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FL S0196
Bill
Status
Passed
3/10/2016
Primary Sponsor
Governmental Oversight and Accountability
Click for details
AI Summary
- Exempts financial information of private entity applicants from public records requirements when submitted as part of the application process for loans or credit enhancements from Florida's state-funded infrastructure bank administered by the Department of Transportation
- Defines "financial information" as any business plan, pro forma statement, account balance, operating income or revenue, asset value, or debt of the applicant
- Removes the exemption for applicants who are in default on a loan issued under the state-funded infrastructure bank program, making their financial records subject to public disclosure
- Justifies the exemption on grounds that disclosure could harm private entities competitively, expose them to theft or fraud, and discourage applications that might otherwise yield cost-effective transportation infrastructure solutions
- Subjects the exemption to the Open Government Sunset Review Act, with automatic repeal on October 2, 2021, unless reenacted by the Legislature; effective date is July 1, 2016
Legislative Description
Public Records/State-funded Infrastructure Bank
Last Action
Chapter No. 2016-38
3/10/2016
Committee Referrals
Rules1/12/2016
Governmental Oversight and Accountability11/6/2015
Transportation9/15/2015
Full Bill Text
No bill text available