31.0514 Expiration and renewal of license.
(a) All licenses issued under this chapter expire on 31 December of each year.
(b) When an application for renewal has been filed with the Administrator, he shall, within 30 days thereafter, either renew the license, with or without modification, or refuse to renew the license.
(c) If an application for renewal is filed prior to the expiration of a license, the license remains valid after expiration until it is finally renewed, modified, limited, or refused by the Administrator or, in case a hearing is requested, by the Board.
(d) If an application for renewal is not filed within 6 months after expiration of a license, the licensee is required to apply for a new license.History: 1969, PL 11-38.