| 1 | Representative Allen offered the following: |
| 2 |
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| 3 | Amendment (with title amendment) |
| 4 | Remove everything after the enacting clause and insert: |
| 5 | Section 1. Commission on the Future of Space in Florida.-- |
| 6 | (1) The Commission on the Future of Space in Florida is |
| 7 | created. The commission shall be composed of 15 voting members, |
| 8 | 9 of whom are appointed by the Governor, 3 of whom are appointed |
| 9 | by the President of the Senate, and 3 of whom are appointed by |
| 10 | the Speaker of the House of Representatives. In consultation |
| 11 | with the Florida Congressional Delegation, the Governor shall |
| 12 | appoint two members of the delegation or their designees to |
| 13 | serve as ex officio, nonvoting members of the commission. In |
| 14 | addition, the Lieutenant Governor, Secretary of Transportation, |
| 15 | executive director of the Florida Space Authority, and director |
| 16 | of the Agency for Workforce Innovation or their designees shall |
| 17 | serve as ex officio, nonvoting members of the commission. The |
| 18 | Governor's appointments must include one appointment from each |
| 19 | of the following groups: |
| 20 | (a) Aerospace manufacturing. |
| 21 | (b) Aerospace operations and maintenance. |
| 22 | (c) Aerospace finance. |
| 23 | (d) Aerospace research. |
| 24 | (e) Aerospace defense. |
| 25 | (f) Commercial aerospace services. |
| 26 | (g) An aerospace business with fewer than 250 employees. |
| 27 | (h) Enterprise Florida, Inc. |
| 28 | (i) An active member from a chapter of Students for the |
| 29 | Exploration and Development of Space (SEDS) based at a Florida |
| 30 | university. |
| 31 |
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| 32 | The President of the Senate and the Speaker of the House of |
| 33 | Representatives shall each select one appointee from three of |
| 34 | the groups listed in paragraphs (a)-(i) and, in addition, shall |
| 35 | each appoint one member from their respective chambers of the |
| 36 | Legislature to serve as ex officio, nonvoting members. |
| 37 | Appointments under this subsection shall be made before July 31, |
| 38 | 2005, and the first meeting shall be held no later than |
| 39 | September 1, 2005. The chair of the commission shall be elected |
| 40 | from among the voting members by majority vote of the membership |
| 41 | at its first meeting. Meetings shall be held upon the call of |
| 42 | the chair but not less frequently than monthly. Any vacancy |
| 43 | occurring in the membership of the commission shall be filled in |
| 44 | the same manner as the original appointment. |
| 45 | (2) Each voting member of the commission is entitled to |
| 46 | one vote, and action of the commission requires a majority vote |
| 47 | of the voting members present. Action may not be taken if less |
| 48 | than a majority of all voting members is present. |
| 49 | (3) The commission may appoint an executive director who |
| 50 | shall report to the commission and serve at its pleasure. The |
| 51 | Office of Tourism, Trade, and Economic Development shall provide |
| 52 | the commission and the executive director with staff assistance. |
| 53 | The Office of Tourism, Trade, and Economic Development may, upon |
| 54 | the request of the commission, pay compensation to consultants |
| 55 | if such costs can be funded from the appropriation provided for |
| 56 | in this act. |
| 57 | (4) The commission shall: |
| 58 | (a) Identify the current and future opportunities in |
| 59 | aerospace operations, aerospace transport, aerospace education, |
| 60 | aerospace tourism, and other aerospace areas and make |
| 61 | recommendations for how the state can capitalize on such |
| 62 | opportunities. |
| 63 | (b) Review current federal, state, and local laws, |
| 64 | ordinances, and rules that affect the aerospace industry in the |
| 65 | state and recommend actions that will promote growth and |
| 66 | diversification of the industry. |
| 67 | (c) Examine the state's space-related policies and |
| 68 | programs and recommend needed changes, including the possible |
| 69 | restructuring of state space-related entities. |
| 70 | (d) Examine the ways in which aerospace industries, |
| 71 | including the component elements of manufacturing, assembly, |
| 72 | marketing, servicing, maintenance, logistical support, human |
| 73 | resources, and related research and development, can be |
| 74 | attracted to locate permanently or expand in the state and |
| 75 | recommend actions that can be taken by the state and local |
| 76 | governments to accomplish this goal, including, but not limited |
| 77 | to, possible financing alternatives. |
| 78 | (e) Review existing studies to evaluate aerospace in the |
