73A-7.007. Program Exit

(1) Application to exit. A rural fund may apply to exit the Program by submitting Form COM-73-008 (effective date 04/2026), Rural Fund Exit Application, which is incorporated by reference and available online at: http://flrules.org/Gateway/reference.asp?No=Ref-19150, electronically to RCIP@commerce.fl.gov to the Department on or after the sixth anniversary of its Credit Certification Date. (2) The Department shall review each application to determine whether credits have been recaptured, whether the rural fund has received a notice of recapture that has not been cured, and whether there are any carryover credits or unused credits remaining. (3) The Department shall approve or deny the completed application within 15 days after the Department’s receives a completed Form COM-73-008 (effective date 04/2026), Rural Fund Exit Application, which is incorporated by reference and available online at: http://flrules.org/Gateway/reference.asp?No=Ref-19150. Denial notices shall include the reason(s) for the determination.