(1) If, as part of the qualification procedure outlined in ARM 8.97.804, a "certified" company submits a plan for raising capital that the administrator determines to be reasonable, and there are tax credits not otherwise reserved or allocated, the administrator shall reserve tax credits for investors and potential investors in the company up to and including the maximum amount of the tax credits allowed by law.

(2) The reservation of tax credits expires if the credits are not allocated within one year of the date reserved unless extended for good cause by the administrator or within one year of the effective date of this subsection, whichever is longer. Those credits will thereafter be available to any qualified company pursuant to these rules.