§ 19-11-1304 - Retrospective review of a partial equity ownership agreement to ensure disclosure. - Arkansas Statutes

19-11-1304. Retrospective review of a partial equity ownership agreement to ensure disclosure.

(a) Before April 7, 2009, if a state retirement system has entered into a partial equity ownership agreement that has not been submitted previously for review under 19-11-101 et seq., the Arkansas Procurement Law, 19-11-201 et seq., or 19-11-801 et seq., then the partial equity ownership agreement shall be reviewed retrospectively under this section.

(b) The board of trustees of a state retirement system shall submit information that the Office of State Procurement or the Legislative Council may reasonably require to allow a retrospective review of a partial equity ownership agreement under this section.