| 1 | A bill to be entitled |
| 2 | An act relating to the Legislative Auditing Committee; |
| 3 | requiring the committee to direct the Auditor General or |
| 4 | the Office of Program Policy Analysis and Government |
| 5 | Accountability to conduct a study of certain economic |
| 6 | development projects; specifying study criteria; requiring |
| 7 | a report to the Legislature by a time certain; providing |
| 8 | an effective date. |
| 9 |
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| 10 | Be It Enacted by the Legislature of the State of Florida: |
| 11 |
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| 12 | Section 1. (1) The Legislative Auditing Committee shall |
| 13 | direct the Auditor General or the Office of Program Policy |
| 14 | Analysis and Government Accountability to conduct a study of the |
| 15 | application and approval process for any economic development |
| 16 | project funded through the Quick Action Closing Fund under s. |
| 17 | 288.1088, Florida Statutes, that involves establishing and |
| 18 | operating a digital production studio to create digital imagery |
| 19 | for animated feature films, live actions films, and television |
| 20 | commercials and create video games. At a minimum, the study |
| 21 | shall determine whether: |
| 22 | (a) All questions that were asked in the application to |
| 23 | the Office of Tourism, Trade, and Economic Development or |
| 24 | Enterprise Florida, Inc., were answered truthfully and |
| 25 | completely. |
| 26 | (b) All financial information required by law to be |
| 27 | provided by the applicant was in fact provided and truthful. |
| 28 | (c) There was sufficient creditable information provided |
| 29 | by the applicant to enable the Office of Tourism, Trade, and |
| 30 | Economic Development or Enterprise Florida, Inc., to |
| 31 | realistically conclude that projected job creation goals could |
| 32 | be met by the project and whether the operating management of |
| 33 | the applicant had exhibited a history of similar jobs creation |
| 34 | in the past. |
| 35 | (d) The business background of the operating management of |
| 36 | the applicant was provided in a complete and truthful manner. |
| 37 | (e) The applicant demonstrated a sufficiently strong |
| 38 | balance sheet to ensure its continuation as a going concern. |
| 39 | (f) The applicant was involved in any wrongful termination |
| 40 | lawsuit and, if any, whether the lawsuit was properly examined |
| 41 | and considered in judging the credibility of the applicant. |
| 42 | (2) The study shall be completed, and a report of the |
| 43 | results of the study shall be presented to the President of the |
| 44 | Senate and the Speaker of the House of Representatives, not |
| 45 | later than the start of the 2010 Regular Session of the |
| 46 | Legislature. |
| 47 | Section 2. This act shall take effect upon becoming a law. |