Deferred-payment basis for stamps.
(a) A licensee may apply to the department to purchase stamps on a deferred-payment
basis. Upon receipt of the application and the bond required under (b)
of this section, the department may set the maximum dollar amount of stamps
that the licensee is authorized to purchase on a deferred-payment basis
in a calendar month.
(b) A licensee who submits an application for the purchase of stamps on
a deferred-payment basis shall, as a condition of approval of the application,
post a bond acceptable to the department in an amount equal to
(1) 200 percent of the maximum dollar amount of allowed monthly purchases
under this section; or
(2) 100 percent of the maximum dollar amount of allowed monthly purchases
under this section if the licensee
(A) holds a license issued under
AS 43.50.010 for a physical location in this state; and
(B) has been in full compliance with the provisions of this title and
regulations adopted under this title during the preceding 60 months.
(c) Amounts owing for stamps purchased on a deferred-payment basis in
a calendar month are due on or before the last day of the next calendar
month. Payment shall be made by a remittance acceptable to the department
that is made payable to the department.
(d) The department may designate the sales locations where the licensee
may make purchases of stamps on a deferred-payment basis and fix the dollar
amount of purchases that the licensee may make under this section at each
designated sales location each month.