be paid at the time the license is issued.' The Director will have discretion in certain circumstances to waive these capitalization requirements.' Ste Tide 9, Section 721 of the Act. =Id at Section 719(b)(3)(A). 5 Id. at Section 719(b)(3)(B). Id at Section 719(b)(3)(A) & (B). EFTA00803845 Memo to J