(a) A license shall not be issued by the Commission under this chapter for holding a race meet in any town until the town, at an annual or special meeting called for the purpose, has, by majority vote of those present and voting, approved the issuance of licenses under this chapter in the town.

(b) Upon petition by 25 percent of the voters of a town in which racing is or may be conducted under license of the Commission, alleging cause for suspension of a license, the Commission may suspend the license for the holding of races or meets pending hearing on the petition. If upon hearing it finds cause exists, it shall suspend the license for a period not to exceed one year. (Added 1959, No. 259, § 18; amended 1961, No. 246, § 6, eff. July 26, 1961; 1973, No. 233 (Adj. Sess.), § 9, eff. April 3, 1974; 2017, No. 74, § 130.)