75F - PH CANNABIS BUSINESS INTEGRATION

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subsection (c), any unapplied amount of such security deposit, upon depositor's presentation to the collector of a certificate of nonliability stating the nonliability of the depositor for payment of business license taxes as hereunder provided in section 21-141(f). (g) Deposit adjustment —effect. In the case of a determination by the collector that the amount of a previously posted commercial cannabis business owner's/operator's posted on a cash basis, then the collector shall refund the excess amount. If the Prior security deposit was posted on a non -cash basis, then an adjusted cash basis security deposit or adjusted non -cash basis security deposit in a form acceptable to the collector may be posted in exchange for the release of the prior security deposit. Section 9. Section 21-141 of Article XIII of Chapter 21 of the Santa Ana Municipal Code is hereby added to read as follows: Sec. 21-141. Sale, assianment, transfer, or termination of business commercial cannabis business owner's/operator's duty to notify: remitting and reporting requirements: closeout audit: successor's duty to notify: successor's and transferor's joint and several liability: certificate of nonliability. (a) Owner/Operators duty to notify. i. Termination of business. A commercial cannabis business owner/operator business. If the decision to terminate business is made within less than a termination of business. H. Sale, assignment, or transfer of business. A commercial cannabis business owner/operator who is selling, assigning, or otherwise transferring their days in advance of the date of the sale, assignment, or transfer and shall notify the collector in writing of the name and address of the purchaser, prior to the sale, assignment, or transfer, in which case the transferor shall then immediately notify the successor of the successor's responsibility for 19 75F-25