| 79 | state, identify underserved resources, and recommend actions |
| 80 | that can be taken to improve the competitiveness, availability, |
| 81 | efficiency, and economy of the aerospace industry of the state. |
| 82 | (f) Identify federal aid available to improve the state's |
| 83 | aerospace infrastructure and services and recommend strategies |
| 84 | to obtain such aid. |
| 85 | (g) Determine whether the state's secondary and |
| 86 | postsecondary schools are producing graduates who meet the |
| 87 | workforce needs of the state's aerospace industry and recommend |
| 88 | strategies to improve meeting those needs. |
| 89 | (5) The commission may appoint technical advisory |
| 90 | committees. Commission members and the members of any technical |
| 91 | advisory committees may not receive remuneration for their |
| 92 | services, but members other than public officers and employees |
| 93 | are entitled to be reimbursed by the Office of Tourism, Trade, |
| 94 | and Economic Development for travel and per diem expenses in |
| 95 | accordance with section 112.061, Florida Statutes. Public |
| 96 | officers and employees shall be reimbursed for travel and per |
| 97 | diem expenses by their respective agencies in accordance with |
| 98 | section 112.061, Florida Statutes. |
| 99 | (6) The commission must hold at least five public hearings |
| 100 | in different regions of the state to solicit input from the |
| 101 | public on the future of space in the state. |
| 102 | (7) All agencies under the control of the Governor are |
| 103 | directed and all other agencies are requested to render |
| 104 | assistance and cooperation to the commission. |
| 105 | (8) The commission shall prepare a preliminary report of |
| 106 | its findings and recommendations by January 16, 2006, and a |
| 107 | final report with specific recommendations by January 30, 2006. |
| 108 | The Office of Tourism, Trade, and Economic Development shall |
| 109 | prepare legislative recommendations consistent with the |
| 110 | commission's reports for consideration by the Legislature at the |
| 111 | 2006 Regular Session. Copies of the reports shall be submitted |
| 112 | to the Governor, the President of the Senate, and the Speaker of |
| 113 | the House of Representatives. |
| 114 | (9) The commission is abolished, and this section expires, |
| 115 | on May 31, 2006. |
| 116 | Section 2. The sum of $300,000 is appropriated from the |
| 117 | State Transportation Trust Fund to the Department of |
| 118 | Transportation for transfer into the Economic Development Trust |
| 119 | Fund in the Executive Office of the Governor, Office of Tourism, |
| 120 | Trade, and Economic Development for Fiscal Year 2005-2006. The |
| 121 | sum of $100,000 is appropriated from the Economic Development |
| 122 | Trust Fund to the Executive Office of the Governor, Office of |
| 123 | Tourism, Trade, and Economic Development for Fiscal Year 2005- |
| 124 | 2006 for the purpose of implementing this act. The sum of |
| 125 | $200,000 is appropriated from the Economic Development Trust |
| 126 | Fund to the Executive Office of the Governor, Office of Tourism, |
| 127 | Trade, and Economic Development for the Florida Aerospace |
| 128 | Finance Corporation operating costs. |
| 129 | Section 3. Section 68.066, Florida Statutes, is created to |
| 130 | read: |
| 131 | 68.066 Actions based upon use of a creation that is not |
| 132 | protected under federal copyright law.-- |
| 133 | (1) Except as provided in subsection (2), no use of an |
| 134 | idea, procedure, process, system, method of operation, concept, |
| 135 | principle, discovery, thought, or other creation that is not a |
| 136 | work of authorship protected under federal copyright law may |
| 137 | give rise to a claim or cause of action, in law or in equity, |
| 138 | unless the parties to the claim or cause of action have executed |
| 139 | a writing sufficient to indicate that a contract has been made |
| 140 | between them governing such use. |
| 141 | (2) Nothing in subsection (1) shall affect or limit: |
| 142 | (a) Any cause of action based in copyright, trademark, |
| 143 | patent, or trade secret; or |
| 144 | (b) Any defense raised in connection with a cause of |
| 145 | action described in paragraph (a). |
| 146 | Section 3. Section 331.405, Florida Statutes, is amended |
| 147 | to read: |
| 148 | 331.405 Definitions.--As used in this part: |
| 149 | (1) "Account" means the account established pursuant to s. |
| 150 | 331.415. |
| 151 | (2) "Aerospace" means the industry concerned with the |
| 152 | design and manufacture of aircraft, rockets, missiles, |
| 153 | spacecraft, satellites, space vehicles, space stations, space |
| 154 | and defense facilities, or components thereof, and equipment, |
