§ 125.7. Permit.

 (a)  A permit is issued for 1 year, except that the Bureau may shorten or extend the effective period of a permit by not more than 6 months to facilitate the filing of timely audit reports with the next renewal application.

 (b)  If the Bureau fails to issue a decision with respect to a renewal application prior to the expiration of the permit for the prior year, the prior permit shall be automatically extended until a final decision on the renewal application is made by the Bureau. This automatic extension applies only in cases where the renewal application has been timely filed under §  125.3 (relating to application).