Vermont § 6031 - Promoters

§ 6031. Promoters

• (a) Promoter license. (1) No person shall hold or conduct a mixed martial arts event, which includes a sole
  match, in the State without first having obtained a license from the Office. (2) A person who wants to be licensed under this subsection shall apply for a promoter
  license in the manner specified by the Director in rules adopted in accordance with
  this subchapter, accompanied by payment of the required fee. (3) Licenses shall be renewed every two years on a date set by the Director in rules adopted
  in accordance with this subchapter. Licenses shall be subject to the provisions of
  this subchapter and to all rules adopted in accordance with this subchapter. (4) In addition to the bond required under this subchapter, a fee may be assessed for
  a promoter license in accordance with section 6033 of this subchapter. (5) Before any promoter license is granted or renewed, the applicant shall execute and
  file with the Office a bond to the State in the amount of $10,000.00, to be conditioned
  upon the faithful performance by the applicant of the provisions of this subchapter
  and the payment of the taxes imposed under this subchapter. The bond shall be in a
  form with sureties satisfactory to the Office. No promoter license shall be renewed
  unless this bond has been renewed and filed with the Board. (b) Event license. (1) No mixed martial arts event, including a sole match, shall be held by any promoter
  licensed under this subchapter unless the promoter has obtained from the Office an
  event license to hold the event at least two weeks prior to the first day of the event.
  The application to the Office for an event license shall be in such form, with such
  information, and at such place as the Office may, by rules adopted in accordance with
  this subchapter, prescribe. (2) A fee may be assessed for this match or event license in accordance with section 6033
  of this subchapter. The Office may charge a separate event license fee for each day
  of an event. (3) No event license shall be granted to any promoter who is not licensed in the State;
  whose license is suspended, disciplined, or revoked in any state or jurisdiction;
  or who is delinquent in paying a tax that has been assessed pursuant to section 6039
  of this subchapter. (4) No event license shall be granted until the Office performs an inspection of the facilities
  where the mixed martial arts event is to be held and of records associated with the
  event. (5) No event license shall be renewed. A separate event license shall be obtained for
  each event, including for a sole match. (Added 2021, No. 69, § 15.)