(b) The Board may issue the license to the holder of:

(1) a Class B restaurant or hotel (on-sale) beer, wine, and liquor license; and

(2) a Class D beer, wine, and liquor license.

(c) The license authorizes a holder to:

(1) provide beer, wine, and liquor at an event that is held off the premises for which the holder’s Class B restaurant or hotel (on-sale) beer, wine, and liquor license or Class D beer, wine, and liquor license is issued; and

(2) exercise the privileges of the license only during the hours and on the days authorized for the Class B restaurant or hotel (on-sale) beer, wine, and liquor license or Class D beer, wine, and liquor license.

(d) The license holder shall provide food for consumption at the catered event.

(e) The annual license fee is $500.

(f) This section does not require a holder of a Class B restaurant or hotel (on-sale) beer, wine, and liquor license or a Class D beer, wine, and liquor license to obtain a local caterer’s license for catering on the premises for which the holder’s Class B or Class D license is issued.