By: Wentworth S.B. No. 1047 Line and page numbers may not match official copy. Bill not drafted by TLC or Senate E&E. A BILL TO BE ENTITLED AN ACT 1-1 relating to the application of the open records law to information 1-2 about a business prospect who has engaged in economic development 1-3 negotiations with a governmental body. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Subchapter C, Chapter 552, Government Code, is 1-6 amended by adding Section 552.131 to read as follows: 1-7 Sec. 552.131. EXCEPTION: ECONOMIC DEVELOPMENT INFORMATION. 1-8 (a) Information is excepted from the requirements of Section 1-9 552.021 if the information relates to economic development 1-10 negotiations involving a governmental body and a business prospect 1-11 that the governmental body seeks to have locate, stay, or expand in 1-12 or near the jurisdiction of the governmental body and the 1-13 information relates to: 1-14 (1) the finances of the business prospect; 1-15 (2) a trade secret or proprietary information of the 1-16 business prospect; or 1-17 (3) commercially sensitive information about the 1-18 business prospect that the business prospect requests be withheld 1-19 from disclosure. 1-20 (b) This section does not except from the requirements of 1-21 Section 552.021 information about a financial or other incentive 1-22 being offered to the business prospect: 2-1 (1) by the governmental body; or 2-2 (2) by another person, if the financial or other 2-3 incentive may directly or indirectly result in the expenditure of 2-4 public funds by a governmental body or in a reduction in revenues 2-5 received by a governmental body from any source of revenue.