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FL H0563
Bill
Status
5/3/2013
Primary Sponsor
Dwight Dudley
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AI Summary
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Creates section 288.076 requiring the Department of Economic Opportunity to maintain a publicly accessible website publishing return on investment data for state economic development programs
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Mandates publication within 48 hours of confidentiality expiration for each project, including projected economic benefits, program details, participant business information, evaluation criteria, performance goals, and total state investment disbursed
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Requires the Office of Economic and Demographic Research to establish methodology and formulas for calculating project economic benefits, with the department publishing results and methodology descriptions within 48 hours of agreement conclusion
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Mandates annual updates to project information and annual publication of Quick Action Closing Fund progress data including average application review timeframes
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Requires publication of redacted project contracts and reports on businesses failing to complete tax refund agreements within 48 hours; applies effective October 1, 2013
Legislative Description
Reporting Requirements for Economic Development Programs
Last Action
Died in Economic Affairs Committee, companion bill(s) passed, see CS/CS/HB 7007 (Ch. 2013-39), CS/SB 406 (Ch. 2013-42)
5/3/2013