If, following issuance, reissuance or transfer of a permit, a change in circumstances is reported by the permit holder, the Permit Board may reconsider such action after notice to the applicant and the opportunity for a hearing in accordance with Miss. Code Ann. section 49-17-29(4)(Supp. 1993) and, if it deems appropriate, revoke or modify the permit.
11 Miss. Code. R. 4-7.18