Utah Department of Administrative Services

Division of Archives & Records Service

Technology Finance Corporation

10015--Partnership records

AGENCY: Technology Finance Corporation

SERIES: 10015
TITLE: Partnership records
DATES: 1983-
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.

RETENTION

Retain 6 years after agreement is fulfilled or terminated.

DISPOSITION

Transfer to the State Archives permanently.

FORMAT MANAGEMENT

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.

APPRAISAL

Historical Legal

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.

PRIMARY DESIGNATION

Public