HSB 69 (LSB 1715HC (2) 86)

HOUSE FILE _____

BY  (PROPOSED COMMITTEE ON COMMERCE BILL BY CHAIRPERSON COWNIE)

A BILL FOR

An Act concerning bonding requirements for a wine direct shipper license.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 123.187, subsection 2, paragraph c, Code 2015, is amended to read as follows:
   c.  An application submitted pursuant to paragraph “a” shall also be accompanied by a bond in the amount of five thousand dollars in the form prescribed and furnished by the division with good and sufficient sureties to be approved by the division conditioned upon compliance with this chapter.  However, a wine manufacturer that has submitted a bond pursuant to section 123.175, subsection 3, shall not be required to provide a bond as provided in this paragraph.
EXPLANATION
The inclusion of this explanation does not constitute agreement with

the explanation’s substance by the members of the general assembly.
   This bill provides that a wine manufacturer that has submitted a bond pursuant to Code section 123.175, subsection 3, in an application for a class “A” wine permit shall not be required to also provide a bond in an application for a wine direct shipper license under Code section 123.187.