| 1 | The Committee on Commerce recommends the following: |
| 2 |
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| 3 | Committee Substitute |
| 4 | Remove the entire bill and insert: |
| 5 | A bill to be entitled |
| 6 | An act relating to economic stimulus; amending s. 212.08, |
| 7 | F.S.; revising sales price criteria for characterizing |
| 8 | business property; conforming provisions to the designated |
| 9 | urban job tax credit revision; amending s. 212.097, F.S.; |
| 10 | revising provisions providing for an urban job tax credit |
| 11 | program to apply to designated urban job tax credit areas |
| 12 | rather than high crime areas; revising and providing |
| 13 | definitions, eligibility criteria, application procedures |
| 14 | and requirements, and area characteristics and criteria; |
| 15 | authorizing transfer of unused credits under the Rural Job |
| 16 | Tax Credit Program; specifying use of transferred credits; |
| 17 | prohibiting transfer of transferred credits; amending s. |
| 18 | 212.098, F.S.; authorizing transfer of unused credits |
| 19 | under the Rural Job Tax Credit Program; specifying use of |
| 20 | transferred credits; prohibiting transfer of transferred |
| 21 | credits; amending s. 220.1895, F.S.; conforming provisions |
| 22 | to amendments to urban job tax credit areas program |
| 23 | provisions; removing a historical reference; amending s. |
| 24 | 288.095, F.S.; deleting a report requirement relating to |
| 25 | the Economic Development Incentives Account; amending s. |
| 26 | 288.1045, F.S.; extending an expiration date for the tax |
| 27 | refund program for qualified defense contractors; |
| 28 | preserving the effect of certain tax refund agreements |
| 29 | after the expiration date; amending s. 288.106, F.S.; |
| 30 | extending an expiration date for the tax refund program |
| 31 | for qualified target industry businesses; preserving the |
| 32 | effect of certain tax refund agreements after the |
| 33 | expiration date; amending s. 288.901, F.S.; revising |
| 34 | operational criteria of members of the board of directors |
| 35 | of Enterprise Florida, Inc.; amending s. 288.90151, F.S.; |
| 36 | revising requirements, criteria, and limitations for |
| 37 | returns on investment from activities of Enterprise |
| 38 | Florida, Inc.; amending s. 288.903, F.S.; deleting an |
| 39 | employment compensation limitation for employees of |
| 40 | Enterprise Florida, Inc.; amending s. 288.904, F.S.; |
| 41 | revising limitations on contractual powers of the board of |
| 42 | directors of Enterprise Florida, Inc.; amending s. |
| 43 | 288.905, F.S.; revising a pay raise or bonus limitation |
| 44 | for certain employees; amending s. 288.9515, F.S.; |
| 45 | revising and clarifying powers of Enterprise Florida, |
| 46 | Inc., to develop authorized technology development |
| 47 | programs; specifying uses of moneys in the Florida |
| 48 | Technology Research Investment Fund; providing for payment |
| 49 | of certain claims from the fund; revising limitations on |
| 50 | revenues from certain investments used for operating |
| 51 | expenses associated with the Florida Technology Research |
| 52 | Investment Fund and the Florida Small Business Technology |
| 53 | Growth Program; requiring Enterprise Florida, Inc., to |
| 54 | coordinate with certain organizations to develop a |
| 55 | statewide entrepreneurial growth stimulation strategy; |
| 56 | providing criteria; amending s. 288.99, F.S.; conforming |
| 57 | provisions to the designated urban job tax credit |
| 58 | revision; repealing s. 288.041(3) and (4), F.S., relating |
| 59 | to Enterprise Florida, Inc., and the Department of |
| 60 | Commerce assisting in expanding the solar energy industry |
| 61 | in this state; repealing s. 288.8155, F.S., relating to |
| 62 | the International Trade Data Resource and Research Center; |
| 63 | repealing s. 288.9015(3), F.S., relating to Enterprise |
| 64 | Florida, Inc., responsibility to develop a comprehensive |
| 65 | approach to workforce development; repealing s. 288.9517, |
| 66 | F.S., relating to audits of the technology development |
| 67 | board and programs or entities created by the board; |
| 68 | repealing s. 14, ch. 93-187, Laws of Florida, relating to |
| 69 | the December 31, 2003, repeal of Enterprise Florida |
| 70 | Innovation Partnership provisions; providing effective |
| 71 | dates. |
| 72 |
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| 73 | Be It Enacted by the Legislature of the State of Florida: |
| 74 |
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| 75 | Section 1. Paragraphs (h) and (o) of subsection (5) of |
| 76 | section 212.08, Florida Statutes, are amended to read: |
| 77 | 212.08 Sales, rental, use, consumption, distribution, and |
| 78 | storage tax; specified exemptions.--The sale at retail, the |
| 79 | rental, the use, the consumption, the distribution, and the |
| 80 | storage to be used or consumed in this state of the following |
| 81 | are hereby specifically exempt from the tax imposed by this |
| 82 | chapter. |
| 83 | (5) EXEMPTIONS; ACCOUNT OF USE.-- |
| 84 | (h) Business property used in an enterprise zone.-- |
| 85 | 1. Business property purchased for use by businesses |
| 86 | located in an enterprise zone which is subsequently used in an |
| 87 | enterprise zone shall be exempt from the tax imposed by this |
| 88 | chapter. This exemption inures to the business only through a |
| 89 | refund of previously paid taxes. A refund shall be authorized |
| 90 | upon an affirmative showing by the taxpayer to the satisfaction |
| 91 | of the department that the requirements of this paragraph have |
| 92 | been met. |
| 93 | 2. To receive a refund, the business must file under oath |
| 94 | with the governing body or enterprise zone development agency |
| 95 | having jurisdiction over the enterprise zone where the business |
| 96 | is located, as applicable, an application which includes: |
| 97 | a. The name and address of the business claiming the |
| 98 | refund. |
| 99 | b. The identifying number assigned pursuant to s. 290.0065 |
| 100 | to the enterprise zone in which the business is located. |
| 101 | c. A specific description of the property for which a |
| 102 | refund is sought, including its serial number or other permanent |
| 103 | identification number. |
| 104 | d. The location of the property. |
| 105 | e. The sales invoice or other proof of purchase of the |
| 106 | property, showing the amount of sales tax paid, the date of |
| 107 | purchase, and the name and address of the sales tax dealer from |
| 108 | whom the property was purchased. |
| 109 | f. Whether the business is a small business as defined by |
| 110 | s. 288.703(1). |
| 111 | g. If applicable, the name and address of each permanent |
| 112 | employee of the business, including, for each employee who is a |
| 113 | resident of an enterprise zone, the identifying number assigned |
| 114 | pursuant to s. 290.0065 to the enterprise zone in which the |
| 115 | employee resides. |
| 116 | 3. Within 10 working days after receipt of an application, |
| 117 | the governing body or enterprise zone development agency shall |
| 118 | review the application to determine if it contains all the |
| 119 | information required pursuant to subparagraph 2. and meets the |
| 120 | criteria set out in this paragraph. The governing body or agency |
| 121 | shall certify all applications that contain the information |
| 122 | required pursuant to subparagraph 2. and meet the criteria set |
| 123 | out in this paragraph as eligible to receive a refund. If |
| 124 | applicable, the governing body or agency shall also certify if |
| 125 | 20 percent of the employees of the business are residents of an |
| 126 | enterprise zone, excluding temporary and part-time employees. |
| 127 | The certification shall be in writing, and a copy of the |
| 128 | certification shall be transmitted to the executive director of |
| 129 | the Department of Revenue. The business shall be responsible for |
| 130 | forwarding a certified application to the department within the |
| 131 | time specified in subparagraph 4. |
| 132 | 4. An application for a refund pursuant to this paragraph |
| 133 | must be submitted to the department within 6 months after the |
| 134 | tax is due on the business property that is purchased. |
| 135 | 5. The provisions of s. 212.095 do not apply to any refund |
| 136 | application made pursuant to this paragraph. The amount refunded |
| 137 | on purchases of business property under this paragraph shall be |
| 138 | the lesser of 97 percent of the sales tax paid on such business |
| 139 | property or $5,000, or, if no less than 20 percent of the |
| 140 | employees of the business are residents of an enterprise zone, |
| 141 | excluding temporary and part-time employees, the amount refunded |
| 142 | on purchases of business property under this paragraph shall be |
