as introduced - 89th Legislature (2015 - 2016) Posted on 03/22/2016 08:01am
A bill for an act
relating to data practices; classifying certain data related to small business
certification programs; amending Minnesota Statutes 2014, section 13.591, by
adding a subdivision.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2014, section 13.591, is amended by adding a
subdivision to read:
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Financial records of
a business submitted to a government entity as part of the business' application for
certification as a small, minority-owned, or woman-owned business are private or
nonpublic data. Financial records of a business include, but are not limited to, credit
reports; financial statements; net worth calculations; business plans; income and expense
projections; balance sheets; customer lists; income tax returns; and design, market, and
feasibility studies not paid for with public funds.
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