S.B.
59
INDEPENDENT ENTITIES FINANCIAL TRANSPARENCY DISCLOSURE
Senate Committee
Amendments
Amendment 2 February 14, 2014 10:47 AM
Senator Todd Weiler
proposes the following amendments:
1. Page
1, Lines 15 through 17
:
15
. requires an independent entity
{
, except the Workers' Compensation Fund,
}
to report
16
financial information on the Utah Public Finance Website or via a link to its own
17
website through the Utah Public Finance Website;
2. Page
2, Lines 40 through 43
:
40
(3)
{
(a)
}
"Independent entity
{
,
}
"
{
except as provided in Subsection (3)(b),
}
is as
defined in
41
Section
63E-1-102
.
42
{
(b) "Independent entity" does not include the Workers' Compensation Fund created in
43
Section
31A-33-102
.
}
3. Page
7, Lines 184 through 185
:
184
(N) financial plans or strategies.
(8) (a) The Workers' Compensation Fund, created in Section 31A-33-102, shall provide the following
financial information to the division for posting on the Utah Public Finance Website or via a link to a
website administered by the Workers' Compensation Fund:
(i) administrative expense transactions from its general ledger accounting system; and
(ii) employee compensation information.
(b) For purposes of this part, the office is not required to submit to the division or provide a link
to other financial information, including:
(i) revenue transactions of the Injury Fund created in Section 31A-33-102;
(ii) policyholder claims, account balances, and transactions;
(iii) revenue and expenditures of a subsidiary of the fund;
(iv) fiduciary or commercial information related to any subject if the disclosure of the
information:
(A) would conflict with fiduciary obligations; or
(B) is prohibited by insider trading provisions; and
(iv) information of a commercial nature, including information related to:
(A) account owners, borrowers, and dependents;
(B) demographic data;
(C) contracts and related payments;
(D) negotiations;
(E) proposals or bids;
(F) investments;
(G) the investment and management of funds;
(H) fees and charges;
(I) plan and program design;
(J) investment options and underlying investments offered to account owners;
(K) marketing and outreach efforts;
(L) lending criteria;
(M) the structure and terms of bonding; and
(N) financial plans or strategies.
185
[(6)]
{
(8)
}
(9)
A person who negligently discloses a record that is classified as private,
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