The bill amends Section 42-155-6 of the General Laws under the "Quasi-Public Corporations Accountability and Transparency Act" to enhance transparency requirements for quasi-public corporations. Key insertions include the requirement for public access to compensation comparability studies for both executive and senior management, current and approved salaries, annual contracting reports, and a list of current salaries and positions. Additionally, it mandates that all documents discussed at open meetings be posted or linked with the electronic filing of the agenda submitted to the Secretary of State, as well as the inclusion of any policies and procedures established by board members.
The bill also specifies that various documents, such as job descriptions, quarterly financial statements, operating budgets, and strategic plans, must be made publicly available upon request and posted on the corporations' websites. The act aims to improve accountability and transparency within quasi-public corporations by ensuring that essential information is accessible to the public. This act will take effect immediately upon passage.
Statutes affected: 806: 42-155-6