Tuesday, March 29, 2005

HB 126: SERS Alternative Investment Disclosure

H.B. 126, P.N. 613. (GODSHALL). This would amend Title 71 (State Government). It would create a definition for “alternative investment” as one involving a private equity or venture capital. It would also allow the State Employees’ Retirement Board to be exempt from public open records those records the Board determines would create substantial competitive harm to the subject who is disclosed, would contain sensitive or confidential information regarding an alternative investment, or could have an adverse impact on investment value. Any fee that has been paid to receive such a document that then could not be disclosed, due this amending of the Act, would be refunded.


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