SB 890 - Lager, Brad
Modifies the law relating to professional conduct during Division of Finance examinations and confidentiality agreements
Bill Details
Sponsor
LR Number
6104S.01I
Title
SB 890
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2012
Current Status
Hearing Conducted S Financial and Governmental Organizations and Elections Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 890 - This act requires the Division of Finance to establish an internal policy to ensure the professional conduct of Division employees who participate in examinations or who make determinations about the operations of persons or entities under the Division's jurisdiction. The policy shall include procedures to mitigate conflicts of interest.
This act allows disclosure of facts and information obtained in the course of the Division's examinations and investigations when undergoing a state audit when the Director of Finance has entered an agreement of confidentiality with the State Auditor. Such agreement shall provide for the redaction of certain information including nonpublic personal or proprietary commercial and financial information, trade secrets, information that could prejudice the performance or security of the Division, information protected under any recognized privilege, and identifying bank information.
CHRIS HOGERTY