This bill establishes a framework for the transfer of plenary retail consumption licenses, typically held by bars and restaurants, when land is annexed from one municipality to another. Specifically, it mandates that any such license associated with premises on the annexed land be transferred to the governing body of the municipality that has annexed the land. Additionally, the bill allows the municipality losing land to issue a new plenary retail consumption license at public sale to replace the one that was transferred.

Importantly, the bill also stipulates that the existing population limitation, which restricts the issuance of new licenses to one for every 3,000 residents, will not apply to licenses transferred or newly issued under this legislation. This provision aims to facilitate the smooth transition of licenses during municipal changes and ensure that affected businesses can continue to operate without undue restrictions. The act is set to take effect immediately upon passage.