(a) The following shall be the grounds for the payment of a refund on account of a license fee paid pursuant to the provisions of the Games of Chance Licensing Law:

1. (1) In the event that an application for a license or an application to amend a license is not granted, the fee paid with such application shall be returned to the applicant. An application for such refund may be made within one year of the denial of the application for a license or the application to amend a license.
2. (2) In the event that a licensee of a license issued pursuant to the provisions of the Games of Chance Licensing Law shall voluntarily discontinue the conduct of games of chance for which such license was issued, the unused portion in excess of $50 of paid license fees shall be refunded. An application for such refund may be made within one year of the voluntary discontinuance of the conduct of games of chance for which such license was issued.
3. (3) In the event that a licensee of a license issued pursuant to the provisions of the Games of Chance Licensing Law shall relocate to another municipality, the unused portion in excess of $50 of paid license fees shall be refunded to such licensee. An application for such refund may be made within one year of the relocation of such licensee to another municipality.