This rule outlines how a tax incentive under this part is granted including the criteria used in screening applicants. It also outlines how the tax credit is calculated and redeemed. This rule defines key terms that the old rule did not. It also provides for the application process, the factors to be considered in authorizing an economic development tax increment financing (EDTIF) award, the old rule did not. The new rule also outlines the application for and verification of information supporting an annual EDTIF payment, the old rule does not do this. The new rule outlines how a request for modification of the EDTIF offer or contract, the old rule does not include this.