| 155 | systems, facilities, simulators, programs, and activities |
| 156 | related thereto. |
| 157 | (3) "Authority" means the Florida Space Authority created |
| 158 | by s. 331.302. |
| 159 | (4) "Board" means the governing body of the corporation. |
| 160 | (5) "Corporation" means the Florida Aerospace Finance |
| 161 | Corporation. |
| 162 | (6) "Domiciled in this state" means registered to do |
| 163 | business in Florida. |
| 164 | (7) "Financial institution" has the same meaning as in s. |
| 165 | 655.005(1)(h). |
| 166 | (8) "Financing agreement" has the same meaning as in s. |
| 167 | 331.303(10). |
| 168 | (9) "Member" means an individual appointed to be a member |
| 169 | of the board. |
| 170 | (10) "President" means the chief executive officer of the |
| 171 | corporation. |
| 172 | Section 4. Effective July 1, 2005, and applying |
| 173 | retroactively to January 1, 2005, section 196.1999, Florida |
| 174 | Statutes, is created to read: |
| 175 | 196.1999 Space laboratories and cargo carriers |
| 176 | exemption.--Notwithstanding other provisions of this chapter, |
| 177 | modules, pallets, racks, lockers, and their necessary associated |
| 178 | hardware and subsystems owned by any person and intended to be |
| 179 | used to transport or store cargo for space laboratories for the |
| 180 | primary purpose of conducting scientific research in space are |
| 181 | deemed to carry out a scientific purpose and are exempt from ad |
| 182 | valorem taxation. |
| 183 | Section 5. Sections 331.3685, 331.3686, 331.3687, and |
| 184 | 331.3688, Florida Statutes, are created to read: |
| 185 | 331.3685 Institute for Advanced Space Computing Act; |
| 186 | popular name.--Sections 331.3685-331.3688 may be cited as the |
| 187 | "Institute for Advanced Space Computing Act." |
| 188 | 331.3686 Legislative findings and intent.--The Legislature |
| 189 | finds that there is a critical need to invest in the aerospace |
| 190 | infrastructure in this state in order to provide new high-wage |
| 191 | jobs and long-term revenues for this state. The establishment of |
| 192 | an advanced space computing institute to articulate, coordinate, |
| 193 | and focus industrial and academic research will forge a path |
| 194 | toward applied technology and on to job growth and economic |
| 195 | development. The Legislature further finds that enhancing |
| 196 | aerospace infrastructure and establishing a focused and market- |
| 197 | driven space computing capability for this state will lead to |
| 198 | future economic development and diversification and a higher |
| 199 | quality of life for its citizens. |
| 200 | 331.3687 Institute for advanced space computing.--The term |
| 201 | "institute for advanced space computing" or "institute" means an |
| 202 | organization established at or in collaboration with one or more |
| 203 | universities in this state to accomplish the purposes and |
| 204 | objectives of the Institute for Advanced Space Computing Program |
| 205 | of the Office of Tourism, Trade, and Economic Development and |
| 206 | with which the Florida Space Research Institute has contracted |
| 207 | to further those purposes and objectives. |
| 208 | 331.3688 The Institute for Advanced Space Computing |
| 209 | Program.-- |
| 210 | (1) An advanced space computing program is created within |
| 211 | the Office of Tourism, Trade, and Economic Development. The |
| 212 | program shall have the following purposes and objectives: |
| 213 | (a) Identify and pursue opportunities for university |
| 214 | scholars, research scientists and engineers, students, and |
| 215 | private businesses to form collaborative partnerships which |
| 216 | foster and promote the research required to develop commercially |
| 217 | viable, advanced, and innovative technologies and to transfer |
| 218 | those technologies to commercial sectors. |
| 219 | (b) Leverage public and private sector funds for |
| 220 | personnel, facilities, equipment, and other resources which |
| 221 | support the research required to develop commercially viable, |
| 222 | advanced, and innovative technologies and to transfer those |
| 223 | technologies to commercial sectors. |
| 224 | (c) Recruit and retain world class scholars, high- |
| 225 | performing students, and leading scientists and engineers in |
| 226 | technology disciplines to engage in research. |
| 227 | (d) Enhance and expand technology curricula and laboratory |
| 228 | resources at universities in this state. |
| 229 | (e) Increase the number of high-performing students |
| 230 | participating in related technological disciplines, graduating |
| 231 | from Florida universities, and pursuing careers in this state. |
| 232 | (f) Stimulate and support the inception, growth, and |
