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VOL. 127 | NO. 33 | Friday, February 17, 2012

Bill to Close Grant Records Stalls Again in Tenn. Senate

AP

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NASHVILLE (AP) – Ownership records of companies seeking economic development grants should be available to the public, Senate Speaker Ron Ramsey said Thursday.

The Blountville Republican spoke to reporters about Gov. Bill Haslam's proposal that would seal off information about those companies.

Haslam has called for the public records changes as part of his plan to offer more cash incentives for companies to invest in Tennessee.

The bill closes off information regarding "business processes, organizational structure and ownership, financial statements, budgets, cash flow reports or similar materials." A Senate vote on the proposal was again delayed Thursday from earlier in the week.

Critics say ownership records, in particular, should be public.

Sen. Roy Herron said during a debate on the Senate floor Monday that he doesn't see a compelling reason to hide such records.

"Who do we want to give the taxpayers' money to that we don't want the public to know about?" the Dresden Democrat asked. "The temptation for corruption is too great."

Ramsey said much of the information is already private and certain information is needed "to make more informed decisions."

However, he said ownership shouldn't be kept confidential. If a company receives a grant, then information should be divulged at that time, he said.

"We're working ... to make sure that anything that should be made public is made public," Ramsey said. "We're not trying to hide anything."

Online:

Read SB2207 at capitol.tn.gov.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 206 16,619
MORTGAGES 84 228 21,660
FORECLOSURE NOTICES 21 56 4,322
BUILDING PERMITS 0 209 39,587
BANKRUPTCIES 73 222 15,764
BUSINESS LICENSES 23 51 5,542
UTILITY CONNECTIONS 86 287 23,860
MARRIAGE LICENSES 21 72 5,107

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