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(1) A political subdivision shall follow the procedures outlined in Title 63G, Chapter 6a, Utah Procurement Code, when selecting a qualified performance efficiency service provider.
(2) The Division of Purchasing shall maintain a list of qualified performance efficiency service providers.
(3) The qualified performance efficiency service provider selected from the bid process shall prepare an investment grade audit, which shall become part of the final agreement between the political subdivision and the qualified performance efficiency service provider.
(4) The audit shall include:
(a) a detailed description of the performance efficiency measure;