The governing body of a county shall verify the statements made by the applicant in the application for the transient vendor license. If the application contains a false statement, the governing body may deny the license. If the license is denied, the governing body shall refund the license fee, less administrative costs. The governing body of a county shall issue a transient vendor license within 20 days after the application is filed if: the governing body approves the application and surety bond; and the license fee is paid. The license shall: be effective for the duration and term applied for in the application not to exceed a period of 1 year; and terminate automatically.