(c) If the secretary determines that the taxpayer’s capital investment meets the eligibility requirements of 26 CAR § 69-104(c) and will provide an economic benefit to the state that will be equal to or greater than the amount of the tax credit allowed, the secretary shall:

1. (1) Issue a positive cost-benefit analysis; and
2. (2) Provide a copy to the taxpayer and the Tax Credits and Special Refund Section of the Department of Finance and Administration.

(d) If the secretary is unable to issue a positive cost-benefit analysis, the secretary shall notify the:

1. (1) Taxpayer; and
2. (2) Tax Credits and Special Refunds Section of the Department of Finance and Administration, who shall close the taxpayer’s application.