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Policy Brief July 2021Public Asset Development in Utah By: Max Backhand, Senior Research Associate; Dean Skin, Senior Research Fellow, KEM C. Gardner Policy Institute Introduction Public asset development
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Public asset development refers to the process of creating, managing, and enhancing assets owned by the public sector, aimed at improving community services and infrastructure.
Government entities, agencies, or organizations that manage public assets are required to file public asset development reports.
To fill out a public asset development report, organizations must gather relevant data, follow the designated format, provide financial details, project descriptions, and submit the form to the appropriate overseeing body.
The purpose of public asset development is to ensure optimal use of public resources, enhance service delivery, promote economic growth, and maintain transparency and accountability in public sector investments.
Information that must be reported includes asset descriptions, project costs, timelines, funding sources, expected benefits, and performance indicators.
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