                                 CODE OF VIRGINIA

DURATION, FORM OF OPERATOR&#8217;S LICENSE; BOND (§ 59.1-383)

A license issued under § 59.1-382 shall be for a period of twenty years from
the date of issuance, but shall be reviewed annually. The Commission may, as it
deems appropriate, change at the beginning of any year the dates on which the
licensee is authorized to conduct a race meeting or pari-mutuel wagering. An
applicant for renewal of a license may omit any information which in the opinion
of the Commission is already available to it. The Commission shall establish
criteria and procedures for license renewal.
		Any license issued under § 59.1-382 shall designate on its face the type or
types of horse racing or pari-mutuel wagering for which it is issued, the
location of the track or satellite facility where such meeting or wagering is to
be conducted, the period during which such license is in effect and such other
information as the Commission deems proper.
		The Commission shall require a bond with surety acceptable to it, and in an
amount determined by it to be sufficient to cover any indebtedness incurred by
such licensee during the days allotted for racing.

HISTORY: 1988, c. 855; 1991, c. 591; 1992, c. 820.