Any documentary material or data made or received by the board for the purpose of
furnishing assistance, to the extent that the material or data consists of trade secrets,
commercial, financial or personal information regarding the financial position or
activities of such business or person, shall not be considered public records and
shall be exempt from disclosure pursuant to the provisions of chapter twenty-nine-b
of this code. Any discussion or consideration of the trade secrets, commercial, financial or personal
information may be held by the board in executive session closed to the public, notwithstanding
the provisions of article nine-a, chapter six of this code: Provided, That the board shall make public the following information regarding executed investments:
(1) The names and addresses of the principals of the business and its board of directors;
(2) the location or locations of the projects; (3) the amount of the investment
or financial assistance provided by the board; (4) the purpose of the investment
or financial assistance; (5) the maturity, interest rate and other pertinent terms
of the investment; (6) the fixed assets which serve as security for the investment;
and (7) the names and addresses of all persons holding twenty-five percent or more
of the equity of the entity receiving investment assistance: Provided, however, That the board shall keep available in its offices for inspection by any citizen
of this state the annual report prepared pursuant to the requirements of section twelve
of this article and the annual audit report prepared pursuant to the requirements
of sections nine and fourteen of this article.
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