(b) (1) The Board may issue the license for use by a club that:

(i) has a dining room;

(ii) has a regular seating capacity at tables, excluding seats at bars or counters, for at least 50 individuals; and

(iii) operates in a facility with an assessed real property valuation of at least $20,000.

(2) The license authorizes the license holder to sell beer, wine, and liquor at a club, at the place described in the license, for on-premises consumption.

(c) The annual license fee:

(1) for a club that is a local chapter of a nationally organized nonprofit fraternal or veterans’ organization is $1,200; and

(2) for any other club is $1,500.