410-1-11-.03. Failure To Incur The Obligation

If the holder of the Certificate of Need fails to incur the firm commitment or obligation within the initial twelve-month (12 month) period, or during any extension period, then the certificate shall be terminated and shall be null and void. No extension can be granted except upon written application for the extension before the initial expiration date of the Certificate of Need. If there has been no firm commitment or obligation or application for an extension filed with SHPDA within the initial twelve-month (12 month) period, then the certificate shall be terminated and shall be null and void.