Rhode Island § 5-89-6 - Transparency and Sustainability Standards for Rhode Island Businesses Act

§ 5-89-6. Reporting entity status — Renewal statement.

(a) A reporting entity shall become a nonreporting entity on January 1 of the following year if the reporting entity shall have failed to submit the renewal statement to the secretary of state in accordance with this chapter without the need for further action by the secretary of state. A reporting entity’s renewal statement shall:

(1) Acknowledge that any changes since its most recent filing of a renewal statement or restoration statement, or, if no renewal statement or restoration statement has been filed, since the filing of its standards statement, to its address within the state or standards and assessment measures, and a description of the process by which the changes were identified, developed, and approved by the entity and the third-party criteria used to develop any changes to the standards are available on the website;

(2) Acknowledge that, for the most recent reporting period for which a report was required to be made available, if any, a report was made available on the website in accordance with this chapter within the time period provided for in § 5-89-5(4)(iii);

(3) Provide an internet link to the report for the most recent reporting period, if any, on the website; and

(4) Be acknowledged by an authorized person.

(b) No standards statement shall be accepted by the secretary of state for an entity if it has become a nonreporting entity pursuant to subsection (a) of this section within the prior year.