Where the commissioner has reasonable cause to doubt the financial responsibility of the operator or compliance by the operator with the provisions of KRS 177.905 to 177.950, the commissioner may require such operator to furnish and maintain a bond in such form, amount, and with such sureties as he shall approve, but not less than one thousand dollars ($1,000) nor more than five thousand dollars ($5,000) conditioned upon the operator complying with the provisions of KRS 177.905 to 177.950 and the regulation s adopted pursuant thereto. Any bond forfeiture is hereby appropriated to the state road fund.
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