CODING: Words stricken are deletions; words underlined are additions.
SENATE AMENDMENT
Bill No. CS for SB 2540
Amendment No. 3
CHAMBER ACTION
Senate House
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11 The Committee on Fiscal Policy recommended the following
12 amendment:
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14 Senate Amendment (with title amendment)
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18 Section 16. Florida Commercial Space Development
19 Incentive Program.--
20 (1)(a) The Legislature finds that attracting,
21 retaining, and providing favorable conditions for the growth
22 of commercial space facilities provides widespread economic
23 benefits to the public through high-quality employment
24 opportunities in such facilities and in related facilities
25 attracted to the state, through the increased tax base
26 provided by such facilities and businesses in related sectors,
27 through an enhanced entrepreneurial climate in the state and
28 the resulting business and employment opportunities, and
29 through the stimulation and enhancement of the state's
30 universities and community colleges. In the global economy,
31 there exists serious and fierce international competition for
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SENATE AMENDMENT
Bill No. CS for SB 2540
Amendment No. 3
1 commercial space facilities, and in most instances, when all
2 available resources for economic development have been used,
3 the state continues to encounter severe competitive
4 disadvantages in vying for these high-impact business
5 facilities.
6 (b) The Legislature therefore declares that sufficient
7 resources shall be available to respond to such extraordinary
8 economic opportunities and to compete effectively for these
9 commercial space facilities and related businesses, including
10 but not limited to facilities and businesses related to a
11 reusable launch vehicle or similar space-transportation
12 system.
13 (2) There is created within the Office of Tourism,
14 Trade, and Economic Development the Florida Commercial Space
15 Development Incentive Program.
16 (3)(a) Enterprise Florida, Inc., shall evaluate
17 individual proposals for commercial space business facilities
18 and forward recommendations regarding the use of moneys under
19 the program for such facilities to the director of the Office
20 of Tourism, Trade, and Economic Development. Such evaluation
21 and recommendation must include, but need not be limited to:
22 1. A description of the type of facility, its business
23 operation, and the product or service associated with the
24 facility.
25 2. The number of full-time-equivalent jobs that will
26 be created by the facility and the total estimated average
27 annual wages of those jobs.
28 3. The cumulative amount of investment to be dedicated
29 to the facility within a specified period.
30 4. A statement of any special impacts the facility is
31 expected to stimulate in a particular business sector in the
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SENATE AMENDMENT
Bill No. CS for SB 2540
Amendment No. 3
1 state or regional economy or in the state's universities and
2 community colleges.
3 5. A statement of environmental or regulatory issues
4 involved with the project.
5 6. A statement in which Enterprise Florida, Inc., must
6 indicate that in its best judgment the commercial space
7 business facility project will not occur at the proposed site
8 in Florida without the use of the incentive program.
9 7. A statement on the manner in which program funds
10 will be used under the project.
11 (b) The business must have provided a performance bond
12 that guarantees the creation of jobs for at least 10 years.
13 (c) The high-impact business facility must create at
14 least 1,000 jobs, or create at least 300 jobs in a rural
15 community or a distressed urban-core community. The jobs to be
16 created must pay a wage that exceeds the average wage in the
17 affected community by 20 percent, and the employer must
18 provide a health-benefit package for employees.
19 (3) Upon receipt of the evaluation and recommendation
20 from Enterprise Florida, Inc., the director shall recommend
21 approval or disapproval of a project for receipt of funds
22 under the Florida Commercial Space Development Incentive
23 Program to the Governor. In recommending a commercial space
24 business facility, the director shall include proposed
25 performance conditions that the facility must meet to obtain
26 incentive funds. The Governor shall consult with the President
27 of the Senate and the Speaker of the House of Representatives
28 before giving approval for a project.
29 (4) Upon approving a project, the Governor, through
30 the director of the Office of Tourism, Trade, and Economic
31 Development, shall initiate a budget amendment under chapter
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SENATE AMENDMENT
Bill No. CS for SB 2540
Amendment No. 3
1 216, Florida Statutes, requesting a specific amount for an
2 approved project to be paid from the State Transportation
3 Trust Fund. Any funds approved under such process for payment
4 from the State Transportation Trust Fund must be reimbursed by
5 the Legislature during the succeeding fiscal year.
6 (5)(a) Upon the approval of the budget amendment, the
7 director of the Office of Tourism, Trade, and Economic
8 Development and the commercial space business shall enter into
9 a contract that sets forth the conditions for payment of
10 moneys under this program. The contract must include the total
11 amount of funds awarded; the performance conditions that must
12 be met to obtain the award, including, but not limited to, net
13 new employment in the state, average salary, and total capital
14 investment; the methodology for validating performance; the
15 schedule of payments under the program; the manner in which
16 funds will be utilized; and sanctions for failure to meet
17 performance conditions.
18 (b) Enterprise Florida, Inc., shall validate
19 contractor performance. Such validation shall be reported
20 within 6 months after completion of the contract to the
21 Governor, the President of the Senate, and the Speaker of the
22 House of Representatives.
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26 And the title is amended as follows:
27 On page 4, line 3, after the semicolon
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29 insert:
30 providing legislative findings and declarations
31 with respect to the global competition that is
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SENATE AMENDMENT
Bill No. CS for SB 2540
Amendment No. 3
1 encountered by the state in attracting
2 commercial space business facilities; creating
3 the Florida Commercial Space Development
4 Incentive Program within the Office of Tourism,
5 Trade, and Economic Development; requiring
6 Enterprise Florida, Inc., to evaluate and
7 recommend high-impact commercial space
8 facilities eligible for a payment of moneys;
9 providing eligibility criteria; requiring that
10 such payments be approved by the Governor,
11 following consultation with the President of
12 the Senate and the Speaker of the House of
13 Representatives; requiring initiation of a
14 budget amendment to obtain funds from the State
15 Transportation Trust Fund; requiring
16 reimbursement to the trust fund; providing
17 certain requirements for the contract awarding
18 moneys; requiring Enterprise Florida, Inc., to
19 validate contractor performance; providing for
20 a report to the Governor, the President of the
21 Senate, and the Speaker of the House of
22 Representatives;
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