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SB 390 Enacted

Apple Board; repealing Board and Apple Fund effective July 1, 2028, delayed effective date, report.

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CHAPTER 24

An Act to amend and reenact §§ 2.2-3705.6 , 2.2-3711 , as it is currently effective and as it shall become effective, 3.2-1100 , 3.2-1104 , 3.2-1105 , 3.2-1106 , 10.1-1458 , and 15.2-2103.1 of the Code of Virginia and to repeal Chapter 12 (§§ 3.2-1200 through 3.2-1217 ) of Title 3.2 of the Code of Virginia, relating to Apple Board; repeal.

[S 390]

Approved March 31, 2026

Be it enacted by the General Assembly of Virginia:

1. That §§ 2.2-3705.6 , 2.2-3711 , as it is currently effective and as it shall become effective, 3.2-1100 , 3.2-1104 , 3.2-1105 , 3.2-1106 , 10.1-1458 , and 15.2-2103.1 of the Code of Virginia are amended and reenacted as follows:

§ 2.2-3705.6 . Exclusions to application of chapter; proprietary records and trade secrets.

The following information contained in a public record is excluded from the mandatory disclosure provisions of this chapter but may be disclosed by the custodian in his discretion, except where such disclosure is prohibited by law. Redaction of information excluded under this section from a public record shall be conducted in accordance with § 2.2-3704.01 .

1. Proprietary information gathered by or for the Virginia Port Authority as provided in § 62.1-132.4 or 62.1-134.1 .

2. Financial statements not publicly available filed with applications for industrial development financings in accordance with Chapter 49 (§ 15.2-4900 et seq.) of Title 15.2.

3. Proprietary information, voluntarily provided by private business pursuant to a promise of confidentiality from a public body, used by the public body for business, trade, and tourism development or retention; and memoranda, working papers, or other information related to businesses that are considering locating or expanding in Virginia, prepared by a public body, where competition or bargaining is involved and where disclosure of such information would adversely affect the financial interest of the public body.

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