| 143 | the lesser of 97 percent of the sales tax paid on such business |
| 144 | property or $10,000. A refund approved pursuant to this |
| 145 | paragraph shall be made within 30 days of formal approval by the |
| 146 | department of the application for the refund. No refund shall be |
| 147 | granted under this paragraph unless the amount to be refunded |
| 148 | exceeds $100 in sales tax paid on purchases made within a 60-day |
| 149 | time period. |
| 150 | 6. The department shall adopt rules governing the manner |
| 151 | and form of refund applications and may establish guidelines as |
| 152 | to the requisites for an affirmative showing of qualification |
| 153 | for exemption under this paragraph. |
| 154 | 7. If the department determines that the business property |
| 155 | is used outside an enterprise zone within 3 years from the date |
| 156 | of purchase, the amount of taxes refunded to the business |
| 157 | purchasing such business property shall immediately be due and |
| 158 | payable to the department by the business, together with the |
| 159 | appropriate interest and penalty, computed from the date of |
| 160 | purchase, in the manner provided by this chapter. |
| 161 | Notwithstanding this subparagraph, business property used |
| 162 | exclusively in: |
| 163 | a. Licensed commercial fishing vessels, |
| 164 | b. Fishing guide boats, or |
| 165 | c. Ecotourism guide boats |
| 166 |
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| 167 | that leave and return to a fixed location within an area |
| 168 | designated under s. 370.28 are eligible for the exemption |
| 169 | provided under this paragraph if all requirements of this |
| 170 | paragraph are met. Such vessels and boats must be owned by a |
| 171 | business that is eligible to receive the exemption provided |
| 172 | under this paragraph. This exemption does not apply to the |
| 173 | purchase of a vessel or boat. |
| 174 | 8. The department shall deduct an amount equal to 10 |
| 175 | percent of each refund granted under the provisions of this |
| 176 | paragraph from the amount transferred into the Local Government |
| 177 | Half-cent Sales Tax Clearing Trust Fund pursuant to s. 212.20 |
| 178 | for the county area in which the business property is located |
| 179 | and shall transfer that amount to the General Revenue Fund. |
| 180 | 9. For the purposes of this exemption, "business property" |
| 181 | means new or used property defined as "recovery property" in s. |
| 182 | 168(c) of the Internal Revenue Code of 1954, as amended, except: |
| 183 | a. Property classified as 3-year property under s. |
| 184 | 168(c)(2)(A) of the Internal Revenue Code of 1954, as amended.; |
| 185 | b. Industrial machinery and equipment as defined in sub- |
| 186 | subparagraph (b)6.a. and eligible for exemption under paragraph |
| 187 | (b).; |
| 188 | c. Building materials as defined in sub-subparagraph |
| 189 | (g)8.a.; and |
| 190 | d. Business property having a sales price of under $500 |
| 191 | $5,000 per unit. |
| 192 | 10. The provisions of this paragraph shall expire and be |
| 193 | void on December 31, 2005. |
| 194 | (o) Building materials in redevelopment projects.-- |
| 195 | 1. As used in this paragraph, the term: |
| 196 | a. "Building materials" means tangible personal property |
| 197 | that becomes a component part of a housing project or a mixed- |
| 198 | use project. |
| 199 | b. "Housing project" means the conversion of an existing |
| 200 | manufacturing or industrial building to housing units in a |
| 201 | designated an urban job tax credit high-crime area, enterprise |
| 202 | zone, empowerment zone, Front Porch Community, designated |
| 203 | brownfield area, or urban infill area and in which the developer |
| 204 | agrees to set aside at least 20 percent of the housing units in |
| 205 | the project for low-income and moderate-income persons or the |
| 206 | construction in a designated brownfield area of affordable |
| 207 | housing for persons described in s. 420.0004(9), (10), or (14), |
| 208 | or in s. 159.603(7). |
| 209 | c. "Mixed-use project" means the conversion of an existing |
| 210 | manufacturing or industrial building to mixed-use units that |
| 211 | include artists' studios, art and entertainment services, or |
| 212 | other compatible uses. A mixed-use project must be located in |
| 213 | designated an urban job tax credit high-crime area, enterprise |
| 214 | zone, empowerment zone, Front Porch Community, designated |
| 215 | brownfield area, or urban infill area, and the developer must |
| 216 | agree to set aside at least 20 percent of the square footage of |
| 217 | the project for low-income and moderate-income housing. |
| 218 | d. "Substantially completed" has the same meaning as |
| 219 | provided in s. 192.042(1). |
| 220 | 2. Building materials used in the construction of a |
| 221 | housing project or mixed-use project are exempt from the tax |
| 222 | imposed by this chapter upon an affirmative showing to the |
| 223 | satisfaction of the department that the requirements of this |
| 224 | paragraph have been met. This exemption inures to the owner |
| 225 | through a refund of previously paid taxes. To receive this |
| 226 | refund, the owner must file an application under oath with the |
| 227 | department which includes: |
| 228 | a. The name and address of the owner. |
| 229 | b. The address and assessment roll parcel number of the |
| 230 | project for which a refund is sought. |
| 231 | c. A copy of the building permit issued for the project. |
| 232 | d. A certification by the local building code inspector |
| 233 | that the project is substantially completed. |
| 234 | e. A sworn statement, under penalty of perjury, from the |
| 235 | general contractor licensed in this state with whom the owner |
| 236 | contracted to construct the project, which statement lists the |
| 237 | building materials used in the construction of the project and |
| 238 | the actual cost thereof, and the amount of sales tax paid on |
| 239 | these materials. If a general contractor was not used, the owner |
| 240 | shall provide this information in a sworn statement, under |
| 241 | penalty of perjury. Copies of invoices evidencing payment of |
| 242 | sales tax must be attached to the sworn statement. |
| 243 | 3. An application for a refund under this paragraph must |
| 244 | be submitted to the department within 6 months after the date |
| 245 | the project is deemed to be substantially completed by the local |
| 246 | building code inspector. Within 30 working days after receipt of |
| 247 | the application, the department shall determine if it meets the |
| 248 | requirements of this paragraph. A refund approved pursuant to |
| 249 | this paragraph shall be made within 30 days after formal |
| 250 | approval of the application by the department. The provisions of |
| 251 | s. 212.095 do not apply to any refund application made under |
| 252 | this paragraph. |
| 253 | 4. The department shall establish by rule an application |
| 254 | form and criteria for establishing eligibility for exemption |
| 255 | under this paragraph. |
| 256 | 5. The exemption shall apply to purchases of materials on |
| 257 | or after July 1, 2000. |
| 258 | Section 2. Section 212.097, Florida Statutes, is amended |
| 259 | to read: |
| 260 | 212.097 Designated Urban High-Crime Area Job Tax Credit |
| 261 | Area Program.-- |
| 262 | (1) As used in this section, the term: |
| 263 | (a) "Eligible business" means any sole proprietorship, |
| 264 | firm, partnership, or corporation that is located in a |
| 265 | designated urban job tax credit area qualified county and is |
| 266 | predominantly engaged in, or is headquarters for a business |
| 267 | predominantly engaged in, activities usually provided for |
| 268 | consideration by firms classified within the following standard |
| 269 | industrial classifications: SIC 01-SIC 09 (agriculture, |
| 270 | forestry, and fishing); SIC 20-SIC 39 (manufacturing); SIC 52- |
| 271 | SIC 57 and SIC 59 (retail); SIC 422 (public warehousing and |
| 272 | storage); SIC 70 (hotels and other lodging places); SIC 7391 |
| 273 | (research and development); SIC 781 (motion picture production |
| 274 | and allied services); SIC 7992 (public golf courses); and SIC |
| 275 | 7996 (amusement parks); and a targeted industry eligible for the |
| 276 | qualified target industry business tax refund under s. 288.106. |
| 277 | A call center or similar customer service operation that |
| 278 | services a multistate market or international market is also an |
| 279 | eligible business. In addition, the Office of Tourism, Trade, |
| 280 | and Economic Development may, as part of its final budget |
| 281 | request submitted pursuant to s. 216.023, recommend additions to |
| 282 | or deletions from the list of standard industrial |
| 283 | classifications used to determine an eligible business, and the |
