FL S1270

Adds Enterprise Florida, Inc., to state agencies subject to inspector general oversight and makes the board chairperson subject to inspector general authority.

Requires the Department of Economic Opportunity to contract with an independent third party to annually verify business compliance with economic development incentive agreements and publish audit results on its website within 48 hours.

Information disclosed or published by the department pursuant to return on investment reporting requirements is no longer confidential or exempt from public records, even if related information remains confidential.

Requires a two-thirds board vote to approve Enterprise Florida contracts with organizations where board members have affiliations, and prohibits affiliated board members from voting on such contracts.

Reduces state operational funding to Enterprise Florida to 50 percent or an amount equal to private sector support if private sector funding does not equal at least 100 percent of state operational funding.

Requires Senate confirmation of the Enterprise Florida president and establishes that employee incentive payments must be based on quantifiable, measurable, and verifiable goals or results, not projected outcomes.