§13–826.

    The following securities are acceptable:

        (1)    a bond issued by a surety company that is authorized to do business in the State and is approved by the State Insurance Commissioner as to solvency and responsibility;

        (2)    cash in an amount that the tax collector approves;

        (3)    marketable securities that the tax collector approves; or

        (4)    for admissions and amusement tax, alcoholic beverage tax, boxing and wrestling tax, and tobacco tax, an irrevocable letter of credit:

            (i)    in an amount that the Comptroller approves; and

            (ii)    with a date certain for coverage during the collection period.