Section 1337 - Social equity application and fees(a) A social equity license issued under Part B of this subchapter is valid for 2 years. Each application for a social equity license must contain all of the following: (1) The application materials required by the Commissioner.(2) The discounted application fee in the amount of $1,000.(3) Materials required by § 1331(a)(3) and (a)(4) of this chapter.(b) A social equity licensee shall pay the Commissioner biennially for the social equity license at a discounted rate of 40% of the applicable open license. A social equity licensee must renew the license biennially by paying the fee required by this subsection, providing confirmation that all of the criteria in § 1336 of this title are satisfied, and by providing documentation of a labor peace agreement.Added by Laws 2023 , ch. 24, s 4 .Section 15 of the enacting legislation provides that this section takes effect upon the later of the following: (a) Publication in the Register of Regulations of a notice by the Controller General that the funds required to implement this Act have been appropriated. (b) Upon enactment.