For each licensing year, July 1 through June 30, an owner or operator shall apply for a limited use veterinary hospital license on a Board form and pay the applicable annual fee. A person may not operate a limited use veterinary hospital unless the person holds a valid limited use veterinary hospital license. After giving a person notice and an opportunity to be heard, the Board may reject that person's application for a limited use veterinary hospital license, or suspend or revoke a limited use veterinary hospital license the Board previously issued if the: Veterinary hospital does not meet the minimum requirements for a limited use veterinary hospital as provided under this chapter; Applicant, owner, or operator fails to pay the required annual fee; or Applicant, owner, or operator fails to allow the Board to inspect the facility during normal business hours. A holder of a limited use veterinary hospital license may not transfer the license to another.