and at least 40 days prior to the sale
in the case of service by mail.  Upon any sale, any surplus above the
amounts due shall be returned to the person who placed the security.