All licenses issued pursuant to this chapter shall be valid from the date of issuance through the close of the two (2) year licensing period, which ends on July 31 of each odd- numbered year.
The Board may change the license cycle for administrative convenience.
If the Board changes the license cycle, the term of a license that is in effect on the date of the Board's determination to change the cycle may, at the Board's discretion, be extended up to three (3) years in order to permit an orderly transition. Any extension of the license term implemented under this section shall only be made by Board resolution.
D.C. Mun. Regs. tit. 17, r. 17-105