By: Cain S.B. No. 1235 2001S0708/1 A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to waiving the requirement of a bond for certain alcoholic 1-3 beverage permit holders and licensees. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Chapter 204, Alcoholic Beverage Code, is amended 1-6 by adding Section 204.07 to read as follows: 1-7 Sec. 204.07. WAIVER OF BOND REQUIREMENT. The commission may 1-8 waive the requirement that a licensee or permittee furnish a bond 1-9 under this chapter if the commission by rule determines the 1-10 submission of the bond is no longer necessary. 1-11 SECTION 2. This Act takes effect September 1, 2001.