IC 4-33-6-8: Issuance of license; fee; bond

Sec. 8. If the commission determines that a person is eligible under this chapter for an owner's license, the commission may issue an owner's license to the person if:

(1) the person pays an initial license fee of twenty-five thousand dollars ($25,000); and

(2) the person posts a bond as required in section 9 of this chapter.