1. (a) New Licenses and Fees

   1. (1) Initial License. Initial licenses issued after the effective date hereof expire on the last day of the licensee's birth month not less than one year nor more than two years following the license issue date. The monthly fee for the initial license, payable in a lump sum, is equal to one twenty-fourth (1/24) of the biennial license fee.
   2. (2) Renewal Licenses. The renewal period of a license issued under subsection (a) hereof is two years beginning on the 1st day of the month following the licensee's birth month.

2. (b) Outstanding Licenses and Fees

   1. (1) Initial Expiration Dates: Individual licenses outstanding on the effective date hereof expire on May 31 or November 30 two years from their issue date.
   2. (2) Initial Renewal Period. The initial renewal period for a license described in subsection (b)(1) hereof is the number of months from its expiration date to the last day of the licensee's birth month not less than one year nor more than two years following the license issue date. The monthly fee for the initial license, payable in a lump sum, is equal to one twenty-fourth (1/24) of the biennial license fee.
   3. (3) Subsequent Renewal Periods. The renewal period of a license described in subsection (b)(2) hereof is two years beginning on the 1st day of the month following the licensee's birth month and biennially thereafter.

Source Note:The provisions of this §203.26 adopted to be effective March 5, 2003, 28 TexReg 1889.