No. SB 7016
Filed under Development & Land Use.
OGSR/Administration of Small Business Loan Programs Held by an Economic Development Agency; Amending a provision which provides an exemption from public records requirements for certain information relating to the administration of small business loan programs held by an economic development agency; deleting the scheduled repeal of the exemption, etc.
Plain English Summary
AI-GENERATEDEconomic development agencies keep confidential certain small business loan records indefinitely. The bill deletes the statutory language that would have automatically ended this privacy protection on October 2, 2026. No new restrictions or duties are created for the public or agencies.
The change affects only the duration of an existing confidentiality rule. Agencies administering these loan programs will no longer face a scheduled sunset review. The public's ability to access these specific records remains limited as it is today.
AIThe confidentiality exemption for small business loan program records becomes permanent, as the bill deletes the statutory language that would have automatically repealed it on October 2, 2026.