Page:United States Statutes at Large Volume 93.djvu/309

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PUBLIC LAW 96-000—MMMM. DD, 1979

PUBLIC LAW 9 6 - 3 9 - J U L Y 26, 1979 "(2) ADJACENT WINE CELLAR BOND.—The bond covers operations at a distilled spirits plant and at an adjacent bonded wine cellar. "(3) AREA BOND.—The bond covers operations at 2 or more distilled spirits plants (and adjacent bonded wine cellars) which— "(A) are located in the same geographical area (as designated in regulations prescribed by the Secretary), and "(B) are operated by the same person (or, in the case of a corporation, by such corporation and its controlled subsidiaries). "(c) WITHDRAWAL BONDS.—The bond required by paragraph (2) of subsection (a) shall cover withdrawals from 1 or more bonded premises the operations at which could be covered by the same operations bond under subsection (b). "(d) UNIT BONDS.—Under regulations prescribed by the Secretary, the requirements of paragraphs (1) and (2) of subsection (a) shall be treated as met by a unit bond which covers both operations at, and withdrawals from, 1 or more bonded premises which could be covered by the same operations bond under subsection (b). "(e) TERMS AND CONDITIONS.—

"(1) IN GENERAL.—Any bond furnished under this section shall be conditioned that the person furnishing the bond— "(A) will faithfully comply with all provisions of law and regulations relating to the activities covered by such bond, and "(B) will pay— "(i) all taxes imposed by this chapter, and "(ii) all penalties incurred by, or fmes imposed on, such person for violation of any such provision. "(2) OTHER TERMS AND CONDITIONS.—Any bond furnished under this section shall contain such other terms and conditions as may be required by regulations prescribed by the Secretary. "(f) AMOUNT.—

"(1) IN GENERAL.—The penal sum of any bond shall be the amount determined under regulations prescribed by the Secretary. "(2) MAXIMUM AND MINIMUM AMOUNT.—The Secretary shall by regulations prescribe a minimum amount and a maximum amount for each type of bond which may be furnished under this section. "(g) TOTAL AMOUNT AVAILABLE.—The total amount of any bond furnished under this section shall be available for the satisfaction of any liability incurred under the terms and conditions of such bond. ' '(h) SPECIAL RULES.—For purposes of this section— "(1) WITHDRAWAL BONDS.—In the case of any bond furnished under this section which covers withdrawals but not operations— "(A) such bond shall be in addition to the operations bond, and "(B) if distilled spirits are withdrawn under such bond, the operations bond shall no longer cover liability for payment of the tax on the spirits withdrawn. "(2) ADJACENT WINE CELLARS.—

"(A) REQUIREMENTS.—No wine cellar shall be treated as being adjacent to a distilled spirits plant unless— "(i) such distilled spirits plant is qualified under this subchapter for the production of distilled spirits, and

93 STAT. 277