| 284 | Legislature may implement such recommendations. Excluded from |
| 285 | eligible receipts are receipts from retail sales, except such |
| 286 | receipts for SIC 52-SIC 57 and SIC 59 (retail) hotels and other |
| 287 | lodging places classified in SIC 70, public golf courses in SIC |
| 288 | 7992, and amusement parks in SIC 7996. For purposes of this |
| 289 | paragraph, the term "predominantly" means that more than 50 |
| 290 | percent of the business's gross receipts from all sources is |
| 291 | generated by those activities usually provided for consideration |
| 292 | by firms in the specified standard industrial classification. |
| 293 | The determination of whether the business is located in a |
| 294 | designated urban job tax credit qualified high-crime area and |
| 295 | the tier ranking of that area must be based on the date of |
| 296 | application for the credit under this section. Commonly owned |
| 297 | and controlled entities are to be considered a single business |
| 298 | entity. |
| 299 | (b) "Qualified employee" means any employee of an eligible |
| 300 | business who performs duties in connection with the operations |
| 301 | of the business on a regular, full-time basis for an average of |
| 302 | at least 36 hours per week for at least 3 months within the |
| 303 | designated urban job tax credit qualified high-crime area in |
| 304 | which the eligible business is located. An owner or partner of |
| 305 | the eligible business is not a qualified employee. The term also |
| 306 | includes an employee leased from an employee leasing company |
| 307 | licensed under chapter 468, if such employee has been |
| 308 | continuously leased to the employer for an average of at least |
| 309 | 36 hours per week for more than 6 months. |
| 310 | (c) "New business" means any eligible business first |
| 311 | beginning operation on a site in a designated urban job tax |
| 312 | credit qualified high-crime area and clearly separate from any |
| 313 | other commercial or business operation of the business entity |
| 314 | within a designated urban job tax credit qualified high-crime |
| 315 | area. A business entity that operated an eligible business |
| 316 | within a designated urban job tax credit qualified high-crime |
| 317 | area within the 48 months before the period provided for |
| 318 | application by subsection (2) is not considered a new business. |
| 319 | (d) "Existing business" means any eligible business that |
| 320 | does not meet the criteria for a new business. |
| 321 | (e) "Designated urban job tax credit Qualified high-crime |
| 322 | area" means an area selected by the Office of Tourism, Trade, |
| 323 | and Economic Development in the following manner: every third |
| 324 | year, the office shall rank and tier those areas nominated under |
| 325 | subsection (7), according to the highest level of distress |
| 326 | experienced in the categories enumerated under subsection (7). |
| 327 | The Office of Tourism, Trade, and Economic Development shall |
| 328 | designate the 30 highest-distress-profile urban areas as |
| 329 | eligible participants under the urban job tax credit program. |
| 330 | following prioritized criteria: |
| 331 | 1. Highest arrest rates within the geographic area for |
| 332 | violent crime and for such other crimes as drug sale, drug |
| 333 | possession, prostitution, vandalism, and civil disturbances; |
| 334 | 2. Highest reported crime volume and rate of specific |
| 335 | property crimes such as business and residential burglary, motor |
| 336 | vehicle theft, and vandalism; |
| 337 | 3. Highest percentage of reported index crimes that are |
| 338 | violent in nature; |
| 339 | 4. Highest overall index crime volume for the area; and |
| 340 | 5. Highest overall index crime rate for the geographic |
| 341 | area. |
| 342 |
|
| 343 | Tier-one areas are ranked 1 through 5 and represent the highest |
| 344 | crime areas according to this ranking. Tier-two areas are ranked |
| 345 | 6 through 10 according to this ranking. Tier-three areas are |
| 346 | ranked 11 through 15. Notwithstanding this definition, |
| 347 | "designated urban job tax credit qualified high-crime area" also |
| 348 | means an area that has been designated as a federal Empowerment |
| 349 | Zone pursuant to the Taxpayer Relief Act of 1997 or the |
| 350 | Community Tax Relief Act of 2000. Such a designated area is |
| 351 | ranked in tier three until the areas are reevaluated by the |
| 352 | Office of Tourism, Trade, and Economic Development. |
| 353 | (f) "Central business district" means an area comprised of |
| 354 | at least 80 percent commercial and government buildings and |
| 355 | properties; characterized by a high concentration of retail |
| 356 | businesses, service businesses, offices, theaters, and hotels; |
| 357 | and located in a Department of Transportation urban service |
| 358 | area. |
| 359 | (g) "Urban" means a densely populated nonrural area |
| 360 | located within an urban county which consists of a cluster of |
| 361 | one or more census blocks, each of which has a population |
| 362 | density of at least 400 people per square mile, or an area |
| 363 | defined by the most recent United States Census as urban. |
| 364 | (2) A new eligible business may apply for a tax credit |
| 365 | under this subsection once at any time during its first year of |
| 366 | operation. A new eligible business in a designated urban job tax |
| 367 | credit tier-one qualified high-crime area which has at least 10 |
| 368 | qualified employees on the date of application shall receive a |
| 369 | $1,500 tax credit for each such employee. A new eligible |
| 370 | business in a tier-two qualified high-crime area which has at |
| 371 | least 20 qualified employees on the date of application shall |
| 372 | receive a $1,000 tax credit for each such employee. A new |
| 373 | eligible business in a tier-three qualified high-crime area |
| 374 | which has at least 30 qualified employees on the date of |
| 375 | application shall receive a $500 tax credit for each such |
| 376 | employee. |
| 377 | (3) An existing eligible business may apply for a tax |
| 378 | credit under this subsection at any time it is entitled to such |
| 379 | credit, except as restricted by this subsection. An existing |
| 380 | eligible business in a designated urban job tax credit tier-one |
| 381 | qualified high-crime area which on the date of application has |
| 382 | at least 5 more qualified employees than it had 1 year prior to |
| 383 | its date of application shall receive a $1,500 tax credit for |
| 384 | each such additional employee. An existing eligible business in |
| 385 | a tier-two qualified high-crime area which on the date of |
| 386 | application has at least 10 more qualified employees than it had |
| 387 | 1 year prior to its date of application shall receive a $1,000 |
| 388 | credit for each such additional employee. An existing business |
| 389 | in a tier-three qualified high-crime area which on the date of |
| 390 | application has at least 15 more qualified employees than it had |
| 391 | 1 year prior to its date of application shall receive a $500 tax |
| 392 | credit for each such additional employee. An existing eligible |
| 393 | business may apply for the credit under this subsection no more |
| 394 | than once in any 12-month period. Any existing eligible business |
| 395 | that received a credit under subsection (2) may not apply for |
| 396 | the credit under this subsection sooner than 12 months after the |
| 397 | application date for the credit under subsection (2). |
| 398 | (4) For any new eligible business receiving a credit |
| 399 | pursuant to subsection (2), an additional $500 credit shall be |
| 400 | provided for any qualified employee who is a welfare transition |
| 401 | program participant. For any existing eligible business |
| 402 | receiving a credit pursuant to subsection (3), an additional |
| 403 | $500 credit shall be provided for any qualified employee who is |
| 404 | a welfare transition program participant. Such employee must be |
| 405 | employed on the application date and have been employed less |
| 406 | than 1 year. This credit shall be in addition to other credits |
| 407 | pursuant to this section regardless of the tier-level of the |
| 408 | high-crime area. Appropriate documentation concerning the |
| 409 | eligibility of an employee for this credit must be submitted as |
| 410 | determined by the department. |
| 411 | (5) To be eligible for a tax credit under subsection (3), |
| 412 | the number of qualified employees employed 1 year prior to the |
| 413 | application date must be no lower than the number of qualified |
| 414 | employees on the application date on which a credit under this |
| 415 | section was based for any previous application, including an |
| 416 | application under subsection (2). |
