2005 Arizona Revised Statutes - Revised Statutes §28-5736  Bond requirement

A. The director may require a surety bond if an interstate user does not file tax reports or remit taxes or if the director determines that the interests of this state or of member jurisdictions of the international fuel tax agreement are in jeopardy.

B. If required, the surety bond:

1. Shall indicate that the interstate user is the principal obligor and the state is the obligee.

2. Shall be conditioned on the interstate user faithfully complying with this article and the prompt filing of true reports and payment by the interstate user of all use fuel taxes and fees due or accrued under this article, together with all penalties and interest on the taxes and fees.

3. Shall not be more than two times the quarterly tax liability of the interstate user as determined by the director.