Capital development process -- Approval requirements.
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(1) Except as provided in Section 63A-5b-404, the board shall, on behalf of all agencies, submit capital development project recommendations and priorities to the Legislature for approval and prioritization.
(2) An agency that requests an appropriation for a capital development project shall submit to the division for transmission to the board a capital development project request and a feasibility study relating to the capital development project.
(3)
(a) The division shall, in consultation with the board and in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, make rules that establish standards and requirements for a capital development project request and feasibility study.
(b) The rules shall include:
(i) a deadline by which an agency is required to submit a capital development project request;
(ii) conditions under which an agency may modify the agency's capital development project request after the agency submits the request, and requirements applicable to a modification; and
(iii) requirements for the contents of a feasibility study, including:
(A) the need for the capital development project;
(B) the appropriateness of the scope of the capital development project;
(C) any private funding for the capital development project; and
(D) the economic and community impacts of the capital development project.
(4) The division shall verify the completion and accuracy of a feasibility study that an agency submits under Subsection (2) prior to transmitting the feasibility study to the board.