(a) There is a Class BCE (on-sale) beer, wine, and liquor license.
(b) (1) The Board may issue the license for use by a catering establishment.
(2) (i) Subject to subparagraph (ii) of this paragraph, the Board shall adopt regulations that define a catering establishment.
(ii) The regulations adopted by the Board shall require a catering establishment to have:
1. a minimum capital investment of $1,000,000 for dining room facilities and kitchen equipment, excluding the cost of land, buildings, or a lease; and
2. a minimum seating capacity of 150 individuals.
(3) The license authorizes the license holder to provide beer, wine, and liquor for on-premises consumption by participants of catered events only.
(c) The license holder shall serve food with the beer, wine, and liquor.
(d) The annual license fee is $4,480.
(e) The Board shall adopt regulations specifying the hours and days of sale.