(a) The commission shall require each applicant for an original racetrack license to pay the required application fee. The fee must accompany the application and be paid in the form of a cashier's check or certified check.
(b) The commission shall set application fees in amounts reasonable and necessary to cover the costs of administering this subtitle. The commission by rule shall establish a schedule of application fees for the various types and classifications of racetracks using minimum application fees. The minimum application fee:
(1) for a horse racetrack is:
(A) $15,000 for a class 1 racetrack;
(B) $7,500 for a class 2 racetrack;
(C) $2,500 for a class 3 racetrack; and
(D) $1,500 for a class 4 racetrack; and
(2) for a greyhound racetrack is $20,000.
(c) Notwithstanding this section, if a licensed racetrack petitions for a higher racetrack classification, the commission shall impose fees equal to the difference between the fees previously paid and the fees required for the higher classification.