Section 10-B2105. OFFERING WITHOUT PROSPECTUS

 

2105.1If the Board determines that appropriate circumstances exist, it may, by the adoption of an appropriate resolution, authorize the site to be offered other than through a prospectus.

 

2105.2The form and content of each offering document issued under this section shall be reviewed and approved by the Board by a duly adopted resolution.

 

2105.3The Board's determination that an offering should be made without the issuance of a prospectus shall be based on the following factors:

 

(a)The size of the site to be offered;

 

(b)The use(s) to which the site is to be put;

 

(c)The size and extent of the market for the site; and

 

(d)The existence of exigencies warranting a shorter marketing period.

 

source

Final Rulemaking published at 29 DCR 5410, 5413 (December 10, 1982).