Regulation .19 Ownership Criteria.

SWARC may not award a license to an applicant that has not demonstrated direct or indirect ownership of not less than 5 percent by individuals with personal net worth of less than $1,847,000 each.

Owners of the applicant intended to satisfy this ownership criteria shall provide to the applicant a signed, notarized certification stating that the individual’s personal net worth is less than $1,847,000 and such certifications shall be submitted with the applicant’s SWARC application.