Florida Senate - 2021 SB 968 By Senator Gainer 2-00919-21 2021968__ 1 A bill to be entitled 2 An act relating to public records; amending s. 3 288.075, F.S.; providing an exemption from public 4 records requirements for certain information held by 5 an economic development agency; providing that such 6 information may be released in an aggregated and 7 anonymized format; providing for future legislative 8 review and repeal of the exemption; providing a 9 statement of public necessity; providing an effective 10 date. 11 12 Be It Enacted by the Legislature of the State of Florida: 13 14 Section 1. Present subsection (7) of section 288.075, 15 Florida Statutes, is redesignated as subsection (8), and a new 16 subsection (7) is added to that section, to read: 17 288.075 Confidentiality of records.— 18 (7) LOAN PROGRAMS.— 19 (a) The following information held by an economic 20 development agency pursuant to its administration of a state or 21 federally funded small business loan program is exempt from s. 22 119.07(1) and s. 24(a), Art. I of the State Constitution: 23 1. The home address, telephone number, and e-mail address 24 of a person who submits an application for a loan on behalf of a 25 business. 26 2. Tax returns. 27 3. Bank and financial statements. 28 4. Credit history information, credit reports, and credit 29 scores. 30 (b) This section does not prohibit the disclosure of 31 information held by an economic development agency pursuant to 32 its administration of a small business loan program in an 33 aggregated and anonymized format. 34 (c) This subsection is subject to the Open Government 35 Sunset Review Act in accordance with s. 119.15 and shall stand 36 repealed on October 2, 2026, unless reviewed and saved from 37 repeal through reenactment by the Legislature. 38 Section 2. The Legislature finds that it is a public 39 necessity that the home address, telephone number, and e-mail 40 address of a person who submits an application for a loan on 41 behalf of a business; tax returns; bank and financial 42 statements; and credit history information, credit reports, and 43 credit scores held by an economic development agency pursuant to 44 its administration of any state or federally funded small 45 business loan program be made exempt from s. 119.07(1), Florida 46 Statutes, and s. 24(a), Article I of the State Constitution. In 47 order to process and disburse loan funds, an economic 48 development agency may obtain sensitive information needed to 49 assess viability of loans. This information may be used to 50 locate and identify and contact the borrower. If released, 51 locating and identifying information could be used by fraudulent 52 contractors, predatory lenders, thieves, or individuals seeking 53 to impose on the borrower. Therefore, it is necessary that 54 certain information held by an economic development agency 55 pursuant to its administration of any state or federally funded 56 small business loan program be protected to ensure that 57 borrowers are not harassed, intimidated, or potentially 58 defrauded. 59 Section 3. This act shall take effect July 1, 2021.