(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.

Terms Used In Rhode Island General Laws 5-89-4

  • Acknowledged: means with respect to any document or instrument required to be executed by an authorized person pursuant to this chapter, the authorized person executing the document or instrument has certified, under penalty of perjury, that the information set forth in the document or instrument is accurate and complete to the best of the authorized person's actual knowledge after due inquiry. See Rhode Island General Laws 5-89-3
  • Entity: means any corporation (stock or nonstock), or a limited-liability company, existing under the applicable laws of this state. See Rhode Island General Laws 5-89-3
  • Reporting entity: means an entity that has been issued a certificate of adoption of transparency and sustainability standards and that has not become and continues to be a nonreporting entity pursuant to §?5-89-6. See Rhode Island General Laws 5-89-3
  • Standards: means , with respect to an entity, the principles, guidelines, or standards adopted by the entity to assess and report the impacts of its activities on society and the environment, which principles, guidelines, or standards shall be based on or derived from third-party criteria. See Rhode Island General Laws 5-89-3
  • Standards statement: means the filing described in §?5-89-5. See Rhode Island General Laws 5-89-3

(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.