(a) All licenses issued pursuant to § 53-14-105 shall specify:

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Terms Used In Tennessee Code 53-14-106

(1) The name and address of the licensees;
(2) The nature of the authorized project or projects;
(3) The nature of legend drugs, controlled substances or controlled substance analogues to be used in the project; and
(4) Whether dispensing to human subjects is permitted.
(b) A license shall expire one (1) year from the date of issuance, or upon termination of the authorized project or projects, whichever comes first, and shall be renewable annually at a fee of thirty dollars ($30.00).
(c) No license shall be transferable.
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