§  1.1512   Net worth exhibit.

   (a) Each applicant except a qualified tax-exempt organization or
   cooperative association must provide with its application a detailed
   exhibit showing the net worth of the applicant and any affiliates (as
   defined in § 1.1504(f) of this part) at the time the proceeding was
   designated. The exhibit may be in any form convenient to the applicant
   that provides full disclosure of the applicant's and its affiliates'
   assets and liabilities and is sufficient to determine whether the
   applicant qualifies under the standards in this subpart. The presiding
   officer may require an applicant to file additional information to
   determine its eligibility for an award.

   (b) Ordinarily, the net worth exhibit will be included in the public
   record of the proceeding. However, an applicant that objects to public
   disclosure of information in any portion of the exhibit and believes
   there are legal grounds for withholding it from disclosure may submit
   that portion of the exhibit directly to the presiding officer in a
   sealed envelope labeled “Confidential Financial Information”,
   accompanied by a motion to withhold the information from public
   disclosure. The motion shall describe the information sought to be
   withheld and explain, in detail, why it falls within one or more of the
   specific exemptions from mandatory disclosure under the Freedom of
   Information Act, 5 U.S.C. 552(b)(1) through (9), why public disclosure
   of the information would adversely affect the applicant, and why
   disclosure is not required in the public interest. The material in
   question shall be served on Bureau counsel, but need not be served on
   any other party to the proceeding. If the presiding officer finds that
   the information should not be withheld from disclosure, it shall be
   placed in the public record of the proceeding. Otherwise, any request
   to inspect or copy the exhibit shall be disposed of in accordance with
   the Commission's established procedures under the Freedom of
   Information Act, § § 0.441 through 0.466 of this chapter.

   [ 47 FR 3786 , Jan. 27, 1982, as amended at  85 FR 63184 , Oct. 6, 2020]