[Code of Federal Regulations]
[Title 27, Volume 1]
[Revised as of April 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR20.72]

[Page 443]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
 CHAPTER I--BUREAU OF ALCOHOL, TOBACCO AND FIREARMS, DEPARTMENT OF THE 
                                TREASURY
 
PART 20--DISTRIBUTION AND USE OF DENATURED ALCOHOL AND RUM--Table of Contents
 
                 Subpart E--Bonds and Consents of Surety
 
Sec. 20.72  Evaluation of bond penal sum.

    (a) Permittee's evaluation. Each permittee shall, for the period 
from July 1 through the following June 30, make an annual evaluation of 
the permittee's previous and future needs for specially denatured 
spirits. Based on the results of this evaluation:
    (1) The permittee shall file a new bond in increased penal sum, if 
the existing bond no longer meets the penal sum requirements of 
Sec. 20.71, or
    (2) The permittee may file a new bond in decreased penal sum, if the 
existing bond exceeds the penal sum requirements of Sec. 20.71.
    (b) Authority of appropriate ATF officer. The appropriate ATF 
officer may, at any time, require a permittee to file a new bond in a 
larger penal sum, or require a satisfactory explanation why a new bond 
should not be filed.