(This Section may contain text from a Public Act with a delayed effective date) Sec

(This Section may contain text from a Public Act with a delayed effective date) Sec. 18. Large frontier developer disclosure. (a) Except as otherwise provided in this Section, beginning January 1, 2027, no large frontier developer may develop, deploy, or operate a frontier model, in whole or in part in this State, without having a current disclosure statement filed with the Agency and paying the required disclosure fee in an amount set by rule. (b) The disclosure statement shall be filed in the form and the manner prescribed by the Agency on the Agency's website and shall contain all the information required by the Agency. It shall be renewed annually, whenever ownership of the frontier model is transferred or whenever there is a material change to the information reported in the previously filed disclosure statement, whichever occurs earlier. Annual disclosure statements and disclosure statement updates are subject to the payment of fees as established by rule. (c) The disclosure statement shall identify: (1) the identity of the large frontier developer and all names under which such large frontier developer conducts business; (2) the address of the principal place of business and the address of each office the large frontier developer maintains in this State; (3) in the event the large frontier developer or the ultimate parent of the large frontier developer is a privately or closely held company, a list of all persons or entities that beneficially own a 5% or greater interest in the large frontier developer at the time the disclosure statement is filed and a list of persons who formerly beneficially owned a 5% or greater interest in the owner or its predecessors in the preceding 5 years; in the event the owner or the ultimate parent is a publicly traded company, the owner shall file a list of all persons or entities that beneficially own a 50% or greater interest in the large frontier developer at the time of disclosure; and (4) the name and contact information of a point of contact, secondary contact, and tertiary contact for the large frontier developer; the point of contact shall be responsible for receiving inquiries relating to this Act from the Agency or other governmental entities. (d) Beginning July 1, 2026, the Agency shall charge and collect fees, in an amount set by rule, from large frontier developers for the expenses of administering this Act, which shall be nonrefundable unless otherwise indicated. Each large frontier developer shall pay to the Agency its pro rata share of the cost of administration of this Act, as estimated by the Agency based on criteria established by rule, for the current year and any deficit actually incurred in the administration of the Act in prior years. (e) If any person develops, deploys, or operates a large frontier model in this State without a current disclosure filed with the Agency as required by this Section, submits false information in its disclosure or fails to timely pay any assessment required by this Act, in addition to any other penalty or liability that may be imposed under this Act, the Agency may, after notice and hearing, levy civil penalties, fees, and costs as follows: (1) a civil penalty of $1,000 for each day the person fails to file a disclosure as required by this Section or fails to correct false information to be deposited into the AI Safety Measures Fund; and (2) an amount equal to the assessments owed to be deposited into the AI Safety Measures Fund. (f) The Agency shall maintain and publish a list of large frontier developers who have filed disclosure statements; however, the publication shall not include the contact information set forth in subsection (c).(Source: P.A. 104-466, eff. 1-1-27; 104-538, eff. 1-1-27.)