| 417 | (6) Any county or municipality, or a county and one or |
| 418 | more municipalities together, may apply to the Office of |
| 419 | Tourism, Trade, and Economic Development for the designation of |
| 420 | an area as a designated urban job tax credit high-crime area |
| 421 | after the adoption by the governing body or bodies of a |
| 422 | resolution that: |
| 423 | (a) Finds that an urban a high-crime area exists in such |
| 424 | county or municipality, or in both the county and one or more |
| 425 | municipalities, which chronically exhibits extreme and |
| 426 | unacceptable levels of poverty, unemployment, physical |
| 427 | deterioration, and economic disinvestment; |
| 428 | (b) Determines that the rehabilitation, conservation, or |
| 429 | redevelopment, or a combination thereof, of such an urban a |
| 430 | high-crime area is necessary in the interest of the health, |
| 431 | safety, and welfare of the residents of such county or |
| 432 | municipality, or such county and one or more municipalities; and |
| 433 | (c) Determines that the revitalization of such an urban a |
| 434 | high-crime area can occur if the public sector or private sector |
| 435 | can be induced to invest its own resources in productive |
| 436 | enterprises that build or rebuild the economic viability of the |
| 437 | area. |
| 438 | (7) The governing body of the entity nominating the area |
| 439 | shall demonstrate provide to the Office of Tourism, Trade, and |
| 440 | Economic Development that the area meets the following: |
| 441 | (a) Income characteristics: |
| 442 | 1. Forty percent of area residents are earning wages on an |
| 443 | annual basis that are equal to or less than the annual wage of a |
| 444 | person who is earning minimum wage; or |
| 445 | 2. More than 20 percent of residents or families live |
| 446 | below the federal standard of poverty for individuals or a |
| 447 | family of four. The overall index crime rate for the geographic |
| 448 | area; |
| 449 | (b) Education characteristics: |
| 450 | 1. Has a high school dropout rate higher than the county |
| 451 | average; or |
| 452 | 2. Has a high school graduation rate lower than the state |
| 453 | average. The overall index crime volume for the area; |
| 454 | (c) Workforce and employment characteristics: |
| 455 | 1. Has an unemployment rate at least 3 percentage points |
| 456 | higher than the state's unemployment rate; |
| 457 | 2. More than 50 percent of families subject to the |
| 458 | welfare-to-work transition time limit are either within 6 months |
| 459 | of the time limit or are receiving cash assistance under a |
| 460 | period of hardship extension to the time limit; or |
| 461 | 3. Is identified as a labor surplus area using the |
| 462 | criteria established by the United States Department of Labor's |
| 463 | Employment and Training Administration. The percentage of |
| 464 | reported index crimes that are violent in nature; |
| 465 | (d) Crime characteristics: |
| 466 | 1. Has an arrest rate higher than the state's average rate |
| 467 | for such crimes as drug sale, drug possession, prostitution, |
| 468 | vandalism, and civil disturbances, as recorded by total crime |
| 469 | index of the Department of Law Enforcement; or |
| 470 | 2. Ranks in the top 30 percent of zip codes with reported |
| 471 | crimes that are violent in nature. The reported crime volume and |
| 472 | rate of specific property crimes such as business and |
| 473 | residential burglary, motor vehicle theft, and vandalism; and |
| 474 | (e) Residential and commercial property related |
| 475 | characteristics: |
| 476 | 1. Fifty percent or more of area residents rent; or |
| 477 | 2.a. Property values are within the lower 50 percent of |
| 478 | the county's assessed property values; |
| 479 | b. More than 5 percent of area homes, apartments, or |
| 480 | buildings are abandoned, have been condemned within the previous |
| 481 | 24 months, or have a greater number of violations of the Florida |
| 482 | Building Code than recorded in the remainder of the county or |
| 483 | municipality; or |
| 484 | c. Tax or special assessment delinquencies exceed the fair |
| 485 | value of the land The arrest rates within the geographic area |
| 486 | for violent crime and for such other crimes as drug sale, drug |
| 487 | possession, prostitution, disorderly conduct, vandalism, and |
| 488 | other public-order offenses. |
| 489 | (8) A municipality, or a county and one or more |
| 490 | municipalities together, may not nominate more than one urban |
| 491 | high-crime area. However, any county as defined by s. 125.011(1) |
| 492 | may nominate no more than three urban high-crime areas. |
| 493 | (9)(a) An area nominated by a county or municipality, or a |
| 494 | county and one or more municipalities together, for designation |
| 495 | as a designated urban job tax credit high-crime area shall be |
| 496 | eligible only if it meets the following criteria: |
| 497 | 1.(a) The selected area does not exceed 20 square miles |
| 498 | and either has a continuous boundary or consists of not more |
| 499 | than three noncontiguous parcels.; |
| 500 | 2.(b) The selected area does not exceed the following |
| 501 | mileage limitation: |
| 502 | a.1. For areas communities having a total population of |
| 503 | 150,000 persons or more, the selected area does not exceed 20 |
| 504 | square miles and is within 10 miles of the central business |
| 505 | district of a city. |
| 506 | b.2. For areas communities having a total population of |
| 507 | 50,000 persons or more, but fewer than 150,000 persons, the |
| 508 | selected area does not exceed 10 square miles and is within 7.5 |
| 509 | miles of the central business district of a city. |
| 510 | c.3. For areas communities having a total population of |
| 511 | 20,000 persons or more, but fewer than 50,000 persons, the |
| 512 | selected area does not exceed 5 square miles and is within 5 |
| 513 | miles of the central business district of a city. |
| 514 | d.4. For areas communities having a total population of |
| 515 | fewer than 20,000 persons, the selected area does not exceed 3 |
| 516 | square miles and is within 3 miles of the central business |
| 517 | district of a city. |
| 518 | (b) A designated urban job tax credit area may not include |
| 519 | any portion of a central business district, unless the poverty |
| 520 | rate for each census geographic block group in the district is |
| 521 | not less than 30 percent. |
| 522 | (10)(a) In order to claim this credit, an eligible |
| 523 | business must file under oath with the Office of Tourism, Trade, |
| 524 | and Economic Development a statement that includes the name and |
| 525 | address of the eligible business and any other information that |
| 526 | is required to process the application. |
| 527 | (b) Within 30 working days after receipt of an application |
| 528 | for credit, the Office of Tourism, Trade, and Economic |
| 529 | Development shall review the application to determine whether it |
| 530 | contains all the information required by this subsection and |
| 531 | meets the criteria set out in this section. Subject to the |
| 532 | provisions of paragraph (c), the Office of Tourism, Trade, and |
| 533 | Economic Development shall approve all applications that contain |
| 534 | the information required by this subsection and meet the |
| 535 | criteria set out in this section as eligible to receive a |
| 536 | credit. |
| 537 | (c) The maximum credit amount that may be approved during |
| 538 | any calendar year is $5 million, of which $1 million shall be |
| 539 | exclusively reserved for tier-one areas. The Department of |
| 540 | Revenue, in conjunction with the Office of Tourism, Trade, and |
| 541 | Economic Development, shall notify the governing bodies in areas |
| 542 | designated under this section as urban high-crime areas when the |
| 543 | $5 million maximum amount has been reached. Applications must be |
| 544 | considered for approval in the order in which they are received |
| 545 | without regard to whether the credit is for a new or existing |
| 546 | business. This limitation applies to the value of the credit as |
| 547 | contained in approved applications. Approved credits may be |
| 548 | taken in the time and manner allowed pursuant to this section. |
| 549 | (11) If the application is insufficient to support the |
| 550 | credit authorized in this section, the Office of Tourism, Trade, |
| 551 | and Economic Development shall deny the credit and notify the |
| 552 | business of that fact. The business may reapply for this credit |
| 553 | within 3 months after such notification. |
| 554 | (12) If the credit under this section is greater than can |
| 555 | be taken on a single tax return, excess amounts may be taken as |
| 556 | credits on any tax return submitted within 12 months after the |
| 557 | approval of the application by the department. |
