Oklahoma Open Meeting Act and Oklahoma Open Records Act. In the event a public trust hospital enters into a joint venture with or acquires an interest in a not-for-profit entity to effectuate the administration of the mission of the public trust, that entity shall not be subject to the Oklahoma Open Meeting Act and the Oklahoma Open Records Act. Any information submitted to or compiled by the public trust with respect to marketing plans, financial statements, trade secrets, research concepts, methods or products or any other proprietary information submitted to or compiled by the trust, persons, firms, associations, partnerships, agencies, corporations, institutions of higher education, nonprofit research institutions, or other entities shall be confidential, except to the extent that the person or entity which provided such information or which is the subject of such information consents to disclosure. Executive sessions may be held to discuss such materials if deemed necessary by the trust. The provisions of this section shall not apply to budgetary information related to appropriations or the appropriations process. For purposes of this section, "public trust hospital" is defined as any hospital created pursuant to Section 176.1 of Title 60 of the Oklahoma Statutes or Section 790.1 of Title 19 of the Oklahoma Statutes.
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