Wyoming Margarita – Blend 1 cup Tequila, 8 oz Limeade, 1/4 cup water and 4 tbsp Sugar with 10 ice cubes. Add 1 can of beer and blend again. serve in margarita glass salted on the rim. Makes about 4 servings. Enjoy and share.
Tags: Bond, Bonds, commercial surety bonds, Fuel Tax Bond, get a surety bond, get bonded, post a surety bond, surety bond legislature, surety bonds, surety legislation, what is a surety bond, Wyoming Fuel Bond
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Oil Well Surety Bonds vs Blanket BondsAs is true for many states, Wyoming requires any company that drills for oil, water or other substances such as coal-bed methane to create a guarantee that they will have sufficient funds to pay the costs of plugging an abandoned well if the company should go broke. Generally that includes the option of posting cash, an oil well surety bond or a blanket bond. The difference is that an oil well surety bond is posted for each individual well while a blanket bond is taken out to cover all the wells the company drills. Theoretically they should be sufficient to cover all the wells, but it appears that in the case of the Powder River wells, the blanket bonds were in place more to guarantee proper performance of the companies duties and were not calculated with the thought that a company could go bankrupt and need to cover the cost of capping every single well they owned. This would not be that big a problem if it was only a few wells. Unfortunately right now the number is closer to 1200 orphaned wells that are not sufficiently covered.
The Importance of Correct BondingThis is a prime example of why it is so important for any company to make sure that the surety bonds they purchase are configured to do the job they are intended to do. If these companies had been required to purchase performance bonds to cover the performing of the business and oil well surety bonds to cover the costs of plugging the wells, this problem could have been avoided. Because the law didn’t require both, the small companies that had bought many of these wells when the price for methane had dropped were left holding the bag and often went bankrupt.
BuySurety Offers Surety Bond SecurityWhile blanket bonds may look like an inexpensive fix, for many companies to perform responsibly they need to look beyond the basics and find the surety bond that does the job. This is why BuySurety is so proud of our knowledgeable customer service agents. When you talk to our agents, they will discuss your needs and find the right surety bond for your situation. Whether it is performance bonds for that next big project or oil well bonds for a drilling you are undertaking, we can help. Come by our site or call our agents to find out just how good BuySurety is at finding the right surety bond for your business, at the right price. We have been doing this for over 15 years and we know we can find the best surety bond solution for you.
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The auto dealer bond requirements change from state to state. They also go through requirement changes as legislation decides to redesign how auto dealerships are licensed. That is why it continues to be very important to stay on top of the changes in the DMV dealership surety bond requirements for your state. To help you keep up to date on any changes, here are the requirements for surety bonds when it comes to having a license for an auto dealership in New Mexico, Colorado, Wyoming and Montana.
New Mexico Auto Dealer Bond Requirements
The folks at the DMV in New Mexico must like to keep things under close control. They require that an auto dealership renews their license every year on December 31st and that they provide proof of bonding at the time of renewal. This is a good date to keep in mind whether you have a regular car and truck dealership or even if you only sell motorcycles. Both types of dealerships are required to be licensed and have surety bond coverage.
For new and used motor vehicle dealers – $50,000 surety bond
For dismantlers – $50,000 surety bond
For motorcycle dealerships – $12,500 surety bond
Colorado Auto Dealer Bond Requirements
Colorado has some specific requirements for how the surety bond is set up, but they only require surety bonds for licenses for new and used motor vehicle dealerships. The $50,000 auto dealer surety bond must be in the legal name of the dealership, the bond must be an original dealer bond signed by the owner or corporate partner of the company or a corporate officer if the company is an LLC.
Wyoming Auto Dealer Bond Requirements
If you have ever driven through Wyoming, you probably remember it for its wide open spaces and giant sky. It is also a state with few roads and even fewer cars and trucks. That may be why the state of Wyoming has one surety bond requirement that covers all auto and truck dealers, whether they are selling new or used vehicles. The surety bond requirement is $25,000 and does not need to be renewed annually.
Montana Auto Dealer Bond Requirements
While Montana may be called The Treasure State, to many of us it is cowboy country and proud of it. The auto dealer bonds for licensing an auto dealership in Montana cover new and used as well as both cars and trucks. Licensing requires a $25,000 surety bond and must cover the period from January 1st to December 31st each year.
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House Bill No. 87: License Bond—Mixed Martial Arts MatchesWith the passage of Wyoming House Bill 87 all clubs, organizations, corporations or individual persons who are conducting mixed martial arts matches will be required to be licensed for the events and must post a license and permit surety bond. The bond should not exceed $10,000 and the amount will be determined by the State Board of Mixed Martial Arts. The surety bond is to assure the compliance of the matches with all current law as it applies. This House bill was enacted on March 08, 2012 and went into law effective July 1, 2012. For a reading of the complete text of Wyoming House Bill 87 a link has been provided to the legislative website for Wyoming.
Senate File No. 107: Bond ThresholdWith the passage of Wyoming Senate Bill 107 the threshold for state surety bonds for contracts with the state as well as with counties, cities, towns, school districts and all other political subdivisions in the state of Wyoming was increased from $100,000 to $150,000. The Senate bill was enacted on March 21, 2012 and went into law upon enactment on the same day. Anyone wishing to read the entire text to Wyoming Senate Bill 107 can do so by following the link provided in this bill summary.
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