Current through Register Vol. XLI, No. 25, June 21, 2024
Section 142-7-7 - Revocation Of Qualification7.1. In the event that the Director has probable cause to believe that a Qualified or a Provisionally Qualified Mechanism is operating in contravention of the requirements of the Act, the Legislative Rule, Series 3, or this Rule, written notification shall be sent to the Mechanism, outlining the perceived deficiencies, fixing a time within which to respond and identifying any additional information which may be required.7.2. Upon receipt of the Qualified or Provisionally Qualified Mechanism's reply, the Director shall determine whether the approval granted should be revoked, continued as before or continued for a period contingent upon compliance with such conditions as may be set forth in the declaratory ruling. This ruling will be reflected in a report, as provided in Section 4.3. Failure of the Mechanism to comply with conditions so stated shall result in the automatic revocation of approval, as of the date provided in the declaratory ruling.7.3. After revocation of approval, a Mechanism may reapply, pursuant to the application procedures in Section 3 of this Rule, following one (1) year after the date of such revocation.