Bond Requirements

Timber Licensing Law
I.C. 25-36.5-1-3
Bond Requirements Based
On Annual Purchases

To assist you in determining the amount of bond coverage you will need for an Indiana Timber Buyer's License, we have computed and listed the bond requirement amounts based upon annual purchases.

These figures were computed for your convenience and were based upon Section 3(b) of the licensing law which states: “(d) The security required under subsection (a) or (b) shall be in the principal amount of five thousand dollars ($5,000) for an applicant who paid timber growers ten thousand dollars ($10,000) or less for timber during the immediate preceding year, and an additional one hundred dollars ($100) for each additional one thousand dollars ($1,000) or fraction thereof paid to timber growers for timber purchased during the preceding year…..after December 31, 2016, the security required may not be more than fifty thousand dollars ($50,000).”

If you need assistance, please contact:
Duane McCoy, Timber Licensing Forester, (317) 232-4112

Read the chart below from left to right.

Annual Purchases Bond Required
$10,000.00 $5,000.00
$11,000.00 $5,100.00
$12,000.00 $5,200.00
$13,000.00 $5,300.00
$14,000.00 $5,400.00
$15,000.00 $5,500.00
$16,000.00 $5,600.00
$17,000.00 $5,700.00
$18,000.00 $5,800.00
$19,000.00 $5,900.00
$20,000.00 $6,000.00
$21,000.00 $6,100.00
$22,000.00 $6,200.00
$23,000.00 $6,300.00
$24,000.00 $6,400.00
$25,000.00 $6,500.00
$26,000.00 $6,600.00
$27,000.00 $6,700.00
$28,000.00 $6,800.00
$29,000.00 $6,900.00
$30,000.00 $7,000.00
$35,000.00 $7,500.00
$40,000.00 $8,000.00
$45,000.00 $8,500.00
$50,000.00 $9,000.00
$55,000.00 $9,500.00
$60,000.00 $10,000.00
$65,000.00 $10,500.00
$70,000.00 $11,000.00
$75,000.00 $11,500.00
$80,000.00 $12,000.00
$85,000.00 $12,500.00
$90,000.00 $13,000.00
$95,000.00 $13,500.00
$100,000.00 $14,000.00
$105,000.00 $14,500.00
$110,000.00 $15,000.00
$115,000.00 $15,500.00
$120,000.00 $16,000.00
$125,000.00 $16,500.00
$130,000.00 $17,000.00
$135,000.00 $17,500.00
$140,000.00 $18,000.00
$145,000.00 $18,500.00
$150,000.00 $19,000.00
$155,000.00 $19,500.00
$160,000.00 $20,000.00
$170,000.00 $21,000.00
$180,000.00 $22,000.00
$190,000.00 $23,000.00
$200,000.00 $24,000.00
$210,000.00 $25,000.00
$220,000.00 $26,000.00
$230,000.00 $27,000.00
$240,000.00 $28,000.00
$250,000.00 $29,000.00
$260,000.00 $30,000.00
$270,000.00 $31,000.00
$280,000.00 $32,000.00
$290,000.00 $33,000.00
$300,000.00 $34,000.00
$310,000.00 $35,000.00
$320,000.00 $36,000.00
$330,000.00 $37,000.00
$340,000.00 $38,000.00
$350,000.00 $39,000.00
$360,000.00 $40,000.00
$370,000.00 $41,000.00
$380,000.00 $42,000.00
$390,000.00 $43,000.00
$400,000.00 $44,000.00
$410,000.00 $45,000.00
$420,000.00 $46,000.00
$430,000.00 $47,000.00
$440,000.00 $48,000.00
$450,000.00 $49,000.00
$460,000.00 $50,000.00