Section 450.30  Time of Filing an Application

a)         Applications for an occupation license as a horseman's bookkeeping system licensee shall be filed 60 days prior to the opening of the first race meet during a calendar year at an Illinois race track at which the applicant seeks to participate in Illinois racing.

b)         The Board may, in its discretion, upon good cause shown, receive applications at a time other than that specified in subsection (a).  Good cause means a change in ownership of horseman's bookkeeping system licensee; changes in the financial position of a horseman's bookkeeping system licensee, such as, but not limited to, the dissolution or bankruptcy of the licensee or the impossibility of a licensee furnishing services for an upcoming race meet.