A. Unless suspended or revoked, the term of a satellite simulcast betting permit is for the remainder of the:
(1) Calendar year if the starting date on the permit is before July 1 of the calendar year; or
(2) Calendar year and the next calendar year if the starting date on the permit is after July 1 of the calendar year.
B. A satellite simulcast betting permit may not be issued for a period which extends beyond the expiration date of a contract required by Regulation .02 of this chapter.