Sec. 8. (a) Unless a supplier’s license is suspended, expires, or is revoked, the supplier’s license may be renewed annually upon:

(1) the payment of a seven thousand five hundred dollar ($7,500) annual renewal fee; and

(2) a determination by the commission that the licensee is in compliance with this article.

     (b) The holder of a supplier’s license shall undergo a complete investigation every three (3) years to determine that the licensee is in compliance with this article.

     (c) Notwithstanding subsection (b), the commission may investigate the holder of a supplier’s license at any time the commission determines it is necessary to ensure that the licensee is in compliance with this article.

     (d) The holder of a supplier’s license shall bear the cost of an investigation or reinvestigation of the licensee and any investigation resulting from a potential transfer of ownership.

     (e) A person who on June 30, 2009:

(1) held a supplier’s license under IC 4-35-6; and

(2) did not hold a supplier’s license under this chapter;

may obtain a renewal of the supplier’s license under this chapter.

     (f) A license renewed and held under this chapter after June 30, 2009, satisfies the requirements of IC 4-35-6-1 with respect to suppliers for gambling games conducted at racetracks (as defined in IC 4-35-2-9).

     (g) This subsection applies to a supplier described in subsection (e) who applies for a renewal under this chapter. If the supplier’s application is approved by the commission, the supplier is entitled to deduct the product of the following from the renewal fee due under subsection (a):

(1) six hundred twenty-five dollars ($625); multiplied by

(2) the number of months remaining on the annual license issued to the supplier under IC 4-35-6 when that license was terminated on July 1, 2009.

As added by P.L.20-1995, SEC.13. Amended by P.L.142-2009, SEC.13.