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required to procure a distributor's license shall file with his application a joint and several bond. Such bond shall be executed to the Department of Revenue, with good and sufficient surety or sureties residing or licensed to do business within the State of Illinois, in the amount of $2,500, conditioned upon the true and faithful compliance by the licensee with all of the provisions of this Act. Such bond, or a reissue thereof, or a substitute therefor, shall be kept in effect during the entire period covered by the license. On and after July 1, 2027, applicants are no longer required to file a bond with their application. The Department shall discharge any surety and shall release and return any bond provided to it by a taxpayer under this Section within 90 days after July 1, 2027, provided that the taxpayer is not delinquent or deficient in the payment of tax liability. A separate application for license shall be made and , a separate annual license fee paid, and a separate bond filed, for each place of business at which a person who is required to procure a distributor's license under this Section proposes to engage in business as a distributor in Illinois under this Section Act. (b) The following are ineligible to receive a distributor's license under this Section Act: (1) a person who is not of good character and reputation in the community in which the person he resides; the Department may consider prior conviction of a SB3019 Enrolled LRB104 20255 HLH 33706 b Public Act 104-0468