(a) (1) Subject to paragraph (2) of this subsection, the Board may not issue a license to an applicant if the license has been previously denied, suspended, or revoked unless:
(i) 1. the applicant executes a surety bond of $1,000 to the State;
2. the Board approves the surety; and
3. the surety bond is conditioned on the faithful observance of the laws governing alcoholic beverages in the State; or
(ii) the Board:
1. accepts $1,000 in cash; and
2. deposits the cash and records the deposit.
(2) The Board may waive a required surety bond or cash deposit.
(b) The bond shall secure the payment of all costs, fines, and penalties imposed on the applicant on a charging document for a violation of alcoholic beverages laws in the county.
(c) (1) The applicant shall deposit an approved bond with the Board.
(2) The Board shall record the bond in a book kept for that purpose.
(3) The record or a certified copy of the record is evidence of the bond.
(d) The Board may stop requiring a license holder to post bond if the Board finds that the license holder has complied with the terms of a bond for 1 calendar year.
(e) (1) The Board may petition for forfeiture of the bond in circuit court if:
(i) the Board determines that the license holder has failed to observe the terms of the bond; and
(ii) sufficient notice is given to the license holder.
(2) If the circuit court declares the bond forfeited, the bond shall be payable to the Board.