Application Period and Fees for Class A and Class B Licenses

PURPOSE: This rule establishes an application period and fees. (1) The one (1)-time nonrefundable application fee for a Class A license shall be the greater of a) fifty thousand dollars ($50,000) or b) fifteen thousand dollars ($15,000) per key person/key business entity not licensed as a key person/key business entity or under investigation for a license as a key person/key business entity at the time of application, or a greater amount as determined by the commission. The applicant or licensee shall be assessed fees, if any, to cover the additional costs of the investigation. (2) The one (1)-time nonrefundable application fee for a Class B license shall be fifty thousand dollars ($50,000). The applicant or licensee shall be assessed fees, if any, to cover the additional costs of the investigation. (3) For any Class A or Class B applicant that has not been selected for priority investigation or had other affirmative action taken on their application within one (1) year, the application shall lapse and consideration for either a Class A or Class B license in the future shall require submittal of a new application and fee. (4) The annual fee for a Class A license and a Class B license shall be twenty-five thousand dollars ($25,000) each, said amount being the minimum statutory annual license fee for anyone licensed under subsection 313.807.1, RSMo, and is due upon issuance of the initial license and thereafter is due annually. The Class A and all Class B licenses owned by the same Class A license shall renew all licenses within the same month, after the second year. The commission may adjust renewal dates of the Class A and Class B licenses so as not to consume commission resources in any particular month. Any such adjustments shall result in a pro rata adjustment of fees. This fee is nonrefundable and is due regardless of whether the renewal applicant obtains a renewed license. The applicant or licensee shall be assessed fees, if any, to cover the additional costs of the investigation. (5) A Class A license is not transferable except by change of control as provided in Chapter 11 CSR 45-10. (6) A Class B license is transferable to a Class A licensee with prior approval of the commission as provided in Chapter 11 CSR 45-10. AUTHORITY: sections 313.004 and 313.812, RSMo 2000, and section 313.807, RSMo Supp. 2013.* This rule originally filed as 11 CSR 45-4.050, renumbered as 11 CSR 454.055, effective May 30, 2008. Original rule filed Dec. 3, 2007, effective May 30, 2008. Amended: Filed Aug. 30, 2012, effective March 30, 2013. Amended: Filed Dec. 5, 2013, effective Aug. 30, 2014. *Original authority: 313.004, RSMo 1993, amended 1994; 313.807, RSMo 1991, amended 1993, 2000, 2012; and 313.812, RSMo 1991, amended 1993, 1994, 2000.