Prohibits confidentiality and non-disclosure provisions in economic development contracts for the state, municipalities, and negotiating parties.

This bill amends several laws to prohibit confidentiality and non-disclosure provisions in contracts related to economic development. These contracts include tax incentives, payments in lieu of taxes, tax abatements, bonds, notes, loans, grants, or rebates. The prohibition applies to agreements entered into by the state, any instrumentality, municipalities, public corporations, or parties negotiating on their behalf. The bill aims to ensure transparency in economic development agreements.

Prohibits confidentiality and non-disclosure provisions in economic development contracts for the state, municipalities, and negotiating parties.

This bill amends several laws to prohibit confidentiality and non-disclosure provisions in contracts related to economic development. These contracts include tax incentives, payments in lieu of taxes, tax abatements, bonds, notes, loans, grants, or rebates. The prohibition applies to agreements entered into by the state, any instrumentality, municipalities, public corporations, or parties negotiating on their behalf. The bill aims to ensure transparency in economic development agreements.