Procurement Contracts - Disclosures to Secretary of State - Beneficial Ownership
Sponsor: Chris Tomlinson (District 5)Committee: Rules and Executive NominationsSubject: State Government - ProcurementStatus: First Reading House Rules and Executive Nominations (as of Nov 13, 2024)
What this bill does
Official synopsis
Altering the definition of 'beneficial ownership' to mean any ownership interest of 25% rather than 5% for the purposes of certain disclosures made by certain businesses to the Secretary of State under certain circumstances.
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