(1) A GHG permit holder may apply to renew the permit only if none of the following is outstanding--
(a) annual rent for the GHG permit;
(b) a civil penalty under section 87 for nonpayment of annual rent;
(c) security required for the GHG permit, as required under section 271;
(d) interest payable under section 372 on annual rent or a civil penalty.
(2) Also, the application can not be made--
(a) more than 60 business days before the end of the GHG permit's term; or
(b) after the GHG permit has ended.