Each applicant except a qualified tax-exempt organization or cooperative
association shall provide with its application a detailed exhibit showing the net worth
of the applicant as of the date specified by 2204.105(c). The exhibit may be in any form
convenient to the applicant that provides full disclosure of the applicant's assets and
liabilities and is sufficient to determine whether the applicant qualifies under
the standards in this part. The Commission may require an applicant to file additional
information to determine its eligibility for an award.
The net worth exhibit shall be included in the public record of the proceeding except
as provided in paragraph (b)(2) of this section.
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 in a sealed envelope labeled "Confidential 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)-(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 the Secretary but need not be served on any other
party to the proceeding. If the Commission 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 procedures under the Freedom of Information Act, part 2201.