1. (a) The board will, in its discretion, act to preserve the confidentiality of information that discloses the particulars of the business or the affairs of a private enterprise, investor, borrower, advisor, consultant counsel or manager if the board concludes that such disclosure

   1. (1) would likely have an adverse effect on the ability of the board to perform its duties;
   2. (2) would reveal trade secrets or technical data reasonably held as confidential in the finance industry; or
   3. (3) would violate provisions of law.

2. (b) In taking actions under this section to preserve confidentiality, the board will, in its discretion, declare specific records of the board, including documents submitted to the board that were prepared by others, to be confidential and exempt from the public disclosure provisions of AS 40.25.110 and AS 40.25.120 by

   1. (1) express determination of the board;
   2. (2) guidelines of the board;
   3. (3) confidentiality provisions included in contracts; or
   4. (4) confidentiality provisions in requests for proposals or invitations to bid.

(Eff. 10/13/96, Register 143)

Authority: AS 37.10.071, AS 37.10.220, AS 37.10.240