(a)    There is a Class I beer, wine, and liquor license.

(b)    (1)    The Board may only issue the license for a premises within:

(i)    the corporate limits of Ocean City;

(ii)    the boundary lines of the 10th election district;

(iii)    the boundary lines of the 2nd precinct of the 3rd election district; or

(iv)    the area bounded by Maryland Route 589 to the north and east, U.S. Route 50 to the south, and U.S. Route 113 to the west, all of which lie within the 1st precinct of the 3rd election district.

(2)    The license authorizes the license holder to sell beer, wine, and liquor at retail at the place described in the license, for on–premises consumption.

(c)    (1)    A license holder may purchase:

(i)    wine and liquor from:

1.    the Department of Liquor Control for the county; or

2.    a licensed wholesaler; and

(ii)    beer from a licensed wholesaler.

(2)    The Department of Liquor Control for the county shall charge a license holder the lesser of the following prices set by the Department:

(i)    85% of the retail price of the wine or liquor; and

(ii)    the special sale price or discount price.

(d)    The license holder may sell beer, wine, and liquor during the hours and days as set out for a Class I beer, wine, and liquor license under § 33–2005(e) of this title.

(e)    (1)    The license fees, set by the County Commissioners, may not be less than:

(i)    $2,500 for a 6–day license; and

(ii)    $3,000 for a 7–day license.

(2)    (i)    Subject to subparagraph (ii) of this paragraph, license fees shall be distributed to the general fund of the county.

(ii)    If the licensed premises are in a municipality, 75% of the fees shall be distributed to the municipality.