870 R.I. Code R. 870-RICR-30-00-8.9

Current through December 3, 2024
Section 870-RICR-30-00-8.9 - Review Process
A. Prior to consideration by the Board, each Application shall be reviewed to confirm compliance with the Corporation Act, the Act and these Rules.
1. In the case of an incomplete or deficient Application, the Corporation shall provide notice of a conditional rejection to the Applicant within thirty days.
2. The Applicant shall have fifteen days from the date of the notice of conditional rejection under § 8.9(A)(1) of this Part to provide all additional information to the Corporation or otherwise cure such deficiencies in the Application necessary to complete the Application.
a. If the Applicant fails to timely provide any additional information, the Application shall be deemed rejected without further action by the Corporation.
b. If the Applicant fails to timely provide all additional information to the Corporation or cure any deficiencies necessary to complete the Application, the Corporation shall provide a final notice of rejection and denial to the Applicant within thirty days after the deadline for submission under § 8.9(A)(2) of this Part. Upon the issuance of such final notice of rejection and denial, the Applicant shall only be eligible to submit a new Application with a new submission date.
c. If the Applicant timely provides all additional information to the Corporation and cures any deficiencies necessary to complete the Application, the Corporation shall provide a notice to the Applicant within thirty days after the deadline for submission under subsection § 8.9(A)(2) of this Part indicating that the staff of the Corporation has referred the matter to the Board for consideration and the Application shall be considered filed as of the original date of submission for the purposes of consideration by the Board.
B. After submission of an Application and review by the Corporation which is not rejected, the staff of the Corporation shall refer the Application for review and consideration by the Board.

870 R.I. Code R. 870-RICR-30-00-8.9

Adopted effective 9/27/2019
Amended effective 3/24/2020