| 233 | diversification of technology-based businesses and ventures in |
| 234 | this state and increasing employment opportunities for the |
| 235 | workforce needed to support such businesses. |
| 236 | (g) Identify an articulation and coordination system for |
| 237 | Florida aerospace industries, state government entities, and |
| 238 | public and private universities in this state to develop new |
| 239 | technologies that are responsive to market needs and to position |
| 240 | the state for diversification of its space and defense |
| 241 | industries. |
| 242 | (h) Position the state to participate in a growing |
| 243 | national space and defense market through the development of |
| 244 | technology that enhances mission capability, is responsive to |
| 245 | market opportunities, and maintains emerging and embryonic |
| 246 | research for long-term market positioning. |
| 247 | (2) The Office of Tourism, Trade, and Economic Development |
| 248 | shall contract with the Florida Space Research Institute to |
| 249 | assist in implementing the advanced space computing program. |
| 250 | (3) By December 15, 2005, the Florida Space Research |
| 251 | Institute shall designate an institute for advanced space |
| 252 | computing and develop the institute's plan which fulfills the |
| 253 | purposes of ss. 331.3685-331.3688. |
| 254 | (4) The institute plan shall include performance and |
| 255 | accountability measures that can be used to assess the progress |
| 256 | of implementation, the success of the institute, and the use of |
| 257 | state funds received via contract. By February 1, 2006, the |
| 258 | Florida Space Research Institute shall provide a copy of the |
| 259 | plan to the Governor, the President of the Senate, and the |
| 260 | Speaker of the House of Representatives. |
| 261 | (5) Beginning July 1, 2006, the Florida Space Research |
| 262 | Institute shall prepare an advanced space computing report |
| 263 | semiannually and submit it to the Office of Tourism, Trade, and |
| 264 | Economic Development. |
| 265 | Section 6. Sections 331.501, 331.502, 331.503, 331.504, |
| 266 | 331.505, 331.506, and 331.507, Florida Statutes, are created to |
| 267 | read: |
| 268 | 331.501 Florida Aerospace Infrastructure Act; popular |
| 269 | name.--Sections 331.501-331.507 may be cited as the "Florida |
| 270 | Aerospace Infrastructure Act." |
| 271 | 331.502 Legislative findings and intent.--The Legislature |
| 272 | finds that there is a critical need for capital assistance for |
| 273 | aerospace business expansion, economic development, and |
| 274 | financing of aerospace infrastructure. The aerospace industry in |
| 275 | this state would be assisted by a program established to invest |
| 276 | in projects proposed by state and private sector entities that |
| 277 | provide clear economic benefit to the state and support the |
| 278 | growth of the employment and technology base of the aerospace |
| 279 | industry in Florida. It is the intention of the Legislature to |
| 280 | provide funding to support the growth of the aerospace industry |
| 281 | and related high-technology industries in this state. |
| 282 | 331.503 Definitions.--For the purposes of ss. 331.501- |
| 283 | 331.501-331.507, the term: |
| 284 | (1) "Aerospace industry" means the industry concerned with |
| 285 | the design and manufacture of aircraft, rockets, missiles, |
| 286 | spacecraft, satellites, space vehicles, space stations, or space |
| 287 | and defense facilities, or components thereof, and equipment, |
| 288 | systems, facilities, simulators, programs, and activities |
| 289 | related thereto. |
| 290 | (2) "Board" means the governing board of the Florida |
| 291 | Aerospace Finance Corporation. |
| 292 | (3) "Committee" means the Independent Investment Committee |
| 293 | created in s. 331.505 to provide investment recommendations to |
| 294 | the corporation for implementation. |
| 295 | (4) "Corporation" means the Florida Aerospace Finance |
| 296 | Corporation created by s. 331.407. |
| 297 | (5) "Program" means the Florida Aerospace Infrastructure |
| 298 | Program created in s. 331.504. |
| 299 | 331.504 Florida Aerospace Infrastructure Program.-- |
| 300 | (1) The Florida Aerospace Infrastructure Program is |
| 301 | created within the Florida Aerospace Finance Corporation to |
| 302 | finance needed industry expansion and infrastructure projects |
| 303 | which may be proposed by state aerospace-related organizations, |
| 304 | the aerospace industry, or the sponsor of any aerospace-related |
| 305 | economic development or technology investment activity involving |
| 306 | aerospace business expansion and job retention. The program |
| 307 | shall support the growth of the aerospace industry and related |
