1. (a) The applicant ranked highest pursuant to Section 30479 shall, within five days of notification of its ranking, either:

   1. (1) File a letter of acceptance, post a performance bond of one million dollars in favor of the Department and pay the annual license fee; or
   2. (2) File a letter withdrawing their application.
2. (b) In the event that the highest ranked applicant withdraws its application, the next highest ranked applicant shall follow the processes set forth in Section 30481(a).

Note: Authority cited: Sections 208 and 25812.5(c), Health and Safety Code. Reference: Section 25812.5(c), Health and Safety Code.