New regulations for the Board of Cosmetology (Document No. 4075) became final by publication in the South Carolina State Register on June 25, 2010. Regulation 35-1(G) as published requires that each school submit a surety bond in the amount of $50,000 in order to be licensed. THIS AMOUNT IS NOT REQUIRED BY LAW. South Carolina statutes require that a school submit a surety bond in the amount of $10,000 in order to be licensed. A statute cannot be changed by regulation. APPLICATIONS FOR LICENSING OF SCHOOLS MUST BE ACCOMPANIED BY A BOND IN THE AMOUNT OF $10,000.