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PUBLIC LAWS OF MAINE
First Special Session of the 118th

CHAPTER 201
S.P. 295 - L.D. 946

An Act to Protect the Confidentiality of Financial Records

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

     Sec. 1. 30-A MRSA §5205, sub-§1, as enacted by PL 1991, c. 322, is amended to read:

     1. Confidential information. Records containing the following information are deemed confidential for the purposes of Title 1, section 402, subsection 3, paragraph A:

The term "applicant" includes individuals, partnerships, limited partnerships, limited liability companies and corporations, but does not include partnerships, limited liability companies and corporations whose shares, interests or other evidence of proportional ownership are publicly traded upon a recognized exchange.

     Sec. 2. 30-A MRSA §5205, sub-§5 is enacted to read:

     5. Application. Notwithstanding this section, the confidentiality of information provided to a municipality during the course of the application process with the Department of Economic and Community Development is governed by Title 5, sections 13119 to 13119-C.

Effective September 19, 1997, unless otherwise indicated.

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