(a) Subject to the provisions of this section, the Board may reinstate:
(1) any permit that has been revoked; or
(2) before fulfillment of the conditions of the suspension, any permit that has been suspended.
(b) A permit may be reinstated under this section only if:
(1) the partnership, limited liability company, or corporation whose permit has been revoked or suspended submits a written request to the Board;
(2) the Board holds a hearing on the request;
(3) the Board, by an affirmative vote of a majority of its members, votes to reinstate the permit; and
(4) the partnership, limited liability company, or corporation pays to the Board a reinstatement fee set by the Board.