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FL S1048
Bill
AI Summary
- Amends the Innovation Incentive Program to update obsolete references from the Office of Tourism, Trade, and Economic Development to the department and revises legislative review requirements for award approvals
- Awards exceeding $5 million require Legislative Budget Commission review and approval before funds can be released by the department
- Awards exceeding $2 million but not exceeding $5 million require the Governor to notify the Legislative Budget Commission chair and vice chair, Senate President, and House Speaker at least 10 days before release; these officials can object if the award exceeds delegated authority or contradicts legislative policy
- Awards of $2 million or less may be approved and released by the Governor and department without legislative notice or review
- Takes effect July 1, 2012
Legislative Description
Innovation Incentive Program
Last Action
Died in Budget Subcommittee on Transportation, Tourism, and Economic Development Appropriations
3/9/2012
Committee Referrals
Transportation, Tourism, And Economic Development Appropriations Subcommittee2/7/2012
Commerce And Tourism12/8/2011
Full Bill Text
No bill text available