The Florida Senate

570.247  Promulgation of rules.--In conjunction with funds specifically appropriated for the purposes specified in this act, the department shall begin to promulgate rules no later than January 1, 1992, pursuant to s. 120.54, pertaining to:

(1)  Formal notification procedures for the availability of assistance, including publication in the Florida Administrative Weekly pursuant to s. 120.55

(2)  Written evaluation criteria for selecting project proposals to receive assistance. The criteria for eligibility of assistance shall include a written business plan delineating the economic viability of the proposed project, including the financial commitment by project participants and a schedule for repayment of agricultural economic development funds.

(3)  Procedures for repayment of financial assistance by an assisted agribusiness into the General Inspection Trust Fund within the department. Repayment of financial assistance shall be based upon a percentage of future profits until repayment is complete.

(4)  Funding procedures for projects eligible for assistance. These procedures shall include the amount of funding, the limits and requirements for the objects of expenditure, and the duration of assistance.

(5)  Other subject matter pertaining to the implementation of this act.

History.--ss. 7, 10, ch. 91-268; s. 4, ch. 91-429.