HB 1433 Summary

• Requires the Department of Economic Opportunity to establish the Florida Sports Foundation as a direct-support organization and contract with it to promote the sports industry, amateur athletics participation, and Florida as a host for national and international athletic competitions.

• Specifies the Foundation's board of directors shall consist of up to 15 members appointed by the Governor, with defined representation from professional sports franchises, sports commissions, and at-large members selected based on sports industry background and financial support.

• Requires the Foundation to operate under written contract with the Department by July 1, 2017, including requirements for annual budget proposals, financial audits, and compliance reviews.

• Mandates the Foundation develop the "Florida Senior Games" as a statewide amateur athletic competition and continue the "Sunshine State Games," removing residency requirements for participants.

• Transfers administration of certain specialty license plate programs (Olympic Committee, Professional Sports Team, NASCAR, and Tennis) from Enterprise Florida, Inc. to the Florida Sports Foundation, with specified revenue allocations for sports promotion and development.