| 558 | (13) It is the responsibility of each business to |
| 559 | affirmatively demonstrate to the satisfaction of the Department |
| 560 | of Revenue that it meets the requirements of this section. |
| 561 | (14) Any person who fraudulently claims this credit is |
| 562 | liable for repayment of the credit plus a mandatory penalty of |
| 563 | 100 percent of the credit and is guilty of a misdemeanor of the |
| 564 | second degree, punishable as provided in s. 775.082 or s. |
| 565 | 775.083. |
| 566 | (15) A corporation may take the credit under this section |
| 567 | against its corporate income tax liability, as provided in s. |
| 568 | 220.1895. However, a corporation that applies its job tax credit |
| 569 | against the tax imposed by chapter 220 may not receive the |
| 570 | credit provided for in this section. A credit may be taken |
| 571 | against only one tax. |
| 572 | (16) An eligible business may transfer any unused credit |
| 573 | in whole or in units of no less than 25 percent of the remaining |
| 574 | credit. The entity acquiring such credit may use it in the same |
| 575 | manner and with the same limitation as described in this |
| 576 | section. Such transferred credits may not be transferred again |
| 577 | although they may succeed to a surviving or acquiring entity |
| 578 | subject to the same conditions and limitations described in this |
| 579 | section. |
| 580 | (17)(16) The department shall adopt rules governing the |
| 581 | manner and form of applications for credit or transfers of |
| 582 | credit and may establish guidelines concerning the requisites |
| 583 | for an affirmative showing of qualification for the credit under |
| 584 | this section. |
| 585 | Section 3. Subsection (12) of section 212.098, Florida |
| 586 | Statutes, is renumbered as subsection (13), and a new subsection |
| 587 | (12) is added to said section to read: |
| 588 | 212.098 Rural Job Tax Credit Program.-- |
| 589 | (12) An eligible business may transfer any unused credit |
| 590 | in whole or in units of not less than 25 percent of the |
| 591 | remaining credit. The entity acquiring such credit may use it in |
| 592 | the same manner and with the same limitation as described in |
| 593 | this section. Such transferred credits may not be transferred |
| 594 | again although they may succeed to a surviving or acquiring |
| 595 | entity subject to the same conditions and limitations described |
| 596 | in this section. |
| 597 | Section 4. Section 220.1895, Florida Statutes, is amended |
| 598 | to read: |
| 599 | 220.1895 Rural Job Tax Credit and Designated Urban High- |
| 600 | Crime Area Job Tax Credit Area.--There shall be allowed a credit |
| 601 | against the tax imposed by this chapter amounts approved by the |
| 602 | Office of Tourism, Trade, and Economic Development pursuant to |
| 603 | the Rural Job Tax Credit Program in s. 212.098 and the |
| 604 | Designated Urban High-Crime Area Job Tax Credit Area Program in |
| 605 | s. 212.097. A corporation that uses its credit against the tax |
| 606 | imposed by this chapter may not take the credit against the tax |
| 607 | imposed by chapter 212. If any credit granted under this section |
| 608 | is not fully used in the first year for which it becomes |
| 609 | available, the unused amount may be carried forward for a period |
| 610 | not to exceed 5 years. The carryover may be used in a subsequent |
| 611 | year when the tax imposed by this chapter for such year exceeds |
| 612 | the credit for such year under this section after applying the |
| 613 | other credits and unused credit carryovers in the order provided |
| 614 | in s. 220.02(8). The Office of Tourism, Trade, and Economic |
| 615 | Development shall conduct a review of the Urban High-Crime Area |
| 616 | Job Tax Credit and the Rural Job Tax Credit Program and submit |
| 617 | its report to the Governor, the President of the Senate, and the |
| 618 | Speaker of the House of Representatives by February 1, 2000. |
| 619 | Section 5. Paragraph (c) of subsection (3) of section |
| 620 | 288.095, Florida Statutes, is amended to read: |
| 621 | 288.095 Economic Development Trust Fund.-- |
| 622 | (3) |
| 623 | (c) By December 31 of each year, Enterprise Florida, Inc., |
| 624 | shall submit a complete and detailed report to the Governor, the |
| 625 | President of the Senate, the Speaker of the House of |
| 626 | Representatives, and the director of the Office of Tourism, |
| 627 | Trade, and Economic Development of all applications received, |
| 628 | recommendations made to the Office of Tourism, Trade, and |
| 629 | Economic Development, final decisions issued, tax refund |
| 630 | agreements executed, and tax refunds paid or other payments made |
| 631 | under all programs funded out of the Economic Development |
| 632 | Incentives Account, including analyses of benefits and costs, |
| 633 | types of projects supported, and employment and investment |
| 634 | created. Enterprise Florida, Inc., shall also include a separate |
| 635 | analysis of the impact of such tax refunds on state enterprise |
| 636 | zones designated pursuant to s. 290.0065, rural communities, |
| 637 | brownfield areas, and distressed urban communities. The report |
| 638 | must discuss whether the authority and moneys appropriated by |
| 639 | the Legislature to the Economic Development Incentives Account |
| 640 | were managed and expended in a prudent, fiducially sound manner. |
| 641 | The Office of Tourism, Trade, and Economic Development shall |
| 642 | assist Enterprise Florida, Inc., in the collection of data |
| 643 | related to business performance and incentive payments. |
| 644 | Section 6. Subsection (7) of section 288.1045, Florida |
| 645 | Statutes, is amended to read: |
| 646 | 288.1045 Qualified defense contractor tax refund |
| 647 | program.-- |
| 648 | (7) EXPIRATION.--An applicant may not be certified as |
| 649 | qualified under this section after June 30, 2009 2004. However, |
| 650 | a tax refund agreement that is in effect on that date shall |
| 651 | continue in effect in accordance with its terms. |
| 652 | Section 7. Subsection (7) of section 288.106, Florida |
| 653 | Statutes, is amended to read: |
| 654 | 288.106 Tax refund program for qualified target industry |
| 655 | businesses.-- |
| 656 | (7) EXPIRATION.--This section expires June 30, 2009 2004. |
| 657 | However, a tax refund agreement in effect on that date shall |
| 658 | continue in effect in accordance with the terms of the |
| 659 | agreement. |
| 660 | Section 8. Subsections (7), (8), and (11) of section |
| 661 | 288.901, Florida Statutes, are amended to read: |
| 662 | 288.901 Enterprise Florida, Inc.; creation; membership; |
| 663 | organization; meetings; disclosure.-- |
| 664 | (7) The Governor shall serve as chairperson of the board |
| 665 | of directors. The board of directors shall biennially elect one |
| 666 | of its appointive members as vice chairperson. The president |
| 667 | shall keep a record of the proceedings of the board of directors |
| 668 | and is the custodian of all books, documents, and papers filed |
| 669 | with the board of directors, the minutes of the board of |
| 670 | directors, and the official seal of Enterprise Florida, Inc. |
| 671 | (8) The board of directors shall meet at least four times |
| 672 | each year, upon the call of the chairperson, at the request of |
| 673 | the vice chairperson, or at the request of a majority of the |
| 674 | membership. A majority of the total number of current, voting |
| 675 | all directors fixed by subsection (3) shall constitute a quorum. |
| 676 | The board of directors may take official action by a majority |
| 677 | vote of the members present at any meeting at which a quorum is |
| 678 | present. |
| 679 | (11) Notwithstanding the provisions of subsection (3), the |
| 680 | board of directors may by resolution appoint at-large members to |
| 681 | the board from the private sector, each of whom may serve a 1- |
| 682 | year term. At-large members shall have the powers and duties of |
| 683 | other members of the board, except that they may not serve on an |
| 684 | executive committee. An at-large member is eligible for |
| 685 | reappointment but may not vote on his or her own reappointment. |
| 686 | An at-large member shall be eligible to fill vacancies occurring |
| 687 | among private-sector appointees under subsection (3). |
| 688 | Section 9. Subsection (1), paragraph (b) of subsection |
| 689 | (4), and subsections (5), (7), and (8) of section 288.90151, |
| 690 | Florida Statutes, are amended to read: |
| 691 | 288.90151 Return on investment from activities of |
| 692 | Enterprise Florida, Inc.-- |
| 693 | (1) The public funds appropriated each year for the |
| 694 | operation of Enterprise Florida, Inc., are invested in this |
| 695 | public-private partnership to enhance international trade and |
