5. a. An individual applying for a chair or booth rental license shall:
 
   (1) Make application to the board on forms as it may require; and
 
   (2) Pay a fee as required by the board.
 
   b.   The board shall promulgate rules and regulations relating to the information to be submitted for a chair or booth rental license, including information regarding an applicant's compliance with State and federal tax laws, and the board shall issue a booth rental permit, to any person who holds a license, certificate of registration, or permit issued by the board, upon application and compliance with the following:
 
   (1) submission of a copy of the written agreement required by section 4 of P.L.2023, c.231 (C.45:5B-11.1);
 
   (2) inspection of the premises prior to the issuance of a chair or booth rental license;
 
   (3) payment of the booth rental permit fee and the booth rental inspection fee set forth by the board; and
 
   (4) receipt of an inspection report from the board indicating approval of the booth.
 
   c.   A booth rental permit shall not be transferable except that when the shop changes location, a booth rental permit may be transferred by filing a new booth rental agreement and receipt of an inspection report from the board indicating approval of the booth.
 
L.2023, c.231, s.5.