Notwithstanding the provisions of section 3-2-7 of this chapter with respect to the time for the payment of sales tax due to the town, whenever it appears from the records of the finance department or otherwise that sales tax due to the town has not been paid, or has not been paid in a timely fashion, the finance director, after notice and hearing, shall have the authority to require the payment to the town of the tax due under this chapter on a daily or weekly basis, as the finance director shall determine to be required to adequately assure that the tax due under this chapter will be paid to the town. The finance director shall give the vendor at least ten (10) days' notice of the time and place of such hearing. Notice shall be mailed to the vendor at the address shown on the town sales tax license. The finance director shall further have the authority to require payment of such tax on a daily or weekly basis into a separate account maintained by the vendor solely for payment of sales tax and accessible only to parties approved by the finance director. Failure to comply with any order of the finance director lawfully entered pursuant to this section shall be sufficient grounds for the revocation of the vendor's sales tax license as provided in section 3-2-26 of this chapter. (Ord. 30, Series 2021)