- 1). Understand how a sales tax surety bond works. If a municipality is in need of funds for a particular project, they can use the future projected income tax revenue to pay for the interest owed to bondholders and investors.
- 2). Contact a bond agent or an insurance agent. You can conduct a search online or request a referral from your professional network.
- 3). Request the forms necessary to apply for the bond. These forms include the bond application. In most cases, you will also need to fill out a personal financial statement and credit report release form.
- 4). Fill out the form to the best of your ability and as accurately as possible. The form will serve as the basis for all information to go on the bond---any mistakes will become a part of a legal document.
- 5). Sign and date the application in the presence of a witness. In general, you will be required to have a notary public sign the application (financial statement). Notary publics usually come free of charge at your bank.
- 6). Make copies of all documents before surrendering to the agent. Use overnight delivery if you cannot hand deliver.
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