Issuance of license; fee; bond

Sec. 8. If the commission determines that a person is eligible under this chapter for an owner's license, the commission may issue an owner's license to the person if: (1) the person pays an initial license fee of twenty-five thousand dollars ($25,000); and (2) the person posts a bond as required in section 9 of this chapter. As added by P.L.277-1993(ss), SEC.124.