(a) The Board shall adopt regulations relating to the application process for Class C per diem licenses issued in accordance with §§ 4–1203 and 4–1204 of this article.
(b) Regulations adopted by the Board under this section may authorize the Board to:
(1) deny or revoke a Class C per diem license; or
(2) limit the number of Class C per diem licenses that may be issued to a person for the same location within a calendar year.