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FL H0141
Bill
Status
Passed
5/29/2024
Primary Sponsor
Ways & Means Committee
Click for details
AI Summary
- Removes the requirement that Regional Rural Development Grants received by regional economic development organizations be matched by nonstate resources equal to 25% of the state contribution
- Eliminates the requirement that applicants demonstrate financial or in-kind commitments from local governments and the private sector, while retaining requirements to show the organization is active in economic development and coordinates with other organizations
- Removes the requirement that the department consider the "demonstrated need" of applicants when approving participants in the grant program
- Allows Triumph Gulf Coast, Inc. to retain earnings generated by investments and interest to make awards or cover administrative costs, rather than requiring monthly deposit of interest into the Triumph Gulf Coast Trust Fund
- Caps annual salary for any Triumph Gulf Coast employee or contracted staff at $130,000, with associated benefits not to exceed 35% of salary; effective July 1, 2024
Legislative Description
Economic Development
Last Action
Chapter No. 2024-203
5/29/2024
Committee Referrals
Commerce Committee2/16/2024
Ways and Means Committee2/6/2024
Regulatory Reform & Economic Development Subcommittee10/17/2023
Full Bill Text
No bill text available