HB 267- Relating to Public Records/State –Funded Infrastructure Bank
On Wednesday, January 13th, HB 267, relating to Public Records/State-Funded Infrastructure Bank, by Rep. Mike LaRosa (R-Saint Cloud) was heard by the House Government Operations Subcommittee and passed with 9 yeas and 1 nay.
Currently, the state-funded infrastructure bank (SIB) is housed within Department of Transportation (department). The SIB provides loans and credit enhancements to public and private entities for constructing and improving transportation facilities. This bill creates a public record exemption for the financial statements or other financial information that is required for the application to the SIB. However, the public records exemption does not apply to the financial records of an applicant who is in default of an SIB loan.
This exemption is subject to the Open Government Sunset Review Act and will be repealed on October 2, 2021 unless this bill is reenacted by the Legislature.
The next committee stop for HB 267 will be in the House Economic Affairs Committee.
AIF supports protecting the financial information of private companies.