West Virginia Code of State Rules
Agency 175 - Alcohol Beverage Control Commission
Title 175 - LEGISLATIVE RULE ALCOHOL BEVERAGE CONTROL COMMISSIONER
Series 175-05 - Licensing Of Retail Outlets
Section 175-5-15 - Bonding Requirements
Universal Citation: 175 WV Code of State Rules 175-5-15
Current through Register Vol. XLI, No. 38, September 20, 2024
15.1. Each purchase option applicant or applicant submitting a bid or bids for a retail license under the provisions of this rule, shall furnish to the Commissioner a bond at the time of the purchase option or bidding. The bond shall guarantee the payment of twenty-five percent (25%) of the total price of the purchase option or the bid for each retail license. In the event that a winning bid is not paid, the bond will be forfeited to the State.
15.2. A four-page (4) "Approved Format for an Irrevocable Letter of Credit" will be provided by the Commissioner.
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