In this section, “small event center” means a venue that operates on a per–event basis or on a limited schedule and does not maintain standard daily hours of operation. There is a Class B–SEC (small event center) beer, wine, and liquor license. The Board may issue the license for use in a small event center that has kitchen and dining facilities to accommodate between 75 and 110 individuals, inclusive. The license authorizes the license holder to sell beer, wine, and liquor for on–premises consumption to individuals attending an event at the small event center described in the license. The Board may not issue more than: 24 licenses in a license year; or 3 licenses to apply in each State legislative district in the county at any one time. The small event center shall have: for a small event center approved for or under construction, a minimum capital investment, not including the cost of land, buildings, or leasing, of $350,000 for small event center dining facilities and kitchen equipment; for a small event center that is open to the public for events, a minimum appraised value, not including the cost of land, buildings, or leasing, of $350,000 for small event center dining facilities and kitchen equipment; and food available during the hours of operation for an event. The license holder may sell beer, wine, and liquor during the hours and days as set out for a Class B beer, wine, and liquor license under § 26–2004 of this title, subject to county use and occupancy laws for hours of operation. The annual license fee is $3,500.