1. (a) The Commission shall set the term of each permit.

2. (b) If the Commission approves, a permit may be transferred to another person if:

   1. (1) the satellite simulcasting facility remains at the same location; and
   2. (2) the person complies with all regulations of the Commission established under § 11-316 of this title for the purchase or transfer of an entity licensed to conduct racing.

Added by Acts 1992, c. 473, § 2.