An Act To Require Transparency of the Ownership of All Companies Providing Funds To Build Infrastructure for Development Purposes
Sec. 1. 5 MRSA c. 167 is enacted to read:
TRANSPARENCY IN PRIVATE FUNDING OF INFRASTRUCTURE FOR DEVELOPMENT PURPOSES
§ 2041. Private entity ownership information
This bill requires a private entity to provide complete information about the ownership of that entity before it enters into an agreement with a governmental entity to provide funding for the construction of infrastructure for development purposes. The information must be provided to the governmental entity, which shall immediately release that information to the public. Information about such private entities is a public record for the purpose of the Freedom of Access Act.
This bill applies to all construction of infrastructure for development purposes, including contracts that the Department of Transportation supervises.