D.C. Mun. Regs. tit. 10, r. 10-B5012
Applications for bond financing shall be submitted to the Office of Business and Economic Development (OBED) on or before May 1, 1986, in order to be eligible for priority status pursuant to § 5013.2 for purposes of allocating the District's 1986 Volume Cap pursuant to H.R. 3838 or other new federal tax legislation.
The OBED shall first process those applications which are received on or before the close of business on May 1, 1986, and which are complete. These applications shall hereinafter be referred to as "Allocation Applications."
The OBED shall process all other applications pursuant to §§ 5012.9, 5012.10 and 5012.11.
The OBED shall make a determination of the completeness of Allocation Applications received pursuant to §§ 5012.1 and 5012.2.
An Allocation Application shall be determined to be complete if all material questions are answered completely and correctly and the facility applicant, as defined in § 5099, has submitted fully executed copies of the following:
The Corporation Counsel shall make a preliminary determination of the legal sufficiency of Allocation Applications received pursuant to §§ 5012.1 and 5012.2.
An Allocation Application shall be determined to be legally sufficient if, based on the information received from the facility applicant and the legal sufficiency review of bond counsel pursuant to § 5011.11, the Corporation Counsel determines that there are no legal impediments which prevent issuance of the bonds requested by the Allocation Applications.
An Allocation Application determined by the OBED to be complete pursuant to § 5012.4 and determined by the Corporation Counsel to be legally sufficient pursuant to § 5012.6 shall be considered by the OBED for allocation under the District's 1986 Volume Cap.
The OBED shall also review any Existing Bond Application submitted prior to April 2, 1986, for which bonds have not been issued and for which the facility applicant restates an intention to seek issuance of the bonds.
The facility applicant's intention, with respect to its Existing Bond Application, shall be delivered in writing to the OBED by close of business on May 1, 1986, in order to be considered for purposes of priority allocation under the District's 1986 Volume Cap. The Existing Bond Application of a facility applicant shall also satisfy the requirements of §§ 5012.5, 5012.7 and 5012.8.
The OBED shall also process the following:
Applications processed pursuant to § 5012.11 shall not be considered for allocation under the District's 1986 Volume Cap unless and until the earlier of the following occurs:
D.C. Mun. Regs. tit. 10, r. 10-B5012