Current through Register Vol. XLI, No. 50, December 13, 2024
Section 142-7-4 - Review Of Application4.1. Upon receipt of a completed application, the Director of the Consumer Protection Division shall direct his staff to prepare a report, reviewing the operation of the Mechanism in view of the requirements of the Act and the Legislative Rule, Series 3, and to recommend an appropriate ruling on the application.4.2. After receipt of the staff report and independent review of the application, the Director shall announce his declaratory ruling, certifying the applicant as a Qualified Mechanism, granting Provisional Qualification for such time and upon such conditions as may be specified or rejecting the application.4.3. A final report will be prepared to accompany the Director's ruling, setting forth the basis therefor.