2006 New York Code - Bonds And License Fees.

 
    §  177.  Bonds  and  license  fees. 1. Every person licensed under the
  provisions of this article to carry on the  business  of  an  employment
  agency  shall  pay  to the commissioner a license fee in accordance with
  the following schedule before such license is issued.  The  minimum  fee
  for  said  license  shall  be  five  hundred  dollars, and for an agency
  operating  with  more  than  four  placement  employees,  seven  hundred
  dollars,  provided, however, that if the license is to run less than one
  year, the fee shall be two hundred fifty dollars and three hundred fifty
  dollars respectively, and if the license is to run less than six months,
  the fee shall  be  one  hundred  twenty-five  dollars  and  one  hundred
  seventy-five  dollars  respectively.  For the purpose of determining the
  license fee which an employment agency shall pay, the applicant for such
  license shall state in his application to the commissioner  the  average
  number  of  placement  employees  employed by the applicant's employment
  agency during the preceding calendar year; or, in  the  event  that  the
  applicant  has  not  previously conducted an employment agency under the
  provisions of this article, he or she shall state the average number  of
  placement  employees which he or she reasonably expects will be employed
  by the employment agency during the calendar year in which  the  license
  is  issued.  If  the  application  for a license is denied or withdrawn,
  one-half of the license fee provided herein shall  be  returned  to  the
  applicant.  He  or she shall also deposit before such license is issued,
  with the commissioner, a bond in the penal sum of five thousand  dollars
  with  two  or  more  sureties or a duly authorized surety company, to be
  approved by the commissioner, provided, however, that if  the  applicant
  will  engage  in the recruitment of domestic or household employees from
  outside the continental United States, or will conduct a modeling agency
  the bond shall be in the penal sum of ten thousand dollars.
    2. The bond executed as provided in subdivision one  of  this  section
  shall  be  payable to the people of the state of New York or of the city
  of New York, as the case may be,  and  shall  be  conditioned  that  the
  person applying for the license will comply with this article, and shall
  pay  all damages occasioned to any person by reason of any misstatement,
  misrepresentation, fraud or deceit, or any unlawful act or  omission  of
  any  licensed  person,  his agents or employees, while acting within the
  scope of their employment, made, committed or omitted  in  the  business
  conducted  under  such license, or caused by any other violation of this
  article in carrying on the business for which such license  is  granted.
  The  bond  also  shall  be  conditioned that the person applying for the
  license shall pay the commissioner all fines imposed pursuant to section
  one hundred eighty-nine of this article.
    3.  If  at  any  time  the  surety  or  sureties  become   financially
  irresponsible  in  the  judgment  of  the  commissioner or insolvent the
  licensed person shall, upon notice from the  commissioner,  file  a  new
  bond,  subject  to the provisions of this section. The failure to file a
  new bond, within ten days after such notice, in the  discretion  of  the
  commissioner,  shall  operate  as  a  revocation of such license and the
  license shall be thereupon returned to the commissioner.