To ensure compliance with this chapter, the tax administrator may require any transient lodging tax collector to deposit security in the form of cash, bond or other security acceptable to the tax administrator. The amount of the security shall be fixed by the tax administrator but shall not be greater than five times the transient lodging tax collector’s estimated average monthly tax liability for the period for which the transient lodging tax collector files returns, determined in such manner as the director deems proper, or $5,000, whichever is less. The amount of the security may be increased or decreased by the tax administrator subject to the limitations of this section. [BC 7.18.100, added by Ordinance No. 4687, 6/21/16]