Section 10-B3205. OFFERING WITHOUT PROSPECTUS

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3205.1If the Director determines that appropriate circumstances exist, he or she may authorize the site to be offered other than through a prospectus.

3205.2The form and content of each offering document issued under this section shall be reviewed and approved by the Director.

3205.3The Director'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 41 DCR 7048, 7053 (October 28, 1994).

                    
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