| 696 | economic development, to spur job-creating investments, and to |
| 697 | create new employment opportunities for Floridians, and to |
| 698 | prepare Floridians for those jobs. This policy will be the |
| 699 | Legislature's priority consideration when reviewing the return- |
| 700 | on-investment for Enterprise Florida, Inc. |
| 701 | (4) |
| 702 | (b) The board of directors of Enterprise Florida, Inc., |
| 703 | shall adopt for each upcoming fiscal year an operating budget |
| 704 | for the organization that specifies the intended uses of the |
| 705 | state's operating investment and a plan for securing private- |
| 706 | sector support to Enterprise Florida, Inc. Each fiscal year |
| 707 | private-sector support to Enterprise Florida, Inc., shall equal |
| 708 | no less than 100 percent of the state's operating investment, |
| 709 | including at least $1 million in cash as defined in paragraph |
| 710 | (5)(a), and an additional $400,000 in cash as defined in |
| 711 | paragraphs (5)(a), (b), and (c). |
| 712 | (5) Private-sector support in operating Enterprise |
| 713 | Florida, Inc., includes: |
| 714 | (a) Cash given directly to Enterprise Florida, Inc., for |
| 715 | its operations, excluding contributions from grantees or from |
| 716 | companies with Enterprise Florida, Inc., contracts representing |
| 717 | more than 5 percent of the value of all Enterprise Florida, |
| 718 | Inc., contracts, exclusive of grants, or more than 5 percent of |
| 719 | the company's revenues. Cash in this category is not subject to |
| 720 | restrictions on the use of appropriated funds. operating budget; |
| 721 | (b) Cash jointly raised by Enterprise Florida, Inc., and a |
| 722 | local economic development organization, a group of such |
| 723 | organizations, or a statewide business organization that |
| 724 | supports collaborative projects.; |
| 725 | (c) Cash generated by fees charged for products or |
| 726 | services of Enterprise Florida, Inc., and by sponsorship of |
| 727 | events, missions, programs, and publications; and |
| 728 | (d) In-kind contributions directly to Enterprise Florida, |
| 729 | Inc., including: business expenditures; business services |
| 730 | provided; business support; or other business contributions that |
| 731 | augment the operations, program, activities, or assets of |
| 732 | Enterprise Florida, Inc., including, but not limited to: an |
| 733 | individual's time and expertise; sponsored publications; |
| 734 | private-sector staff services; payment for advertising |
| 735 | placements; sponsorship of events; sponsored or joint research; |
| 736 | discounts on leases or purchases; mission or program |
| 737 | sponsorship; and copayments, stock, warrants, royalties, or |
| 738 | other private resources dedicated to Enterprise Florida, Inc. |
| 739 | (7) As part of the annual report required under s. |
| 740 | 288.906, Enterprise Florida, Inc., shall include a study provide |
| 741 | the Legislature with information quantifying the public's |
| 742 | return-on-investment as described in this section for fiscal |
| 743 | year 1997-1998 and each subsequent fiscal year. The annual |
| 744 | report shall also include the results of a customer-satisfaction |
| 745 | survey of businesses served, as well as the lead economic |
| 746 | development staff person of each primary partner organization |
| 747 | local economic development organization that employs a full-time |
| 748 | or part-time staff person. |
| 749 | (8) Enterprise Florida, Inc., in consultation with the |
| 750 | Office of Program Policy Analysis and Government Accountability, |
| 751 | shall hire an economic analysis a private accounting firm to |
| 752 | develop the methodology for establishing and reporting return- |
| 753 | on-investment and in-kind contributions as described in this |
| 754 | section and a firm experienced in survey research to develop, |
| 755 | analyze, and report on the results of the customer-satisfaction |
| 756 | survey. The Office of Program Policy Analysis and Government |
| 757 | Accountability shall review and offer feedback on the |
| 758 | methodology before it is implemented. The private accounting |
| 759 | firm shall certify whether the applicable statements in the |
| 760 | annual report comply with this subsection. |
| 761 | Section 10. Subsection (3) of section 288.903, Florida |
| 762 | Statutes, is amended to read: |
| 763 | 288.903 Board of directors of Enterprise Florida, Inc.; |
| 764 | president; employees.-- |
| 765 | (3) The board of directors of Enterprise Florida, Inc., |
| 766 | and its officers shall be responsible for the prudent use of all |
| 767 | public and private funds and shall ensure that the use of such |
| 768 | funds is in accordance with all applicable laws, bylaws, or |
| 769 | contractual requirements. No employee of Enterprise Florida, |
| 770 | Inc., may receive compensation for employment which exceeds the |
| 771 | salary paid to the Governor, unless the board of directors and |
| 772 | the employee have executed a contract that prescribes specific, |
| 773 | measurable performance outcomes for the employee, the |
| 774 | satisfaction of which provides the basis for the award of |
| 775 | incentive payments that increase the employee's total |
| 776 | compensation to a level above the salary paid to the Governor. |
| 777 | Section 11. Paragraph (b) of subsection (1) of section |
| 778 | 288.904, Florida Statutes, is amended to read: |
| 779 | 288.904 Powers of the board of directors of Enterprise |
| 780 | Florida, Inc.-- |
| 781 | (1) The board of directors of Enterprise Florida, Inc., |
| 782 | shall have the power to: |
| 783 | (b)1. Make and enter into contracts and other instruments |
| 784 | necessary or convenient for the exercise of its powers and |
| 785 | functions, except that any contract made with an organization |
| 786 | represented on the board of directors that exceeds 5 percent of |
| 787 | the total annual amount of contracts of Enterprise Florida, |
| 788 | Inc., exclusive of grants, or 5 percent of the represented |
| 789 | organization's annual revenue must be approved by a two-thirds |
| 790 | vote of the entire board members in attendance at a meeting at |
| 791 | which a quorum is present of directors, and the board member |
| 792 | representing such organization shall abstain from voting. No |
| 793 | more than 65 percent of the dollar value of all contracts or |
| 794 | other agreements entered into in any fiscal year, exclusive of |
| 795 | grant programs, shall be made with an organization represented |
| 796 | on the board of directors. This section does not apply to |
| 797 | contracts awarded by another entity to an organization |
| 798 | represented on the board of directors or to contracts if |
| 799 | Enterprise Florida, Inc., is the recipient of funds from an |
| 800 | organization represented on the board of directors An |
| 801 | organization represented on the board may not enter into a |
| 802 | contract to receive a state-funded economic development |
| 803 | incentive or similar grant, unless such incentive award is |
| 804 | specifically endorsed by a two-thirds vote of the entire board. |
| 805 | The board member representing such organization, if applicable, |
| 806 | shall abstain from voting and refrain from discussing the issue |
| 807 | with other members of the board. No more than 50 percent of the |
| 808 | dollar value of grants issued by the board in any fiscal year |
| 809 | may go to businesses associated with board members. |
| 810 | 2. A contract that Enterprise Florida, Inc., executes with |
| 811 | a person or organization under which such person or organization |
| 812 | agrees to perform economic development services or similar |
| 813 | business assistance services on behalf of Enterprise Florida, |
| 814 | Inc., or on behalf of the state must include provisions |
| 815 | requiring that such person or organization report on |
| 816 | performance, account for proper use of funds provided under the |
| 817 | contract, coordinate with other components of state and local |
| 818 | economic development systems, and avoid duplication of existing |
| 819 | state and local services and activities. |
| 820 | Section 12. Subsection (6) of section 288.905, Florida |
| 821 | Statutes, is amended to read: |
| 822 | 288.905 Duties of the board of directors of Enterprise |
| 823 | Florida, Inc.-- |
| 824 | (6) Any employee leased by Enterprise Florida, Inc., from |
| 825 | the state, or any employee who derives his or her salary from |
| 826 | funds appropriated by the Legislature, may not receive a pay |
| 827 | raise or bonus in excess of a pay raise or bonus that is |
| 828 | received by similarly situated state employees. However, this |
| 829 | subsection does not prohibit the payment of a pay raise or bonus |
| 830 | from funds received from sources other than the Florida |
| 831 | Legislature. |
