Florida Senate - 2021                                     SB 512
       
       
        
       By Senator Burgess
       
       
       
       
       
       20-00712-21                                            2021512__
    1                        A bill to be entitled                      
    2         An act relating to public records; amending s.
    3         655.057, F.S.; providing an exemption from public
    4         records requirements for certain information received
    5         by the Office of Financial Regulation pursuant to an
    6         application for a de novo banking charter; providing
    7         for future legislative review and repeal of the
    8         exemption; providing a statement of public necessity;
    9         providing an effective date.
   10          
   11  Be It Enacted by the Legislature of the State of Florida:
   12  
   13         Section 1. Present subsections (5) through (14) of section
   14  655.057, Florida Statutes, are redesignated as subsections (6)
   15  through (15), respectively, a new subsection (5) is added to
   16  that section, and present subsection (14) of that section is
   17  amended, to read:
   18         655.057 Records; limited restrictions upon public access.—
   19         (5)(a)Except as otherwise provided in this section and
   20  except for such portions thereof which are public records,
   21  information received by the office pursuant to an application
   22  for a de novo banking charter is confidential and exempt from s.
   23  119.07(1) and s. 24(a), Art. I of the State Constitution to the
   24  extent that disclosure would:
   25         1.Reveal personal financial information.
   26         2.Reveal a driver license or identification card number, a
   27  passport number, a military identification number, or any other
   28  similar number issued on a government document used to verify
   29  identity.
   30         3.Reveal the home address of any individual.
   31         4.Reveal the identity of a minority shareholder or
   32  subscriber.
   33         5.Reveal the name of a proposed officer or director, to
   34  the extent that doing so would jeopardize the proposed officer’s
   35  or director’s current employment with or participation in the
   36  affairs of another financial institution.
   37         6.Defame or cause unwarranted damage to the good name or
   38  reputation of an individual or jeopardize the safety of an
   39  individual.
   40         7.Reveal books and records of a financial institution or
   41  registrant.
   42         8.Reveal an applicant’s business plan and any attached
   43  supporting documentation.
   44         (b)This subsection is subject to the Open Government
   45  Sunset Review Act in accordance with s. 119.15 and is repealed
   46  on October 2, 2026, unless reviewed and saved from repeal
   47  through reenactment by the Legislature.
   48         (15)(14) Subsections (1), (2), (6), and (10) (5), and (9)
   49  are subject to the Open Government Sunset Review Act in
   50  accordance with s. 119.15 and are repealed on October 2, 2022,
   51  unless reviewed and saved from repeal through reenactment by the
   52  Legislature.
   53         Section 2. The Legislature finds that it is a public
   54  necessity that information received by the Office of Financial
   55  Regulation pursuant to an application for a de novo banking
   56  charter be made confidential and exempt from s. 119.07(1),
   57  Florida Statutes, and s. 24(a), Article I of the State
   58  Constitution to the extent that disclosure would reveal personal
   59  financial information; reveal a driver license or identification
   60  card number, passport number, military identification number, or
   61  other similar number issued on a government document used to
   62  verify identity; reveal the home address of any individual;
   63  reveal the identity of a minority shareholder or subscriber;
   64  reveal the name of a proposed officer or director, to the extent
   65  that doing so would jeopardize the proposed officer’s or
   66  director’s current employment with or participation in the
   67  affairs of another financial institution; defame or cause
   68  unwarranted damage to the good name or reputation of an
   69  individual or jeopardize the safety of an individual; reveal
   70  books and records of a financial institution or registrant; or
   71  reveal an applicant’s business plan and any attached supporting
   72  documentation. The office may receive sensitive personal,
   73  financial, and business information in conjunction with its
   74  duties related to the review of applications for the
   75  organization or establishment of state financial institutions.
   76  An exemption from public records is necessary to ensure the
   77  office’s ability to administer its regulatory duties while
   78  preventing unwarranted damage to an applicant’s good name or
   79  impairment of its safety and soundness, as well as the safety
   80  and soundness of the financial system of this state. Release of
   81  any portion of an application that reveals an individual’s
   82  personal financial information, government identity verification
   83  documents, or home address could cause unwarranted damage to the
   84  good names or reputation of those individuals or jeopardize
   85  their safety.
   86         Section 3. This act shall take effect July 1, 2021.