Sunshine Laws

AAA

DEFINITION of 'Sunshine Laws'

Regulations requiring openness in government. Sunshine laws make meetings, records, votes, deliberations and other official actions available for public observation, participation and/or inspection. Sunshine laws also require government meetings to be held with sufficient advance notice and at times and places that are convenient and accessible to the public, with exceptions for emergency meetings.

INVESTOPEDIA EXPLAINS 'Sunshine Laws'

In some cases, an event or document that would normally be accessible through sunshine laws is closed to public access (such as a legally protected matter currently under investigation), but sunshine laws are supposed to minimize these exceptions. Sunshine laws also differentiate entities that are subject to the laws from those that are not. For example, any entity with the authority to create binding laws would be subject to the law, but an advisory committee that lacked such authority might not be subject to sunshine laws, even if it dealt with matters related to government.



RELATED TERMS
  1. Bag Man

    Any person in charge of organizing, collecting and transporting ...
  2. Moore's Law

    An observation made by Intel co-founder Gordon Moore in 1965. ...
  3. Salad Oil Scandal

    One of the worst corporate scandals of its time. It occurred ...
  4. Bre-X Minerals Ltd.

    One of the biggest mining scams and frauds perpetrated by any ...
  5. Securities And Exchange Commission ...

    A government commission created by Congress to regulate the securities ...
  6. Sunshine Trade

    A high-volume transaction prematurely revealed to the market ...
Related Articles
  1. The Federal Reserve
    Economics

    The Federal Reserve

  2. What Is Fiscal Policy?
    Economics

    What Is Fiscal Policy?

  3. A Look At National Debt And Government ...
    Bonds & Fixed Income

    A Look At National Debt And Government ...

  4. Avoid Tricky Tax Issues On Municipal ...
    Taxes

    Avoid Tricky Tax Issues On Municipal ...

Hot Definitions
  1. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  2. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  3. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  4. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  5. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  6. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
Trading Center