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2002 SESSION

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SB 206 Freedom of Information Act; investment transactions.

Introduced by: R. Edward Houck | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Virginia Freedom of Information Act. Amends provisions relating to the exemption of records and discussions of the Virginia Retirement System (VRS) and local government investment transactions from disclosure under the Freedom of Information Act (FOIA) and adds records and discussion of the Rector and Visitors of the University of Virginia when managing endowment funds of the University. Under the bill, the record and open meeting exemptions may operate when there are confidential analyses prepared by the VRS, local retirement system, or the UVA Rector and Visitors or provided to those entities under a promise of confidentiality and the disclosure of such analyses would have an adverse effect on the value of the investment.

SUMMARY AS PASSED SENATE:

Virginia Freedom of Information Act. Amends provisions relating to the exemption of records and discussions of the VRS and local government investment transactions from disclosure under the Freedom of Information Act (FOIA) and adds records and discussion of the Rector and Visitors of the University of Virginia when managing endowment funds of the University. Under the bill, the record and open meeting exemptions may operate when there are confidential analyses prepared by the VRS, local retirement system, or the UVA Rector and Visitors or provided to those entities under a promise of confidentiality and the disclosure of such analyses would have an adverse effect on the value of the investment.

SUMMARY AS INTRODUCED:

Virginia Freedom of Information Act. Amends provisions relating to the exemption of VRS and local government investment transactions from FOIA and the considerations or discussions regarding investment transactions that VRS or local governments may conduct in closed meetings.