§124.1. Confidential information

            A. Information submitted to the board, the office of mineral resources, or the office of state resources as part of a bid or proposal for the right to explore, develop, or utilize public property may be deemed confidential and withheld from public disclosure by the board or office if disclosure of such information would be reasonably likely to:

            (1) Reveal technical, operational, or financial details to be used in the bid or proposal; and

            (2) Give any advantage to a competitor.

            B. Unless otherwise exempt from public release in accordance with the Public Records Law, or as otherwise provided by regulations adopted pursuant to Subsection C of this Section, information withheld pursuant to this provision shall be subject to disclosure upon conclusion of the competitive evaluation process and a final board determination regarding bid or proposal.

            C. The board, the office of mineral resources, or the office of state resources may promulgate rules or regulations establishing procedures for the submission, designation, handling, and protection of information designated as confidential pursuant to this Section.

            Acts 2025, No. 458, §1, eff. Oct. 1, 2025.