Utah Admin. Code R362-4-9 - Confidentiality

(1) In accordance with the requirements in Section 63M-4-604, the Office will treat each applicant's documents as protected records under Sections 63G-2-305 and 63G-2-309. Notwithstanding this policy, the applicant will be responsible for providing the Office a business confidentiality form for documents submitted to the Office that it wants protected from public disclosure and clearly marking those documents confidential.

(2) Each applicant agrees to provide the Office sufficient information to determine eligibility, and the Board sufficient information to make a recommendation, as well as disclose sufficient information for the Office to meet its statutory reporting requirements.

(3) As part of the duties assigned to the Office in administering the tax credit, the Office is required to report to the Revenue and Taxation Interim Committee of the Utah State Legislature information related to the amount of tax credits granted, and the amount of infrastructure-related revenue generated by the high cost infrastructure projects receiving those tax credits.

(4) In accordance with the Utah Open and Public Meetings Act, Board meetings where voting on the approval of tax credits takes place will be open to the public.

Notes

Utah Admin. Code R362-4-9

Adopted by Utah State Bulletin Number 2016-15, effective 7/14/2016 Amended by Utah State Bulletin Number 2019-5, effective 2/5/2019 Amended by Utah State Bulletin Number 2021-02, effective 1/11/2021