Except as otherwise provided in this subtitle, before any outdoor advertising license or outdoor sign permit may be issued or renewed under this subtitle to any person who is not a resident of this State, the person shall execute and file with the Administration a bond to this State, with surety approved by the Administration, in the amount of $1,000 and conditioned that the obligor: Will pay to this State all money required to be paid by him under this subtitle; and Will comply with all of the provisions of this subtitle and the rules and regulations adopted under it.