Delaware General Assembly

Passed 5/8/18

The General Assembly has ended, the current status is the final status.

HB 310 w/ HA 1, HA 2 + SA 1

5/8/18

M. Smith

This amendment to H.B. 310, which establishes the Certification of Adoption of Transparency and Sustainability Standards Act (the “Act”), specifies that the Delaware Secretary of State’s Certificate of Adoption of Transparency and Sustainability Standards Reporting will attest to a Delaware entity’s or organization’s filing with the Secretary of State of a statement of such entity’s or organization’s standards, and it sets forth a description of the contents of such statement. The amendment also provides that any such entity or organization must acknowledge that it has committed to prepare and make available the report required by the Act to the public without the requirement of the provision of any information. The amendment further specifies that an entity’s or organization’s application for a Certificate must be acknowledged in the manner provided by the Act by a person authorized to act on behalf of such entity or organization as determined in accordance with the Act. The amendment also requires the entity or organization, when submitting a statement to renew its status as a reporting entity or organization under the Act, to acknowledge that any changes to its standards, assessment measures or reporting period (including a description of the process by which the changes were identified, developed and approved and the third-party criteria used to develop any changes to the standards) are available on a website, at no cost and without the requirement of the provision of any information, and will remain available as long as the entity or organization continues to be a reporting entity under the Act. The amendment also requires all renewal statements to be filed between October 1 and December 31, and to acknowledge that the filing entity is in compliance with its reporting requirements under the Act. Entities that fail to do so cease to be Reporting Entities and cannot be certified under the Act, but may, for a period of one year, reinstate their status as Reporting Entities by filing a Restoration Statement acknowledging that they have filed all Reports due prior to such filing.

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