The comptroller may not issue a general business license if the comptroller finds that the applicant has been:

1. (1) finally convicted of a felony during the five years preceding the date of application; or
2. (2) placed on community supervision or released on parole for a felony conviction during the two years preceding the date of application.

Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999.