Text: HF02011 Text: HF02013 Text: HF02000 - HF02099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. NEW SECTION. 496B.13A PUBLICATION OF BOARD
1 2 MINUTES.
1 3 1. Within fifteen days following any board of directors
1 4 meeting of a development corporation, the development
1 5 corporation shall cause the meeting minutes to be published in
1 6 a newspaper of general circulation in each county in which the
1 7 development corporation conducts business. The publication
1 8 shall include, at a minimum, all of the following:
1 9 a. The time, date, and location of the meeting.
1 10 b. All persons present at the meeting.
1 11 c. A list of all topics discussed during the meeting.
1 12 d. A list of any written or oral testimony submitted to
1 13 the development corporation at the meeting.
1 14 e. Any motion offered during the meeting and the outcome
1 15 of the motion.
1 16 2. The publication shall not include any of the following:
1 17 a. Any discussion of records or documents which are
1 18 required or authorized by state or federal law to be kept
1 19 confidential.
1 20 b. Any discussion of strategy with counsel in matters that
1 21 are presently in litigation or where litigation is imminent
1 22 where its disclosure would be likely to prejudice or
1 23 disadvantage the position of the development corporation in
1 24 that litigation.
1 25 c. Any discussion of the evaluation of the professional
1 26 competency of an individual whose appointment, hiring,
1 27 performance, or discharge is being considered when necessary
1 28 to prevent needless and irreparable injury to that
1 29 individual's reputation.
1 30 EXPLANATION
1 31 This bill amends Code chapter 496B relating to the creation
1 32 of economic development corporations. Economic development
1 33 corporations are organized for the purpose of developing
1 34 businesses, industries, and enterprises in the state by the
1 35 loaning and investing of money in such businesses, industries,
2 1 and enterprises and for other business development-related
2 2 purposes.
2 3 The bill requires an economic development corporation to
2 4 publish the minutes of any board of directors meeting within
2 5 15 days following the meeting. The bill provides that the
2 6 publication shall occur in a newspaper of general circulation
2 7 in each county in which the economic development corporation
2 8 conducts business. The bill provides that the publication
2 9 shall include the time, date, and location of the meeting, all
2 10 persons present at the meeting, a list of all topics discussed
2 11 during the meeting, a list of any written or oral testimony
2 12 submitted to the development corporation at the meeting, and
2 13 any motion offered during the meeting and the outcome of the
2 14 motion. The bill prohibits the publication of any discussion
2 15 of confidential records or documents, any discussion of
2 16 litigation strategy, and any discussion of a professional
2 17 competency evaluation when necessary to prevent needless and
2 18 irreparable injury to an individual's reputation.
2 19 LSB 5104HH 79
2 20 tm/sh/8
Text: HF02011 Text: HF02013 Text: HF02000 - HF02099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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