Rule 560-2-2-.03. Bonds

1. (1) Alcoholic Beverage Licensees for Distilled Spirits and Wine are required to post with the Commissioner an approved annual bond under a surety company authorized to do business in Georgia, in the amount and under conditions specified by Code § 3-4-22 for Distilled Spirits, and Code § 3-6-21 for Wine.

2. (2) Alcoholic Beverage Licensees for Malt Beverages are required to post with the Commissioner either:

   1. (a) An approved annual bond under a surety company authorized to do business in Georgia, in the amount and under conditions specified by Code § 3-5-25.1 for Malt Beverages and Code § 3-5-36 and Rule 560-2-8-.02 for brewpubs; or
   2. (b) An irrevocable bank letter of credit, issued by a bank located in Georgia, conditioned upon the prompt payment of all sums which may become due as required by all laws, rules and regulations governing the distribution and sale of Alcoholic Beverages in Georgia.

Authority: O.C.G.A. §§ 3-2-2, 3-2-6, 3-4-22, 3-5-25.1, 3-5-36, 3-6-21, 48-8-12.

History. Original Rule entitled "License Application: Citizenship and Residency; Waiver" adopted. F. and eff. June 30, 1965.

Repealed: New Rule entitled "License Application: Citizenship and Residency" adopted. F. Oct. 23, 1969; eff. Nov. 1, 1969, as specified by the Agency.

Repealed: New Rule entitled "Sales to Minors: Exceptions" adopted. F. May 5, 1982; eff. May 25, 1982.

Amended: F. Sept. 27, 1985; eff. Oct. 17, 1985.

Repealed: New Rule entitled "Bonds" adopted. F. Oct. 1, 2010; eff. Oct. 21, 2010.

Amended: F. May 31, 2023; eff. June 20, 2023.