|(a) "Grandfathered Lessor's License" means a commercial
lessor license that was in effect on June 10, 1989, and that has been
in effect continuously since that date.
(b) The Commission's approval to transfer a Grandfathered
Lessor's License from a current license holder to a new license holder
does not transfer the grandfathered leasing rights. The new license
holder's authority under the transferred license shall be subject
to the eligibility requirements set forth in Bingo Enabling Act §2001.152(a)
(and any successor statute thereto).