| 832 | Section 13. Effective July 1, 2004, notwithstanding |
| 833 | section 80 of chapter 2003-399, Laws of Florida, section |
| 834 | 288.9515, Florida Statutes, shall not stand repealed on July 1, |
| 835 | 2004, as scheduled by such law, but said section is reenacted |
| 836 | and amended to read: |
| 837 | 288.9515 Authorized technology development programs.-- |
| 838 | (1) Enterprise Florida, Inc., may create technology |
| 839 | development and applications services, and may serve as an |
| 840 | umbrella organization for the coordination of information that |
| 841 | provides technology applications service providers throughout |
| 842 | the state which provide critical, managerial, technological, |
| 843 | scientific, and related financial and business expertise |
| 844 | essential for international and domestic competitiveness to |
| 845 | small-sized and medium-sized manufacturing and knowledge-based |
| 846 | service firms. Enterprise Florida, Inc., is authorized the |
| 847 | following powers in order to carry out these functions: |
| 848 | (a) Providing communication and coordination services |
| 849 | among technology development and applications service providers |
| 850 | throughout the state. |
| 851 | (b) Providing coordinated marketing services to small- |
| 852 | sized and medium-sized manufacturers in the state on behalf of, |
| 853 | and in partnership with, technology applications service |
| 854 | providers. |
| 855 | (b)(c) Securing additional sources of funds on behalf of, |
| 856 | and in partnership with, technology-based businesses technology |
| 857 | applications service providers. |
| 858 | (c)(d) Developing plans and policies to assist small-sized |
| 859 | and medium-sized manufacturing companies or other knowledge- |
| 860 | based firms in Florida. |
| 861 | (e) Entering into contracts with technology applications |
| 862 | service providers for expanded availability of high-quality |
| 863 | assistance to small-sized and medium-sized manufacturing |
| 864 | companies or knowledge-based service firms, including, but not |
| 865 | limited to, technological, human resources development, market |
| 866 | planning, finance, and interfirm collaboration. Enterprise |
| 867 | Florida, Inc., shall ensure that all contracts in excess of |
| 868 | $20,000 for the delivery of such assistance to Florida firms |
| 869 | shall be based on competitive requests for proposals and shall |
| 870 | establish clear standards for the delivery of services under |
| 871 | such contracts. Such standards include, but are not limited to: |
| 872 | 1. The ability and capacity to deliver services in |
| 873 | sufficient quality and quantity. |
| 874 | 2. The ability and capacity to deliver services in a |
| 875 | timely manner. |
| 876 | 3. The ability and capacity to meet the needs of firms in |
| 877 | the proposed market area. |
| 878 | (d)(f) Assisting other educational institutions, |
| 879 | enterprises, or the entities providing business assistance to |
| 880 | small-sized and medium-sized manufacturing and knowledge-based |
| 881 | services enterprises. |
| 882 | (g) Establishing a system to evaluate the effectiveness |
| 883 | and efficiency of technology applications services provided to |
| 884 | small-sized and medium-sized enterprises. |
| 885 | (e)(h) Establishing special education and informational |
| 886 | programs for Florida enterprises and for educational |
| 887 | institutions and enterprises providing business assistance to |
| 888 | Florida enterprises. |
| 889 | (f)(i) Assisting in evaluating and documenting the needs |
| 890 | of firms in this state for technology development and |
| 891 | application services, and developing means to ensure that these |
| 892 | needs are met, consistent with the powers provided for in this |
| 893 | subsection. |
| 894 | (g)(j) Maintaining an office in such place or places as |
| 895 | the board of directors of Enterprise Florida, Inc., approves. |
| 896 | (h)(k) Making and executing contracts with any person, |
| 897 | enterprise, educational institution, association, or any other |
| 898 | entity necessary or convenient for the performance of its duties |
| 899 | and the exercise of the powers and functions of Enterprise |
| 900 | Florida, Inc., under this subsection. |
| 901 | (i)(l) Receiving funds from any source to carry out the |
| 902 | purposes of providing technology development and applications |
| 903 | services, including, but not limited to, gifts or grants from |
| 904 | any department, agency, or instrumentality of the United States |
| 905 | or of the state, or any enterprise or person, for any purpose |
| 906 | consistent with the provisions of this subsection. |
| 907 | (2) When choosing contractors under this section, |
| 908 | preference shall be given to existing institutions, |
| 909 | organizations, and enterprises so long as these existing |
| 910 | institutions, organizations, and enterprises demonstrate the |
| 911 | ability to perform at standards established by Enterprise |
| 912 | Florida, Inc., under paragraph (1)(e). Neither the provisions of |
| 913 | ss. 288.9511-288.9517 nor the actions taken by Enterprise |
| 914 | Florida, Inc., under this section shall impair or hinder the |
| 915 | operations, performance, or resources of any existing |
| 916 | institution, organization, or enterprise. |
| 917 | (3) Enterprise Florida, Inc., may create a technology |
| 918 | development financing fund, to be called the Florida Technology |
| 919 | Research Investment Fund. The fund shall increase technology |
| 920 | development in this state by investing in technology development |
| 921 | projects that have the potential to generate investment-grade |
| 922 | technologies of importance to the state's economy as evidenced |
| 923 | by the willingness of private businesses to coinvest in such |
| 924 | projects. Enterprise Florida, Inc., may also demonstrate and |
| 925 | develop effective approaches to, and benefits of, commercially |
| 926 | oriented research collaborations between businesses, |
| 927 | universities, and state and federal agencies and organizations. |
| 928 | Enterprise Florida, Inc., shall endeavor to maintain the fund as |
| 929 | a self-supporting fund once the fund is sufficiently capitalized |
| 930 | under program guidelines of Enterprise Florida, Inc. as |
| 931 | reflected in the minimum funding report required in s. 288.9516. |
| 932 | The technology research investment projects may include, but are |
| 933 | not limited to: |
| 934 | (a) Technology development projects expected to lead to a |
| 935 | specific investment-grade technology that is of importance to |
| 936 | industry in this state. |
| 937 | (b) Technology development centers and facilities expected |
| 938 | to generate a stream of products and processes with commercial |
| 939 | application of importance to industry in this state. |
| 940 | (c) Technology development projects that have, or are |
| 941 | currently using, other federal or state funds such as federal |
| 942 | Small Business Innovation Research awards. |
| 943 | (4) Enterprise Florida, Inc., shall invest moneys |
| 944 | contained in the Florida Technology Research Investment Fund in |
| 945 | technology application research or for technology development |
| 946 | projects that have the potential for commercial market |
| 947 | application. The partnership shall coordinate any investment in |
| 948 | any space-related technology projects with the Florida Space |
| 949 | Authority and the Technological Research and Development |
| 950 | Authority. |
| 951 | (a) The investment of moneys contained in the Florida |
| 952 | Technology Research Investment Fund is limited to qualified |
| 953 | investments in qualified securities in which a private |
| 954 | enterprise in this state coinvests at least 40 percent of the |
| 955 | total project costs, in conjunction with other cash or noncash |
| 956 | investments from state educational institutions, state and |
| 957 | federal agencies, or other institutions. |
| 958 | (b) All moneys in the Florida Technology Research |
| 959 | Investment Fund shall be continuously appropriated to the fund |
| 960 | and may be used for loan guarantees, letter of credit |
| 961 | guarantees, cash reserves for loan and letter of credit |
| 962 | guarantees, payments of claims pursuant to contracts for |
| 963 | guarantees, subordinated loans, loans with warrants, royalty |
| 964 | investments, equity investments, and For the purposes of this |
| 965 | fund, qualified securities include loans, loans convertible to |
| 966 | equity, equity, loans with warrants attached that are |
| 967 | beneficially owned by the board, royalty agreements, or any |
| 968 | other contractual arrangements through which the Florida |
| 969 | Technology Research Investment Fund receives an interest, right, |
| 970 | return of funds, or other consideration and may be used for |
