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CS/HB 705: Targeted Economic Development

GENERAL BILL by Economic Development and Tourism Subcommittee ; Workman

Targeted Economic Development; Expands purpose of Institute for Commercialization of Public Research to include commercialization of products developed by innovation business; authorizes institute to create corporate subsidiaries; provides conditions in which institute may develop or accrue certain interests in companies or products; specifies conditions under which institute may deliver & charge for services; expands institute's reporting requirements to include information on assistance given to innovation business; requires that institute create Florida Technology Seed Capital Fund; requires professional managers to manage fund; provides for investor advisory board to advise & guide managers & to make funding recommendations; provides for certain administrative costs of fund; requires institute to administer fund & provide criteria for its administration; provides for annual evaluation of activities & results of funding.

Effective Date: 7/1/2013
Last Action: 6/6/2013 - Chapter No. 2013-120
Location: Became Law
Bill Text: PDF



Bill History

Date Chamber Action
2/11/2013 House • Filed
2/20/2013 House • Referred to Economic Development and Tourism Subcommittee; Transportation and Economic Development Appropriations Subcommittee; Economic Affairs Committee -HJ 76
3/5/2013 House • Introduced -HJ 75
3/11/2013 House • On Committee agenda-- Economic Development and Tourism Subcommittee, 03/13/13, 9:00 am, 12 HOB
3/13/2013 House • CS by Economic Development and Tourism Subcommittee; YEAS 11 NAYS 0
3/19/2013 House • Pending review of CS under Rule 7.19(c)
• CS by Economic Development and Tourism Subcommittee read 1st time -HJ 279
3/20/2013 House • Original reference(s) removed: Transportation and Economic Development Appropriations Subcommittee
• CS referred to Economic Affairs Committee -HJ 284
• Now in Economic Affairs Committee -HJ 284
3/26/2013 House • On Committee agenda-- Economic Affairs Committee, 03/28/13, 10:30 am, Reed Hall
3/28/2013 House • Favorable by- Economic Affairs Committee; YEAS 15 NAYS 0 -HJ 372
• Placed on Calendar -HJ 372
4/15/2013 House • Placed on Special Order Calendar, 04/17/13
4/17/2013 House • Read 2nd time -HJ 658
• Read 3rd time -HJ 658
• CS passed; YEAS 116 NAYS 0 -HJ 659
4/18/2013 Senate • In Messages
• Referred to Commerce and Tourism; Governmental Oversight and Accountability; Appropriations -SJ 504
4/23/2013 Senate • Received -SJ 504
4/25/2013 Senate • Withdrawn from Commerce and Tourism; Governmental Oversight and Accountability; Appropriations -SJ 616
• Placed on Calendar, on 2nd reading -SJ 616
• Substituted for CS/SB 546 -SJ 616
• Read 2nd time -SJ 617
• Placed on 3rd reading
4/26/2013 Senate • Read 3rd time -SJ 699
• CS passed; YEAS 37 NAYS 1 -SJ 699
4/29/2013 House • Ordered enrolled -HJ 967
5/28/2013 • Signed by Officers and presented to Governor
6/5/2013 • Approved by Governor
6/6/2013 • Chapter No. 2013-120