Section 519.100  Determination of Term of Exemptions

a)         Tenants shall receive an initial 5-year designation certificate. At the expiration of this initial 5-year period, tenants may apply to the Department for renewals of certificates of exemption for additional 5-year periods not to exceed the 20-year period running from the effective date of the MOU.  Applications for renewal of certificates of exemption will be provided by the Department 90 days prior to the expiration.

b)         This provision does not preclude the applicant from entering into an additional MOU after the expiration of an earlier MOU to the extent the taxpayer's application otherwise satisfies the terms and conditions of the Act and is approved by the Department.