CS/CS/HB 959 — State and Local Government Relations with Cuba or Syria
by State Affairs Committee; Government Operations Subcommittee; and Rep. Bileca and others (CS/SB 1144 by Governmental Oversight and Accountability Committee and Senator Garcia)
This summary is provided for information only and does not represent the opinion of any Senator, Senate Officer, or Senate Office.
Prepared by: Governmental Oversight and Accountability Committee (GO)
The bill prohibits the State Board of Administration (SBA) from serving as a fiduciary with respect to voting on a proxy resolution that advocates for expanded United States trade with Cuba or Syria, and prohibits the SBA from voting in favor of a proxy resolution that would expand United States trade with Cuba or Syria.
The bill also prohibits a company with business operations in Cuba or Syria from bidding on or entering into a contract with an agency or local governmental entity for goods or services of $1 million or more. Agencies and local governments must include in contracts a provision allowing for termination of a contract, if a company has been engaged in business operations in Cuba or Syria, or is found to have submitted a false certification about those business operations.
If approved by the Governor, these provisions take effect July 1, 2012.
Vote: Senate 39-1; House 115-0