Texas Alcoholic Beverage Code
§ 204.03 — AMOUNT OF BOND
AL § 204.03Title 5. TAXATION · Ch. 204. BONDS
Statute text
View on source(a)The commission or administrator shall set the amount of all bonds required under this chapter.
(b)Repealed by Acts 1993, 73rd Leg., ch. 934, Sec. 110, eff. Jan. 1, 1994.
(c)Bonds of other permittees, except those permittees covered by Subsection (d) of this section, may not be set at an amount less than $1,000 or more than $25,000.
(d)Bonds, letters of credit, or certificates of deposit to insure the payment of the tax on distilled spirits imposed by Section 201.03, the tax on vinous liquor imposed by Section 201.04, or the tax on malt beverages imposed by Section 203.01, shall be set at an amount that will protect the state against the anticipated tax liability of the principal for any six-week period. Acts 1977, 65th Leg., p. 541, ch. 194, Sec. 1, eff. Sept. 1, 1977. Amended by Acts 1977, 65th Leg., p. 1184, ch. 453, Sec. 13, eff. Sept. 1, 1977; Acts 1993, 73rd Leg., ch. 934, Sec. 100, eff. Sept. 1, 1993; Acts 1993, 73rd Leg., ch. 934, Sec. 110, eff. Jan. 1, 1994. Amended by:
Legislative history
Acts 2019, 86th Leg., R.S., Ch. 1359 (H.B. 1545), Sec. 381, eff. September 1, 2021.