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§ 17-1405. Requirement of bond

West's Annotated Code of MarylandBusiness Regulation

West's Annotated Code of Maryland
Business Regulation (Refs & Annos)
Title 17. Miscellaneous State Business Licenses (Refs & Annos)
Subtitle 14. Promoters of Outdoor Musical Festivals (Refs & Annos)
MD Code, Business Regulation, § 17-1405
§ 17-1405. Requirement of bond
(a) In St. Mary's County, this section does not apply if the promoter owns the property where the outdoor musical festival will be held.
(b)(1) Except as provided in paragraph (3) of this subsection, each promoter shall post a cash bond with the application for a health permit.
(2) The amount of the bond:
(i) shall be determined by the health officer; but
(ii) may not exceed:
1. $25,000 in Frederick and Washington counties; or
2. $50,000 in the other counties to which this subtitle applies.
(3) In St. Mary's County, a promoter may pledge real or personal property instead of posting a cash bond if the promoter submits to the health officer a verified financial statement confirming that the fair market value of the pledged property equals or exceeds the amount of the bond required.
(c) The health officer:
(1) shall keep the bond until 30 days after the end of the outdoor musical festival; and
(2) after that time, shall return to the promoter any money that has not been used and is not needed to satisfy pending claims.
(d) If, within 72 hours after an outdoor musical festival ends, the promoter fails to remove all trash, and to begin repair of any damage to property, including crops and livestock, that the outdoor musical festival or its spectators caused or created, the health officer may use as much of the bond as necessary to remove the trash and repair the damage.
(e)(1) This subsection does not affect any common law remedy that the person has against the promoter.
(2) Any person who has a claim against the bond shall submit the claim to the health officer within 30 days after the outdoor musical festival ends.
(3) If a claim is submitted, the health officer shall determine and keep the amount necessary to cover the claim.

Credits

Added by Acts 1992, c. 4, § 2.
Formerly Art. 56, §§ 159A, 159E.
MD Code, Business Regulation, § 17-1405, MD BUS REG § 17-1405
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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