FL H7225

Transfers and renumbers section 215.44(8) to create new section 215.440, establishing public records exemptions for the State Board of Administration's alternative investments.

Defines "proprietary confidential business information" as information owned by proprietors (investment vehicles, portfolio companies, consultants) that is private, not publicly available, and would harm business operations if disclosed.

Specifies information NOT protected as confidential, including names and addresses of investment vehicles, dollar amounts of commitments and contributions, cash distributions, performance metrics (internal rate of return, investment multiples), management fees, and descriptions of compensation paid to solicit investments.

Requires proprietors to verify through written declaration that records contain proprietary confidential business information, with the State Board of Administration maintaining a list of records covered by such declarations; allows courts to order public release if compelling public interest outweighs confidentiality needs.

Removes the scheduled repeal date of the exemption under the Open Government Sunset Review Act and makes conforming cross-reference changes to section 215.47, effective October 1, 2011.