summary
Introduced
01/04/2018
01/04/2018
In Committee
01/07/2018
01/07/2018
Crossed Over
Passed
Dead
03/10/2018
03/10/2018
Introduced Session
2018 Regular Session
Bill Summary
Deletes requirement that DEO manage certain activities related to commercialization of specified products, services, & ideas; redesignates Institute for Commercialization of Public Research as Institute for Commercialization of Florida Technology; requires that investment-related affairs of institute be managed by private fund manager & overseen by board; requires that certain proceeds be returned to Florida Technology Seed Capital Fund after payment of certain costs & fees.
AI Summary
This bill revises the Florida Capital Formation Act to reduce the state's operational and management costs related to the Florida Technology Seed Capital Fund and the Seed Capital Accelerator Program. The bill redesignates the Institute for Commercialization of Public Research as the Institute for Commercialization of Florida Technology, and requires that the investment-related affairs of the institute be managed by a private fund manager overseen by a board of directors. The bill also requires that certain proceeds from the sale or liquidation of the investment portfolio be returned to the Florida Technology Seed Capital Fund after payment of applicable costs and fees.
Committee Categories
Labor and Employment
Sponsors (2)
Last Action
Died in Careers and Competition Subcommittee (on 03/10/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.flsenate.gov/Session/Bill/2018/1181 |
| Bill | http://www.flsenate.gov/Session/Bill/2018/1181/BillText/Filed/PDF |
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