This bill establishes a new procedure for the transfer of plenary retail consumption licenses, which are typically issued to bars and restaurants, when land is annexed from one municipality to another. Specifically, it mandates that a plenary retail consumption license associated with a premises on annexed land be transferred to the governing body of the municipality that annexes 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.

Furthermore, the bill removes the existing population limitation that restricts municipalities from issuing plenary retail consumption licenses based on their population size, which is currently set at one license for every 3,000 residents. This means that licenses transferred or newly issued under this bill would not be subject to this population cap, thereby facilitating the process for municipalities involved in land annexation. The bill is set to take effect immediately upon enactment.