(a) Before the third anniversary of a certified capital company’s allocation date, the company must make qualified investments in an amount cumulatively equal to at least 30 percent of the company’s certified capital, subject to § 228.153(b).
(b) Before the fifth anniversary of a certified capital company’s allocation date, the company must make qualified investments in an amount cumulatively equal to at least 50 percent of the company’s certified capital, subject to Sections 228.152(b) and 228.153(b).