§ 51:1934 — Confidentiality of records

Louisiana § 51:1934

• Jurisdiction: Louisiana
• Title 51: Trade and Commerce

Text

A. The provisions of R.S. 51:2389(G)(5) shall apply to all records of certified Louisiana capital companies provided to or generated by the Office of Financial Institutions.
B. In conjunction with the execution of their respective duties and responsibilities, the department and the commissioner may share with one another documents and other materials submitted by certified Louisiana capital companies or by Louisiana businesses. All information exchanged by the department and the commissioner shall be kept strictly confidential within the respective agencies. Such information shall not be subject to subpoena or other legal process, except as set forth in R.S. 9:3518.1(D).
C. Notwithstanding any provision in this Section to the contrary, the secretary and the commissioner shall not be prohibited from disclosure of the following information:
(1) The total amount of certified capital raised.
(2) The total amount of certified capital raised by each certified Louisiana capital company group.
(3) The total amount of certified capital invested in qualified Louisiana businesses.
(4) The total amount of certified capital that each certified Louisiana capital company has that has yet to meet the sixty percent or one hundred percent requirements contained in R.S. 51:1928.
(5) The total amount of certified capital invested in qualified Louisiana businesses by each certified Louisiana capital company group.
(6) The amounts and types of jobs created or retained by the investments of certified capital by each certified Louisiana capital company group.

Legislative History

Acts 1997, No. 366, §5; Acts 2001, No. 1122, §1, eff. July 1, 2001; Acts 2002, No. 84, §2, eff. June 25, 2002.