D.C. Mun. Regs. tit. 10, r. 10-B5809

Current through Register Vol. 71, No. 36, September 6, 2024

Rule 10-B5809 - SECURITY FOR OBLIGATIONS

5809.1

The Mayor shall make reasonable provisions to ensure repayment of any security deposit assistance provided to, or the payment of any obligations undertaken by, a Qualified High Technology Company pursuant to the Act or these regulations.

5809.2

The Mayor may accept as security for any security deposit assistance or obligation:

(a) Warrants;

(b) Options;

(c) Equity;

(d) Preferred shares;

(e) Convertible debt; or

(f) Any combination of the foregoing.

D.C. Mun. Regs. tit. 10, r. 10-B5809

Final Rulemaking published at 49 DCR 7502(August 2, 2002)