G.__Is serving in the capacity of designated representative for only one applicant at a time;

H.__Has no convictions under any local, state or federal law relating to wholesale or retail prescription drug or controlled substance distribution; and

I.__Has no felony convictions under any local, state or federal law.

4. Fingerprints.__The board shall submit the fingerprints required under subsection 2, paragraph I to the Department of Public Safety, Bureau of Identification for a state criminal history record check and the Federal Bureau of Investigation for a national criminal history record check.

5. Bond requirement.__An applicant under this section must submit to the board a bond or other equivalent means of security such as a letter of credit or a deposit in a trust account payable to the Wholesale Distributor Application Fund, established in subsection 6.__The bond must secure payment of any fine or fee imposed by or cost incurred by the State regarding the license applied for under this section that the applicant fails to pay within 30 days after the fine, fee or cost is final.__ The State may make a claim on the bond or security required under this subsection within 1 year after the license for which the bond or security is filed ceases to be valid.

6. Wholesale Distributor Application Fund.__The Wholesale Distributor Application Fund, a nonlapsing fund administered by the board, is established.__Assets are received into the fund pursuant to the bonds and securities required under subsection 5.__ The purpose of the fund is to secure the payment of a fine, fee or cost levied against a licensee under this subchapter by the State pursuant to subsection 5.

§13844.__Minimum restrictions on transactions

1. Ninety-five percent rule.__In any calendar month, a wholesale distributor must sell, distribute, transfer or otherwise furnish at least 95% of the prescription drugs possessed by the wholesale distributor to a pharmacy or other person dispensing or administering prescription drugs.

2. Purchases and receipts from pharmacies.__A wholesale distributor may not purchase or otherwise receive a prescription drug from a pharmacy, except if the prescription drug was