Florida Senate - 2016 SB 698 By Senator Bradley 7-00702-16 2016698__ 1 A bill to be entitled 2 An act relating to malt beverages; creating s. 563.11, 3 F.S.; providing an inventory and reconciliation 4 process for malt beverage kegs; providing an effective 5 date. 6 7 Be It Enacted by the Legislature of the State of Florida: 8 9 Section 1. Section 563.11, Florida Statutes, is created to 10 read: 11 563.11 Inventory and reconciliation process for malt 12 beverage kegs.—In lieu of receiving a per-keg deposit as 13 required by division rule, a distributor of malt beverages which 14 sells the beverages in draft kegs to a vendor identified in s. 15 561.01(18), s. 565.02(6), or s. 565.02(7) shall implement an 16 inventory and reconciliation process with such vendors in which 17 an accounting of kegs is completed and any loss or variance in 18 the number of kegs is paid for by the vendor on a per-keg basis 19 equivalent to the required keg deposit. This inventory and 20 reconciliation process may occur twice per year, at the 21 discretion of the distributor, but must occur at least annually. 22 Upon completion of the keg inventory and reconciliation, the 23 vendor shall remit payment within 15 days of receiving an 24 invoice from the distributor. The vendor may choose to establish 25 and fund a separate account with the distributor for the purpose 26 of expediting timely payment. 27 Section 2. This act shall take effect July 1, 2016.