Which of the following statements is true regarding the Texas Alcoholic Beverage Code (TABC)?

The correct statement regarding the Texas Alcoholic Beverage Code (TABC) is that possessing intoxicants on public school grounds is indeed covered under a separate code. This reflects the broader legal framework that addresses the sale, distribution, and consumption of alcohol, while also emphasizing that specific regulations apply in sensitive areas such as public school premises.

In Texas, the law is quite clear that the possession of alcoholic beverages on school property is regulated, and typically such actions would fall under different statutes or codes that specifically focus on the protection of minors and the maintenance of a safe educational environment. This illustrates the state's intent to prioritize public safety in school settings, separate from the general regulations that the TABC covers.

The other statements are about different aspects of alcohol regulation in Texas, but they do not accurately reflect the specific laws applicable to public school grounds. Therefore, the focus on school regulations indicates the importance of understanding the environment and context in which the TABC operates.