No licensee under s. 562.05 (1) (a) or (b), Stats., may construct, expand, reduce, alter, or otherwise modify an existing or proposed race track facility after a license has been issued under s. 562.05 (1) (a) or (b), Stats., for that facility, which would result in an increase or decrease of $10,000 per year or more in the development costs of the facility as proposed at the time the license was granted or which would cost in excess of $10,000 per year at an existing facility, without the prior approval of the division. If a licensee fails to obtain the required approval, the division may revoke or suspend the licensee’s license and impose a fine under s. 562.13, Stats.

History

History: Cr. Register, May, 1990, No. 413, eff. 6-1-90; CR 03-070: am. Register November 2003 No. 575, eff. 12-1-03.