Compilation of Rules and Regulations of the State of Georgia
Department 560 - RULES OF DEPARTMENT OF REVENUE
Chapter 560-2 - ALCOHOL AND TOBACCO DIVISION
Subject 560-2-2 - GENERAL PROVISIONS
Rule 560-2-2-.03 - Bonds
Universal Citation: GA Rules and Regs r 560-2-2-.03
Current through Rules and Regulations filed through September 23, 2024
(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) Alcoholic Beverage Licensees for Malt Beverages are required to post with the Commissioner either:
(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
(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.
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.
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