1. (1) The demonstration period for an initial regulatory mitigation agreement or a joint interpretation agreement may not exceed 12 months.
2. (2) A participant may request a 12-month extension of the demonstration period for any regulatory mitigation agreement or joint interpretation agreement no later than 30 days before the end of the ongoing demonstration period.
3. (3) The office shall grant or deny an extension request before expiration of an ongoing demonstration period.
4. (4) The office may grant up to two extensions for any regulatory mitigation or joint interpretation agreement.

Renumbered and Amended by Chapter 127, 2026 General Session