04 NCAC 25 .0108             SANDBOX PARTICIPANT REQUEST FOR EXTENSION

(a)  A Sandbox participant may request an extension, no later than 30 business days before the end of the Sandbox period, of not more than 12 months, for the purpose of obtaining a license or other authorization required by law to offer the Sandbox product or service in the open market.

(b)  The written request for an extension shall be made to the Executive Director and shall include:

(1)           A current monitoring and evaluation report;

(2)           A statement of the reasons for the extension; and

(3)           A statement of any modifications or changes required for the innovative product or services during the extension period.

(c)  Upon receipt from the Executive Director of a request for an extension, the applicable State agency or agencies shall provide a determination for the request to the Council in writing. If the agency or agencies do not provide a determination within 10 business days, the Council, in its discretion, may deem the request for an extension acceptable. If the applicable State agency or agencies cannot complete the review of the extension request within 10 business days, the agency or agencies may request additional time for review by submitting a written request to the Executive Director. Upon receipt of a written request for additional time from an agency, the Executive Director shall inform the Council of the request, and the Council may, in its discretion, allow additional time for review.

(d)  The Executive Director will notify the Sandbox participant of approval or denial within five business days of the end of the Sandbox period.

History Note:        Authority G.S. 169-4; 169-6;

Eff. March 1, 2025.