summary
Introduced
10/24/2019
10/24/2019
In Committee
11/06/2019
11/06/2019
Crossed Over
03/05/2020
03/05/2020
Passed
Dead
03/14/2020
03/14/2020
Introduced Session
2020 Regular Session
Bill Summary
Requiring the executive director of the Department of Economic Opportunity to serve as a member of the board of directors of the Florida Development Finance Corporation; requiring the department to develop performance standards for the corporation and to include certain information relating to the standards in the department's annual report; providing for the electronic execution and delivery of certain documents executed by the corporation; prohibiting certain bonds, notes, and other forms of indebtedness from exceeding a specified amount of time, etc.
AI Summary
This bill requires the executive director of the Department of Economic Opportunity to serve on the board of directors of the Florida Development Finance Corporation (FDFC). It also requires the department to develop performance standards for the FDFC and include information about them in its annual report. The bill allows for the electronic execution and delivery of certain FDFC documents and prohibits FDFC bonds, notes, and other indebtedness from exceeding 35 years. Additionally, the bill creates a provision regarding conflicts of interest for FDFC directors and sets a repeal date for the FDFC's enabling statute, which will require the legislature to review and save it from repeal.
Committee Categories
Business and Industry, Government Affairs
Sponsors (1)
Other Sponsors (3)
Commerce and Tourism (Senate), Governmental Oversight and Accountability (Senate), Rules (Senate)
Last Action
Died in Messages (on 03/14/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
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