Bill to close grant records stalls in Senate

NASHVILLE, Tenn. (AP) -- Gov. Bill Haslam's proposal to block public access to business records used to make grant decisions has stalled in the Senate.

The measure, carried by Republican Sen. Bo Watson of Hixson, was delayed Monday evening until Thursday after heavy debate.

Haslam has called for the public records changes as part of his plan to offer more cash incentives for companies to invest in Tennessee.

The bill closes off information regarding "business processes, organizational structure and ownership, financial statements, budgets, cash flow reports or similar materials."

Democratic Sen. Roy Herron of Dresden said he doesn't see a compelling reason to hide the ownership of those that are getting taxpayer dollars.

The companion bill is awaiting a vote in the House Commerce Committee.

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