63N-2-806. Criteria for tax credits.
(1) A tax credit applicant shall establish as part of the application required by Sectionthat the tax credit applicant: 63N-2-805 meets all of the criteria to receive the tax credit for which the tax credit applicant applies, except for the requirement to obtain a tax credit certificate; and will provide a long-term economic benefit to the state.
(2) The office may not issue a tax credit certificate to a tax credit applicant if: the tax credit applicant fails to meet the requirements of Subsection; and (1)(a) the life science establishment does not enter into an agreement described in Sectionwith the office. 63N-2-808