W. Va. Code R. § 179-8-27

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 179-8-27 - Payment of the Annual License Renewal Fee

27.1. The licensee shall pay the annual license renewal fee of $2,500,000 by electronic funds transfer. The licensee's fee payment must be received by the West Virginia Lottery on or before June 30 of each year.

27.2. The licensee shall submit to the Commission a renewal application in the form that the Commission requires accompanied by satisfactory evidence of compliance with any additional requirements set by the Commission for license renewal.

27.3. The licensee shall submit to the Commission evidence satisfactory to the Commission of the licensee's compliance with the plan described in W. Va. Code § 29-22C-8(g)(3) and subsection 2.60 of this rule to operate a hotel with significant amenities on the racetrack property, or progress toward constructing a hotel.

27.4. The Commission shall renew the license if the licensee meets the requirements of the Act and this rule.

W. Va. Code R. § 179-8-27