§ 4-33-7-8 — License renewal; compliance investigations; gambling games at racetracks; deductions

(a) Unless a supplier's license is suspended,
expires, or is revoked, the supplier's license may be renewed annually
upon:
(1) the payment of a seven thousand five hundred dollar ($7,500)
annual renewal fee; and
(2) a determination by the commission that the licensee is in
compliance with this article.
(b) The holder of a supplier's license shall undergo a complete
investigation every three (3) years to determine that the licensee is in
compliance with this article.
(c) Notwithstanding subsection (b), the commission may investigate
the holder of a supplier's license at any time the commission
determines it is necessary to ensure that the licensee is in compliance
with this article.
(d) The holder of a supplier's license shall bear the cost of an
investigation or reinvestigation of the licensee and any investigation
resulting from a potential transfer of ownership.
(e) A person who on June 30, 2009:
(1) held a supplier's license under IC 4-35-6; and
(2) did not hold a supplier's license under this chapter;
may obtain a renewal of the supplier's license under this chapter.
(f) A license renewed and held under this chapter after June 30,
2009, satisfies the requirements of IC 4-35-6-1 with respect to
suppliers for gambling games conducted at racetracks (as defined in IC 4-35-2-9).
(g) This subsection applies to a supplier described in subsection (e)
who applies for a renewal under this chapter. If the supplier's
application is approved by the commission, the supplier is entitled to
deduct the product of the following from the renewal fee due under
subsection (a):
(1) six hundred twenty-five dollars ($625); multiplied by
(2) the number of months remaining on the annual license issued
to the supplier under IC 4-35-6 when that license was terminated
on July 1, 2009.

Legislative History

As added by P.L.20-1995, SEC.13. Amended by P.L.142-2009, SEC.13.