| 308 | high-technology industries in this state. |
| 309 | (2) The corporation shall administer the program with |
| 310 | recommendations from the committee and subject to adequate due |
| 311 | diligence and adherence to investment policies and procedures of |
| 312 | the corporation. |
| 313 | (3) The corporation shall ensure that: |
| 314 | (a) Investment recommendations are implemented in |
| 315 | accordance with the board's policies and procedures. |
| 316 | (b) An investment account for future investments is |
| 317 | established to receive deposits from the Office of Tourism, |
| 318 | Trade, and Economic Development or other state, federal, or |
| 319 | private entities and to make awards pursuant to program |
| 320 | requirements. |
| 321 | (c) The investment portfolio is monitored and reported |
| 322 | quarterly to the committee, the corporation, Enterprise Florida, |
| 323 | Inc., and the Office of Tourism, Trade, and Economic |
| 324 | Development. |
| 325 | (4)(a) The corporation may provide direct loans, loan |
| 326 | guarantees, direct grants for advancement of intellectual |
| 327 | property, and other investment participation as necessary to |
| 328 | ensure success of total financings undertaken. |
| 329 | (b) Investment proposals may not be made for operating |
| 330 | expenses for any state activity, but shall be directed to the |
| 331 | development of aerospace infrastructure, technology, and |
| 332 | intellectual property that advances the capabilities of the |
| 333 | aerospace industry in this state. |
| 334 | (c) The corporation shall seek coinvestors in any |
| 335 | investment transaction the corporation makes, ensuring that the |
| 336 | corporation is not the sole investor in the transaction. The |
| 337 | corporation may waive this provision if investment circumstances |
| 338 | warrant such waiver. |
| 339 | (d) The corporation shall not commit more than 20 percent |
| 340 | of the funds in the investment pool to any single investment. |
| 341 | (e) The corporation shall endeavor to leverage the |
| 342 | investment account through use of loan guarantee capabilities of |
| 343 | the Small Business Administration and other state and federal |
| 344 | guarantee sources. |
| 345 | (f) The corporation shall be reimbursed for reasonable |
| 346 | costs of investment and fund administration, including legal, |
| 347 | accounting, and other costs necessary to carry out its |
| 348 | responsibilities in conducting due diligence and which are not |
| 349 | otherwise reimbursed by the companies seeking or receiving |
| 350 | investment, as well as those administrative costs incurred by |
| 351 | the corporation in providing administrative services to the |
| 352 | committee. |
| 353 | (g) The corporation may not pledge or represent that the |
| 354 | corporation is authorized to pledge the full faith and credit of |
| 355 | the state. |
| 356 | (h) The corporation shall adopt policies and procedures |
| 357 | necessary to carry out its responsibilities under ss. 331.501- |
| 358 | 331.507, particularly with respect to the board's |
| 359 | responsibilities in direct lending, loan support, or direct |
| 360 | grant or capital investment for projects approved for support by |
| 361 | the program. These policies shall be adopted prior to granting |
| 362 | awards. |
| 363 | (i) The corporation shall develop an application and |
| 364 | review process for investment proposals submitted for |
| 365 | consideration by the committee. |
| 366 | (j) The corporation shall ensure that the program is open |
| 367 | to aerospace entities that are domiciled in this state or are |
| 368 | establishing facilities and infrastructure in the state |
| 369 | resulting in employment and economic benefit to this state. |
| 370 | 331.505 Independent Investment Committee.-- |
| 371 | (1) The Independent Investment Committee is created within |
| 372 | the Florida Aerospace Finance Corporation. |
| 373 | (2)(a) The committee shall consist of five voting members |
| 374 | as follows: |
| 375 | 1. One representative or designee appointed by each of the |
| 376 | following: |
| 377 | a. The board of supervisors of the Florida Space |
| 378 | Authority. |
| 379 | b. The board of directors of Enterprise Florida, Inc. |
| 380 | c. The board of directors of the Florida Aerospace Finance |
| 381 | Corporation. |
| 382 | 2. Two representatives of the aerospace industry appointed |
| 383 | by the Governor. |
| 384 | (b) Each voting member shall serve a 3-year term and, |
| 385 | except for the initial terms which shall begin upon appointment |
| 386 | and terminate on June 30, 2008, shall begin on July 1. Members |
| 387 | appointed pursuant to subparagraph (a)1. shall serve at the |
| 388 | pleasure of the appointing authority. Members appointed pursuant |
