§24–1408.

    (a)    If a license holder voluntarily surrenders the license before its expiration date, the Board shall grant a refund:

        (1)    based on the number of whole months remaining before the license expiration date; and

        (2)    calculated as 1/12 of 95% of the license fee paid for each whole month remaining before the license expiration date.

    (b)    A refund shall be paid not later than 3 weeks after the license is surrendered to the Board.