SB 1014 — Public Records/State Banks and State Trust Companies

Florida Senate - 2024 CS for SB 1014 By Senatorthe PerryCommittee 9-01296-24on 20241014__Governmental AOversight billand toAccountability; be entitled An act relating to public records;

and Senator Perry 585-03001-24 20241014c1 A bill to be entitled An act relating to public records;

authorizing an authorized officer or employee of the office to disclose personal identifying information under certain circumstances;

limited restrictions upon public access.— (5)(a) The following information received by the office pursuant to an application for authority to organize a new state bank or new state trust company under chapter 658 is confidentialPage and1 exemptof from4 s.CODING:

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words underlined are additions.

Florida Senate - 2024 CS for SB 1014 585-03001-24 20241014c1 confidential and exempt from s.

Page2. 1 of 4 CODING:

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words underlined are additions.

Florida Senate - 2024 SB 1014 9-01296-24 20241014__ 2.

(b) The personal identifying information of a proposed officer or proposed director who is currently employed by, or actively participates in the affairs of, another financial institution received by the office pursuant to an application for authority to organize a new state bank or new state trust company under chapter 658 is confidential and exempt from s.

An authorized officer or employee of the office may disclose personal identifying information in the course of an investigation or examination in connection with an application for authority to organize a new state bank or new state trust company under chapter 658.

119.15 and is repealed October 2, 2029, unless reviewed and saved from repeal through reenactmentPage by2 theof Legislature.4 CODING:

Words stricken are deletions;

words underlined are additions.

Florida Senate - 2024 CS for SB 1014 585-03001-24 20241014c1 reenactment by the Legislature.

24(a), Article I of Pagethe 2State ofConstitution 4to CODING:the extent that disclosure would reveal personal financial information;

Words stricken are deletions;

words underlined are additions.

Florida Senate - 2024 SB 1014 9-01296-24 20241014__ the State Constitution to the extent that disclosure would reveal personal financial information;

The Legislature further finds that it is a public necessity that the personal identifying information of a proposed officer or proposed director who is currently employed by, or actively participates in the affairs of, another financial institution be made confidential and exempt from s.

These exemptions from public records requirements are necessary to ensure the office’s ability to administer its regulatory duties while preventing unwarranted damage to the proposed state bank or proposed state trustPage company,3 or certain proposed officers or proposed directors of the4 proposedCODING: state bank or proposed state trust company, and other financial institutions in this state.

The release of information that could lead to the identification of an individual involved in the potential establishment of a new state bank or new state trust company may subject such Page 3 of 4 CODING:

Florida Senate - 2024 CS for SB 1014 9-01296-24585-03001-24 20241014__20241014c1 individualtrust tocompany, retributionor andcertain jeopardizeproposed hisofficers or herproposed currentdirectors employmentof with,the proposed state bank or participationproposed instate thetrust affairscompany, of,and anotherother financial institution.institutions in this state.

The release of information that could lead to the identification of an individual involved in the potential establishment of a new state bank or new state trust company may subject such individual to retribution and jeopardize his or her current employment with, or participation in the affairs of, another financial institution.