§ 5-89-5. Statement of adoption of transparency and sustainability standards. [Effective January 1, 2020.] If the governing body of an entity has adopted resolutions setting forth the entity's standards and assessment measures, the entity may file a standards statement that:

(1) Acknowledges that the governing body of the entity has adopted resolutions setting forth the entity's standards and assessment measures;

(2) Identifies an internet link on the principal website maintained by or on behalf of the entity at which the standards and assessment measures, the third-party criteria used to develop the standards, a description of the process by which the standards were identified, developed, and approved and any report filed or to be filed by the entity are and will be readily available at no cost and without the requirement of the provision of any information, and will remain available for so long as the entity remains a reporting entity (the "website");

(3) Acknowledges that the entity has agreed to acknowledge and deliver to the secretary of state, its most recent report concurrently with its annual report as specified in § 7-1.2-1501, § 7-6-90, or § 7-16-66;

(4) Acknowledges that the entity has committed to:

(i) Use the assessment measures to assess the entity's performance in meeting its standards;

(ii) Review and assess its standards and assessment measures from time to time, and make changes thereto as the governing body in good faith determines are necessary or advisable in furtherance of meeting the entity's standards;

(iii) Prepare and make readily available to the public at no cost and without the requirement of the provision of any information (by posting on the website at the identified internet link) a copy of its report within ninety (90) days of the end of each reporting period; and

(5) Is acknowledged by an authorized person.

History of Section. (P.L. 2019, ch. 186, § 1; P.L. 2019, ch. 206, § 1.)