SRC-MWN S.B. 1235 77(R)BILL ANALYSIS


Senate Research CenterS.B. 1235
By: Cain
Business & Commerce
5/31/2001
Enrolled


DIGEST AND PURPOSE 

Chapter 204 of the Alcoholic Beverage Code requires the submission of a
performance bond and a tax security bond from various permittees and
licensees. S.B. 1235 allows the Texas Alcoholic Beverage Commission to
determine through its rulemaking authority if such bonds are required. 

RULEMAKING AUTHORITY

Rulemaking authority is expressly granted to the Texas Alcoholic Beverage
Commission in SECTION 1 (Section 204.07, Alcoholic Beverage Code) of this
bill. 

SECTION BY SECTION ANALYSIS

SECTION 1. Amends Chapter 204, Alcoholic Beverage Code, by adding Section
204.07, as follows: 

Sec. 204.07. WAIVER OF BOND REQUIREMENT. Authorizes the Texas Alcoholic
Beverage Commission (commission) to waive the requirement that a licensee
or permittee furnish a bond under this chapter if the commission by rule
determines the submission of the bond is no longer necessary. 

SECTION 2. Effective date: September 1, 2001.