(a) Subject to the provisions of this section, the Board may reinstate:
(1) a permit that has been revoked; or
(2) before fulfillment of the conditions of the suspension, a permit that has been suspended.
(b) A permit may be reinstated under this section only if:
(1) the corporation, partnership, or limited liability company whose permit has been revoked or suspended submits a written request to the Board; and
(2) the corporation, partnership, or limited liability company pays to the Board a reinstatement fee set by the Board.
(c) The Board, by an affirmative vote of a majority of its members then serving, shall vote on the request for reinstatement or lifting of the suspension within 60 days after receipt of the request.