Section Liq 704.02 - Bond Required(a) A wholesale distributor as defined by RSA 175:1, LXVI, shall give to the state of New Hampshire a surety bond required by RSA 178:16, II.(b) The formula for a renewed bond shall be 1.5 times the highest monthly sum of additional fees paid pursuant to RSA 178:26 during the 12-month period ending 3 months prior to the license renewal date.(c) The amount of the bond required for an original applicant shall be in an amount determined by an estimate of the chairman based upon the vendor's or applicant's estimated sales.(d) The bond amount shall be reviewed every 3 months and shall be based upon the actual number of gallons of beverage sold monthly multiplied by the amount of tax specified by RSA 178:26 for each gallon sold multiplied by 1.5 during the period of the original license.(e) The length of time a bond is required shall be consistent with the requirements of RSA 178:16.N.H. Admin. Code § Liq 704.02
See Revision Notes #1 and #2 at chapter heading for Liq 700Derived from Volume XL Number 41, Filed October 8, 2020, Proposed by #13114, Effective 9/25/2020, Expires 9/25/2030.