Procedure For Consideration Of Application For Delayed Licensing

Procedure For Consideration Of Application For Delayed Licensing. Any application for delayed licensing, whether by the limited partnership pursuant to Rule 6.4, or by an individual limited partner pursuant to Rule 6.5 of this regulation, shall be made to the Executive Director on forms furnished by the Executive Director. The Executive Director shall investigate the applicant and make a recommendation to the Commission which shall determine whether to grant or deny the application for delayed licensing. The Executive Director has full and absolute power and authority, to the extent permitted by law, to recommend the granting, denial, limitation, conditioning or restriction of any application for delayed licensing required or permitted by law or this regulation for any cause deemed reasonable by the Executive Director. The Commission shall have full and absolute power and authority to grant, deny, limit, condition, or restrict any application for delayed licensing required or permitted by the Act or this regulation for any cause deemed reasonable by the Commission. (Adopted: 09/25/1991.)