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SB 848: Rural Communities

GENERAL BILL by Montford ; (CO-INTRODUCERS) Perry ; Baxley

Rural Communities; Designating the “Florida Rural Jobs and Business Recovery Act”; requiring the Department of Economic Opportunity to accept applications for approval as growth funds in a specified manner; prohibiting the department from approving more than a certain amount of investment authority or investor contributions; providing requirements for certified growth funds; granting a credit against state premium tax liability for specified investors; prohibiting growth funds that have exited the program from making certain distributions or paying certain fees under certain circumstances, etc.

Effective Date: 7/1/2020
Last Action: 3/14/2020 Senate - Died in Finance and Tax
Bill Text: Web Page | PDF
Senate Committee References:
  1. Commerce and Tourism (CM)
  2. Finance and Tax (FT)
  3. Appropriations (AP)

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  • Bill History

    Date Chamber Action
    11/8/2019 Senate • Filed
    11/21/2019 Senate • Referred to Commerce and Tourism; Finance and Tax; Appropriations -SJ 64
    1/9/2020 Senate • On Committee agenda-- Commerce and Tourism, 01/14/20, 2:30 pm, 110 Senate Building
    1/14/2020 Senate • Introduced -SJ 64
    • Favorable by Commerce and Tourism; YEAS 5 NAYS 0 -SJ 154
    • Now in Finance and Tax
    3/14/2020 Senate • Indefinitely postponed and withdrawn from consideration
    • Died in Finance and Tax

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  • SB 848, Original Filed Version (Current Bill Version) Posted 11/8/2019 at 4:30 PM

    Bill Text:   Web Page | PDF
    Analyses:   Commerce and Tourism (Pre-Meeting) 1/13/2020 (pdf)
    Commerce and Tourism (Post-Meeting) 1/14/2020 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 891 Rural Communities Shoaf Similar Last Action: 3/14/2020 H Died in Workforce Development and Tourism Subcommittee Track This Bill

    Committee Votes (1)

    Date Committee Result
    1/14/2020 2:30 PM Commerce and Tourism 5 Yeas - 0 Nays

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    288.062 Page 3 (pdf)

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