Section 13-72-303 - Regulatory mitigation eligibility requirements - Application evaluation and admission(1) To be eligible for regulatory mitigation, a participant shall demonstrate to the office that: (a) the participant has the technical expertise and capability to responsibly develop and test the proposed artificial intelligence technology;(b) the participant has sufficient financial resources to meet obligations during testing;(c) the artificial intelligence technology provides potential substantial consumer benefits that may outweigh identified risks from mitigated enforcement of regulations;(d) the participant has an effective plan to monitor and minimize identified risks from testing; and(e) the scale, scope, and duration of proposed testing is appropriately limited based on risk assessments.(2) To evaluate whether an applicant meets eligibility criteria to receive regulatory mitigation, the office may consult with relevant agencies and outside experts regarding the application.Added by Chapter 186, 2024 General Session ,§ 8, eff. 5/1/2024.