§ 5-89-4. Certificate of adoption of transparency and sustainability standards. [Effective January 1, 2020.] (a) The secretary of state, in coordination with the director of the department of environmental management, shall issue a certificate of adoption of transparency and sustainability standards to any entity if the secretary of state shall have determined that the following conditions have been satisfied:
(1) The entity shall have executed and acknowledged, and delivered to the secretary of state, a standards statement;
(2) The entity shall have paid all fees and costs assessed by the secretary of state; and
(3) The entity remains a reporting entity, and if the entity is registered or formed with the secretary of state, it is in good standing upon the records of the secretary of state.
(b) Each reporting entity shall, for all purposes of the laws of this state, be authorized and permitted to disclose, publicly or privately, that it is a reporting entity.
(c) The secretary of state is hereby authorized to promulgate rules and regulations necessary to implement this chapter and shall issue any such certificate required pursuant to this chapter and shall further be permitted to charge a reasonable fee for any certificates issued and/or renewed.
History of Section. (P.L. 2019, ch. 186, § 1; P.L. 2019, ch. 206, § 1.)
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