Section 450.20  License Application

a)         An application for a license to operate as a horseman's bookkeeping system licensee shall be made on forms furnished by the Board.

b)         One original and one copy of the application shall be filed at the Board's central office at 100 W. Randolph St., #7-701, Chicago IL 60601.

c)         The applicant shall submit a one-year license fee of $25.

d)         The applicant shall submit with the application all contracts with organization licensees and instruments evidencing any indebtedness between the applicant and any and all organization licensees.

e)         If circumstances change or events occur after the filing of an application, the applicant shall submit an amendment to the Board.  Examples of these changes include, but are not limited to, a change of corporate officers and the signing of additional contracts with organization licensees.