801 Mass. Reg. 30.06
The secretary shall respond to each request for an allocation within 14 days. Failure to respond within 14 days shall be deemed to be a denial of the request. Responses shall be in writing and shall reference the project for which the allocation was requested. In granting an allocation to a project the secretary will specify the amount of the allocation being granted, and the date on or before which the bonds must be issued in order for the allocation to be effective. In addition, the secretary shall require from the issuer, within three days after the date of closing, certification from the issuer or bond counsel in writing of said closing, including the amount of the issue. If the secretary determines that a project will not be granted an allocation, the secretary will inform the proposed issuer, in writing, and may indicate whether a request for an allocation for that particular project may be resubmitted at a future date.
801 CMR 30.06