By: Shapiro S.B. No. 769 A BILL TO BE ENTITLED AN ACT 1-1 relating to the confidentiality of information obtained in 1-2 negotiations between a municipality and a business entity. 1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-4 SECTION 1. Chapter 371, Local Government Code, is amended by 1-5 adding Subchapter D to read as follows: 1-6 SUBCHAPTER D. RECRUITING NEW BUSINESS 1-7 Sec. 371.051. CONFIDENTIAL INFORMATION OF MUNICIPALITIES. 1-8 Information collected, assembled, or maintained by a municipality 1-9 in connection with business recruitment and economic development is 1-10 confidential, including: 1-11 (1) information about the identity, background, 1-12 finances, proposed locations, trade secrets, or other commercially 1-13 sensitive matters of a business prospect; and 1-14 (2) information about the financial and other 1-15 incentives offered to a business prospect by the municipality or 1-16 other information submitted by the municipality that, if released, 1-17 would give advantage to municipalities, whether inside or outside 1-18 the state, that may be competing for the business prospect. 1-19 Sec. 371.052. DISCLOSURE NOT REQUIRED. Information made 1-20 confidential under this subchapter is not subject to the disclosure 1-21 requirements of Chapter 424, Acts of the 63rd Legislature, Regular 1-22 Session, 1973 (Article 6252-17a, Vernon's Texas Civil Statutes). 1-23 SECTION 2. The importance of this legislation and the 2-1 crowded condition of the calendars in both houses create an 2-2 emergency and an imperative public necessity that the 2-3 constitutional rule requiring bills to be read on three several 2-4 days in each house be suspended, and this rule is hereby suspended, 2-5 and that this Act take effect and be in force from and after its 2-6 passage, and it is so enacted.