FL H0211

Defines "small business" as an independently owned entity domiciled in Florida for 3+ years with 50 or fewer full-time employees, maximum annual gross sales of $1-$5 million depending on business type, and net worth not exceeding $5 million.

Requires state agencies to avoid unnecessary contract bundling and conduct market research before issuing bundled contract solicitations, with written summaries and analyses included in solicitation documents.

Mandates agencies award at least 35 percent of total contract dollars annually to small businesses either directly or as subcontractors, with vendors required to spend at least 35 percent of gross contract amounts on small business subcontracting.

Prohibits agencies, general contractors, and prime contractors from requiring bid bonds, performance bonds, or other sureties for contracts not exceeding $500,000, and establishes payment requirements of 12 calendar days to prime contractors and 2 calendar days to subcontractors.

Establishes reporting system through Executive Office of the Governor rules ombudsman to track small business participation, with annual compliance reports due to Governor, Cabinet, and Legislature by February 1 each year; effective July 1, 2016.