Be it enacted by the People of the State of Maine as follows:

Sec. 1. 8 MRSA §§1006, 1007 and 1008 are enacted to read:

§1006.__ Confidentiality of records and information

1.__Application and licensing records and information.__This subsection applies to information or records included in an application or materials required by the board for issuance of a license pursuant to this chapter, including records obtained or developed by the board or department related to an applicant or licensee.__For the purposes of Title 1, section 402, subsection 3, the following records and information are designated as confidential and may not be disclosed except as provided:

A.__Trade secrets as defined in Title 10, section 1542 and proprietary information that if released could be competitively harmful to the submitter of the information;

B.__Information that if released would constitute an unwarranted invasion of personal privacy of a key executive, gaming employee or any other individual included in application materials, as determined by the board.__Upon request, the board shall release a summary of information confidential under this paragraph describing the basis for the board's action in granting, denying, renewing, suspending, revoking or failing to grant or renew a license issued under this chapter.__In preparing a summary, the board shall maximize public access to that information while taking reasonable measures to protect the confidentiality of that information;

C.__Key executive or gaming employee compensation, except that:

(1)__Executive compensation required to be filed with the federal Securities and Exchange Commission or, with respect to applicants or licensees that are not publicly traded corporations, executive compensation that would be required to be filed with the federal Securities and Exchange Commission were the applicant or licensee a publicly traded corporation or controlled