| 971 | operations of the fund. All such uses of moneys in the fund are |
| 972 | qualified investments. Any claim against the fund or Enterprise |
| 973 | Florida, Inc., relating to investment of moneys in the fund |
| 974 | shall be paid solely from the fund. Neither the credit nor the |
| 975 | taxing power of the state shall be pledged to secure the fund or |
| 976 | moneys in the fund, other than from moneys appropriated or |
| 977 | assigned to the fund, and the state shall not be liable or |
| 978 | obligated in any way for any claims against the fund or against |
| 979 | Enterprise Florida, Inc. arrangement in which the board is |
| 980 | providing scientific and technological services to any federal, |
| 981 | state, county, or municipal agency, or to any individual, |
| 982 | corporation, enterprise, association, or any other entity |
| 983 | involving technology development. |
| 984 | (c) Not more than $175,000 or 5 percent of the revenues |
| 985 | generated by investment of moneys contained in the Florida |
| 986 | Technology Research Investment Fund plus 5 percent of the |
| 987 | revenues generated by investments under the Florida Small |
| 988 | Business Technology Growth Program under s. 288.95155, whichever |
| 989 | is greater, may be used on an annual basis to pay the combined |
| 990 | operating expenses associated with operation of the Florida |
| 991 | Technology Research Investment Fund and the Florida Small |
| 992 | Business Technology Growth Program. |
| 993 | (d) In the event of liquidation or dissolution of |
| 994 | Enterprise Florida, Inc., or the Florida Technology Research |
| 995 | Investment Fund, any rights or interests in a qualified security |
| 996 | or portion of a qualified security purchased with moneys |
| 997 | invested by the State of Florida shall vest in the state, under |
| 998 | the control of the State Board of Administration. The state is |
| 999 | entitled to, in proportion to the amount of investment in the |
| 1000 | fund by the state, any balance of funds remaining in the Florida |
| 1001 | Technology Research Investment Fund after payment of all debts |
| 1002 | and obligations upon liquidation or dissolution of Enterprise |
| 1003 | Florida, Inc., or the fund. |
| 1004 | (e) The investment of funds contained in the Florida |
| 1005 | Technology Research Investment Fund does not constitute a debt, |
| 1006 | liability, or obligation of the State of Florida or of any |
| 1007 | political subdivision thereof, or a pledge of the faith and |
| 1008 | credit of the state or of any such political subdivision. |
| 1009 | (5) Enterprise Florida, Inc., may create technology |
| 1010 | commercialization programs in partnership with private |
| 1011 | enterprises, educational institutions, and other institutions to |
| 1012 | increase the rate at which technologies with potential |
| 1013 | commercial application are moved from university, public, and |
| 1014 | industry laboratories into the marketplace. Such programs shall |
| 1015 | be created based upon research to be conducted by Enterprise |
| 1016 | Florida, Inc. |
| 1017 | (6) Enterprise Florida, Inc., shall coordinate with local |
| 1018 | and regional economic development organizations to facilitate a |
| 1019 | statewide entrepreneurship strategy to stimulate the growth of |
| 1020 | startup businesses and technology innovations in this state. |
| 1021 | This strategy must include, but need not be limited to, |
| 1022 | technology transfer coordination, university linkages, |
| 1023 | entrepreneurial networks and training, and startup capital |
| 1024 | access, including the formation and growth of individual and |
| 1025 | business networks that may be willing to invest in startup |
| 1026 | businesses in this state. |
| 1027 | Section 14. Subsection (2) of section 288.99, Florida |
| 1028 | Statutes, is amended to read: |
| 1029 | 288.99 Certified Capital Company Act.-- |
| 1030 | (2) PURPOSE.--The primary purpose of this act is to |
| 1031 | stimulate a substantial increase in venture capital investments |
| 1032 | in this state by providing an incentive for insurance companies |
| 1033 | to invest in certified capital companies in this state which, in |
| 1034 | turn, will make investments in new businesses or in expanding |
| 1035 | businesses, including minority-owned or minority-operated |
| 1036 | businesses and businesses located in a designated Front Porch |
| 1037 | community, enterprise zone, designated urban job tax credit |
| 1038 | high-crime area, rural job tax credit county, or nationally |
| 1039 | recognized historic district. The increase in investment capital |
| 1040 | flowing into new or expanding businesses is intended to |
| 1041 | contribute to employment growth, create jobs which exceed the |
| 1042 | average wage for the county in which the jobs are created, and |
| 1043 | expand or diversify the economic base of this state. |
| 1044 | Section 15. Subsections (3) and (4) of section 288.041, |
| 1045 | Florida Statutes, are repealed: |
| 1046 | 288.041 Solar energy industry; legislative findings and |
| 1047 | policy; promotional activities.-- |
| 1048 | (3) Enterprise Florida, Inc., and its boards shall assist |
| 1049 | in the expansion of the solar energy industry in this state. |
| 1050 | Such efforts shall be undertaken in cooperation with the |
| 1051 | Department of Community Affairs, the Florida Solar Energy |
| 1052 | Center, and the Florida Solar Energy Industries Association, and |
| 1053 | shall include: |
| 1054 | (a) Providing assistance and support to new and existing |
| 1055 | photovoltaic companies, with special emphasis on attracting one |
| 1056 | or more manufacturers of photovoltaic products to locate within |
| 1057 | this state. |
| 1058 | (b) Sponsoring initiatives which aid and take full |
| 1059 | advantage of the export market potential of solar technologies. |
| 1060 | (c) Informing the business sector of this state about |
| 1061 | opportunities for cost-effective commercial applications of |
| 1062 | solar technologies. |
| 1063 | (d) Encouraging employment of residents of this state by |
| 1064 | solar energy companies. |
| 1065 | (e) Retaining existing solar energy companies and |
| 1066 | supporting their expansion efforts in this state. |
| 1067 | (f) Supporting the promotion of solar energy by sponsoring |
| 1068 | workshops, seminars, conferences, and educational programs on |
| 1069 | the benefits of solar energy. |
| 1070 | (g) Recognizing outstanding developments and achievements |
| 1071 | in, and contributions to, the solar energy industry. |
| 1072 | (h) Collecting and disseminating solar energy information |
| 1073 | relevant to the promotion of solar energy applications. |
| 1074 | (i) Enlisting the support of persons, civic groups, the |
| 1075 | solar energy industry, and other organizations to promote and |
| 1076 | improve solar energy products and services. |
| 1077 | (4) The department shall also promote projects that |
| 1078 | demonstrate viable applications of solar technology which may |
| 1079 | include, but shall not be limited to: irrigation and stock |
| 1080 | watering, process heat for dairy and citrus operations, |
| 1081 | aquaculture, hydroponics, horticulture, waste detoxification, |
| 1082 | and other means of meeting the energy needs of the agricultural |
| 1083 | industry. |
| 1084 | Section 16. Subsection (3) of section 288.9015, Florida |
| 1085 | Statutes, is repealed: |
| 1086 | 288.9015 Enterprise Florida, Inc.; purpose; duties.-- |
| 1087 | (3) It shall be the responsibility of Enterprise Florida, |
| 1088 | Inc., through the Workforce Development Board, to develop a |
| 1089 | comprehensive approach to workforce development that will result |
| 1090 | in better employment opportunities for the residents of this |
| 1091 | state. Such comprehensive approach must include: |
| 1092 | (a) Creating and maintaining a highly skilled workforce |
| 1093 | that is capable of responding to rapidly changing technology and |
| 1094 | diversified market opportunities. |
| 1095 | (b) Training, educating, and assisting target populations, |
| 1096 | such as those who are economically disadvantaged or who |
| 1097 | participate in the WAGES Program or otherwise receive public |
| 1098 | assistance to become independent, self-reliant, and self- |
| 1099 | sufficient. This approach must ensure the effective use of |
| 1100 | federal, state, local, and private resources in reducing the |
| 1101 | need for public assistance. |
| 1102 | Section 17. Section 288.8155, Florida Statutes, is |
| 1103 | repealed. |
| 1104 | Section 18. Effective July 1, 2004, section 288.9517, |
| 1105 | Florida Statutes, and section 14 of chapter 93-187, Laws of |
| 1106 | Florida, are repealed. |
| 1107 | Section 19. Except as otherwise provided herein, this act |
| 1108 | shall take effect upon becoming a law. |