In this section the following words have the meanings indicated. “Pub crawl” means an event in which: an organized group of at least three license holders whose premises are within walking distance of each other participates in a coordinated promotion to sell or provide alcoholic beverages during a specified time; and at least 75 individuals are reasonably anticipated to participate. “Pub crawl promoter” means an individual, a for–profit organization, or a nonprofit organization that conducts a pub crawl. There is a pub crawl promoter’s permit. A pub crawl promoter or a participating license holder on behalf of a pub crawl promoter shall obtain the permit from the Board before the pub crawl promoter may publicize, sell tickets for, organize, operate, produce, or stage a pub crawl. Except as provided in paragraph (2) of this subsection, the Board may grant the permit to an applicant who submits an application to the Board as provided under Title 4 of this article at least 42 days before the date of the pub crawl. Before being granted the permit, an applicant shall: obtain a special event permit from the Baltimore City Department of Transportation; provide a copy of the special event permit to the Board; and provide a completed application that: is signed and dated by each license holder that will participate in the pub crawl; lists each premises for which the pub crawl will be held; and is accompanied by any other document that the Board requires. An application may not be altered within 30 days before the pub crawl is scheduled to take place. Within 14 days after receiving an application, the Board shall grant or deny the permit or request more information from the applicant. The permit authorizes the pub crawl promoter and participating license holders to conduct a pub crawl. The permit for each pub crawl may be in effect for the time stated on the special event permit required under subsection (d)(2) of this section. The Board may adopt regulations establishing the requirements for: conducting a pub crawl, including health and safety standards to be met by the pub crawl promoter and participating license holders; and providing public notice of a pub crawl at the premises of participating license holders by the pub crawl promoter or participating license holders. The application fee is $50, payable on the submission of the application. Subject to subparagraph (ii) of this paragraph, the permit fee, payable when the permit is granted, is: $120; and $100 for each license holder that participates in the pub crawl. On receipt of an application, the Board may reduce the permit fee by not more than 50% if the applicant shows that the proceeds from the pub crawl after administrative expenses are deducted shall be used to benefit an organization that is exempt from taxation under § 501(c)(3) of the Internal Revenue Code.