A license expires on June 30 after its effective date, unless the license is renewed for a 1–year term as provided in this section. At least 1 month before a license expires, the Board shall send each licensee, by electronic means or first–class mail to the last known electronic or mailing address of the licensee, a renewal form and a renewal notice that states: The date on which the current license expires; That the renewal application and fee must be received by the Board on or before the license expiration date; and The amount of the renewal fee. Before a person’s license expires, a licensee periodically may renew the license for additional 1–year terms, if the licensee: Otherwise is entitled to be licensed; Pays to the Board a renewal fee of $125; and Submits to the Board a renewal application on the form that it requires. A person who is licensed to operate a horse establishment has a grace period of 60 days after the person’s license expires to renew the license retroactively, if the person: Otherwise is entitled to renew the license; Submits to the Board a renewal application on the form required by the Board; and Pays to the Board the renewal fee and any late fee set by the Board. The Board may reinstate the license of a former licensee if the former licensee: Applies for the reinstatement more than 60 days after the license renewal deadline; Otherwise is entitled to renew the license; Submits to the Board an application for reinstatement on the form required by the Board; and Pays to the Board a reinstatement fee and the renewal fee set by the Board.