In this section, “nonprofit performing arts theater” means an area, a building, or a structure designed and used for plays, acts, dramas, concerts, or similar events by individuals performing on a stage. There is a nonprofit performing arts theater beer and wine license. The Board may issue the license for use on the premises of a performing arts theater that: has seating; and is operated by a nonprofit organization. The president and two other officers of the nonprofit performing arts theater shall sign the application for the license. The license authorizes the holder to sell or serve beer and wine at retail for on–premises consumption. The license holder may sell or serve beer and wine from 1 hour before to 1 hour after: a regular performance; or a fund–raiser performance that benefits the nonprofit performing arts theater. The license holder may purchase beer and wine from a licensed wholesaler. The annual license fee is $300.