C. The application fee for a license for a slot machine operator is $200,000.

D.__The application fee for a license for a gambling services vendor or nongambling services vendor is $2,000.

E.__The application fee for an employee license under section 1015 is $250 and under section 1016 is $50.

In addition to the application fee for a license or annual fee for a registered slot machine, the board may charge a one-time application fee for a license or registration listed in paragraphs A to E in an amount equal to the projected cost of processing the application and performing any background investigations.__If the actual cost exceeds the projected cost, an additional fee may be charged to meet the actual cost.__If the projected cost exceeds the actual cost, the difference may be refunded to the applicant.__All fees collected pursuant to this section must be deposited directly to the General Fund.__All application and registration fees are nonrefundable and are due upon submission of the application.

2. Term of license; renewal.__All licenses issued by the board under this chapter are effective for one year, unless revoked or surrendered pursuant to subchapter 5.__A license may be renewed by the board for an additional year upon proper application in accordance with rules adopted by the board and payment of the required fees and taxes.

3. Not transferable.__A license issued under this chapter is not transferable or assignable.

4.__Hearing.__A full adjudicatory hearing is not required for the denial of an initial license or registration application.__ Appeals of license or registration denials must be conducted in accordance with section 1051, subsection 4.

5.__Vested rights.__A person does not have any vested rights in any license, registration, authorization, permit, application or process provided or offered under this chapter.

§1020.__Other requirements

1.__Waiver of liability for disclosure.__An applicant or licensee shall provide all information required by this chapter and rules adopted under this chapter and satisfy all requests for information pertaining to licensing, in the form specified by the