There is a Class C beer and wine street festival license. The Board may issue the license to a person that is eligible to hold a Class C multiple day or multiple event license. The license authorizes the holder to sell beer and wine for on–premises consumption at an entertainment event that is: held in an arts and entertainment district; and if required, approved by the mayor and town council of the municipality where the event is located. During an event for which the license is issued, an individual in the event area approved by the Board who uses a designated container unique to the event may: purchase beer or wine from: the holder of the beer and wine street festival license; or another license holder with on–sale privileges within the arts and entertainment district; transport beer or wine in the designated container: to the premises of a license holder with on–sale privileges in the arts and entertainment district; and in the approved event area; and consume beer and wine: on the premises of a license holder with on–sale privileges in the arts and entertainment district; and in the approved event area. An applicant for the license shall submit an application on the form that the Board provides. The Board shall: hold a hearing on a license application; and publish notice of the license application hearing one time at least 7 days before the hearing. A license holder may purchase beer and wine from a holder of a retail or wholesaler’s license. The license holder: shall distribute a wristband to each individual who is at least 21 years old at the event for which the license is issued; and may not serve beer or wine to an individual who does not wear a wristband. The organization for which the license is issued shall ensure that at least one server who is certified by an approved alcohol awareness program is on the premises when alcoholic beverages are served. The license holder may hold another license of a different class or nature. The license may be used for a maximum of 26 days in a calendar year. The license fee is $50 per day. The Board shall adopt regulations to carry out this section.