SB 890 Modifies the law relating to professional conduct during Division of Finance examinations and confidentiality agreements
Sponsor: Lager
LR Number: 6104S.01I Fiscal Note available
Committee: Financial and Governmental Organizations and Elections
Last Action: 4/2/2012 - Hearing Conducted S Financial and Governmental Organizations and Elections Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2012

Full Bill Text | All Actions | Available Summaries | Senate Home Page | List of 2012 Senate Bills

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