1-1 By: Cain S.B. No. 1235 1-2 (In the Senate - Filed March 7, 2001; March 12, 2001, read 1-3 first time and referred to Committee on Business and Commerce; 1-4 April 11, 2001, reported favorably by the following vote: Yeas 6, 1-5 Nays 0; April 11, 2001, sent to printer.) 1-6 A BILL TO BE ENTITLED 1-7 AN ACT 1-8 relating to waiving the requirement of a bond for certain alcoholic 1-9 beverage permit holders and licensees. 1-10 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-11 SECTION 1. Chapter 204, Alcoholic Beverage Code, is amended 1-12 by adding Section 204.07 to read as follows: 1-13 Sec. 204.07. WAIVER OF BOND REQUIREMENT. The commission may 1-14 waive the requirement that a licensee or permittee furnish a bond 1-15 under this chapter if the commission by rule determines the 1-16 submission of the bond is no longer necessary. 1-17 SECTION 2. This Act takes effect September 1, 2001. 1-18 * * * * *