Florida Senate - 2021 SB 678 By Senator Bracy 11-00519-21 2021678__ 1 A bill to be entitled 2 An act relating to the 1920 Ocoee Election Day Riots; 3 amending s. 288.7102, F.S.; requiring the Department 4 of Economic Opportunity to prioritize certain 5 applications for the Black Business Loan Program; 6 creating s. 1009.551, F.S.; creating the Ocoee 7 Scholarship Program for specified recipients; 8 directing the Department of Education to administer 9 the program; specifying annual award amounts to 10 recipients participating in the program; requiring the 11 department to rank applicants; providing for 12 transmittal of an award payment to a participating 13 institution; prescribing eligibility criteria for 14 award recipients; authorizing the State Board of 15 Education to adopt certain rules; providing for 16 program funding; providing an effective date. 17 18 Be It Enacted by the Legislature of the State of Florida: 19 20 Section 1. Subsection (2) of section 288.7102, Florida 21 Statutes, is amended to read: 22 288.7102 Black Business Loan Program.— 23 (2) The department shall establish an application and 24 annual certification process for entities seeking funds to 25 participate in providing loans, loan guarantees, or investments 26 in black business enterprises pursuant to the Florida Black 27 Business Investment Act. The department shall process all 28 applications and recertifications submitted by June 1 on or 29 before July 31. The department shall prioritize any applications 30 for black business enterprises in areas directly impacted by the 31 1920 Ocoee Election Day Riots. 32 Section 2. Section 1009.551, Florida Statutes, is created 33 to read: 34 1009.551 Ocoee Scholarship Program.— 35 (1) The Ocoee Scholarship Program is created for the direct 36 descendants of victims of the Ocoee Election Day Riots in 37 November 1920 and for current African-American residents of 38 Ocoee. 39 (2) The Ocoee Scholarship Program shall be administered by 40 the department. 41 (3) The annual award to a student under the program may be 42 an amount of up to $6,100, but may not exceed the annual amount 43 of the student’s tuition and registration fees. The department 44 may award up to 50 scholarships per academic year. If funds are 45 insufficient to provide a full scholarship to each eligible 46 applicant, the department may prorate available funds and make a 47 partial award to each eligible applicant. 48 (4) The department shall rank eligible initial applicants 49 for the purposes of awarding scholarships based on need, as 50 determined by the department. 51 (5) Payment of an award shall be transmitted in advance of 52 the registration period each semester on behalf of the student 53 to the president of the state university or Florida College 54 System institution, or his or her representative, or to the 55 director of the career center that the recipient is attending. 56 (6) Beginning with the 2021-2022 academic year, the 57 department is authorized to make awards for undergraduate study 58 to students who: 59 (a) Meet the general requirements for student eligibility 60 as provided in s. 1009.40, except as otherwise provided in this 61 section. 62 (b) File an application for the scholarship within the 63 established time limits. 64 (c) Enroll as certificate-seeking or degree-seeking 65 students at a state university, Florida College System 66 institution, or career center authorized by law. 67 (7) The State Board of Education may adopt any rules 68 necessary to implement and administer this section. 69 (8) Funding for the program shall be as provided in the 70 General Appropriations Act. 71 Section 3. This act shall take effect July 1, 2021.