Technology Finance Corporation10015--Partnership records
AGENCY: Technology Finance Corporation
TITLE: Partnership records
ARRANGEMENT: Alphabetical by entity name
ANNUAL ACCUMULATION: 0.10 cubic feet.
DESCRIPTION: The Utah Technology Finance Corporation creates these records to document joint agreement with local government agencies, municipalities, and universities to share the costs for supporting ventures which promote commercialization of new technologies.
Retain 6 years after agreement is fulfilled or terminated.
Transfer to the State Archives permanently.
Paper: Retain in Office for 2 years after agreement has been fulfilled or terminated and then transfer to State Records Center. Retain in State Records Center for 4 years and then transfer to State Archives.
This disposition is based on the primary evidential value of these records in documenting the principle statutory responsibility of the UTFC to finance technology and innovation development, according to UCA 9-2-703(1998). Also, it fulfills the contractual statute of limitations requirements of UCA 78-12-23 (2) (1998), which states that "an action upon any contract, obligation, or liability founded upon an instrument in writing" must be brought within 6 years.