| 389 | to subparagraph (a)2. shall serve at the pleasure of the |
| 390 | Governor. Initial appointments shall be made no later than 60 |
| 391 | days after July 1, 2005. |
| 392 | (c) Committee members, if employed full time by any entity |
| 393 | that applies for financial support, must disclose their related |
| 394 | interest and recuse themselves from voting on that project. |
| 395 | (d) All members must be residents of the state. |
| 396 | (e) All members must have an investment, banking, or |
| 397 | aerospace industry background. |
| 398 | (f) Committee members shall serve without compensation but |
| 399 | may be reimbursed for travel and per diem expenses incurred in |
| 400 | the performance of board business and in accordance with |
| 401 | policies and procedures established by the corporation's board |
| 402 | and s. 112.061. |
| 403 | (3) The committee shall: |
| 404 | (a) Recommend evaluation criteria and monitoring |
| 405 | requirements for proposals submitted to the program. |
| 406 | (b) Recommend investment guidelines which ensure each |
| 407 | proposed project is judged on its merit, its perceived need, and |
| 408 | the investment return, benefit, or overall value to the |
| 409 | aerospace industry capability, employment, technology, or |
| 410 | infrastructure. |
| 411 | (c) Receive proposals from any of the state aerospace |
| 412 | entities, entities involved in economic development activities, |
| 413 | or Florida-based aerospace corporations. |
| 414 | (d) Review proposals and make recommendations to the |
| 415 | corporation. |
| 416 | (e) Review progress reports resulting from projects |
| 417 | approved by the corporation. |
| 418 | (f) Recommend and assist the corporation in reviewing, |
| 419 | drafting, and executing any contracts or other instruments |
| 420 | necessary for the corporation to exercise its powers. |
| 421 | (g) Review whether appropriate investment and retention of |
| 422 | the program's capital base or other benefits are realized |
| 423 | through the investments of the program, except in the case of a |
| 424 | grant or equity investment, which shall be made based on value |
| 425 | received by the program. |
| 426 | 331.506 Florida Aerospace Finance Corporation; tax-exempt |
| 427 | status.--The Florida Aerospace Finance Corporation, as created |
| 428 | by s. 331.407, is granted tax-exempt status. The corporation is |
| 429 | not required to pay taxes on any project or other property owned |
| 430 | by the corporation or upon any resulting income. All notes, |
| 431 | mortgages, security agreements, letters of credit, or other |
| 432 | instruments that arise out of or are given to secure the payment |
| 433 | of debt issued in conjunction with a project financed under the |
| 434 | corporation's authority are also free from taxation by the state |
| 435 | or any other local unit, political subdivision, or |
| 436 | instrumentality of the state. The tax exemption granted is not |
| 437 | applicable to taxes imposed on interest, income, or profits on |
| 438 | debt obligations owned by the corporation. |
| 439 | 331.507 Annual report.--By December 31 of each year, the |
| 440 | corporation shall submit to the Governor, the President of the |
| 441 | Senate, the Speaker of the House of Representatives, the Senate |
| 442 | Minority Leader, and the House Minority Leader a complete and |
| 443 | detailed report on the Florida Aerospace Infrastructure Program |
| 444 | in accordance with s. 331.419 and setting forth: |
| 445 | (1) An evaluation of its activities and recommendations |
| 446 | for change. |
| 447 | (2) The program's impact on the participation of private |
| 448 | banks and other private organizations and individuals in the |
| 449 | corporation's financing programs, and other economic and social |
| 450 | benefits to businesses in this state. |
| 451 | (3) The program's assets and liabilities at the end of its |
| 452 | most recent fiscal year. |
| 453 | Section 7. The Office of Tourism, Trade, and Economic |
| 454 | Development is authorized to expend funds from Fiscal Year 2005- |
| 455 | 2006 appropriations to implement the provisions of this act. |
| 456 | Section 8. If any provision of this act or its application |
| 457 | to any person or circumstance is held invalid, the invalidity |
| 458 | does not affect other provisions or applications of this act |
| 459 | which can be given effect without the invalid provision or |
| 460 | application, and, to this end, the provisions of this act are |
| 461 | declared severable. |
| 462 | Section 9. This act shall take effect July 1, 2005. |
| 463 |
|
| 464 | ================= T I T L E A M E N D M E N T ================= |
| 465 | Remove the entire title and insert: |
| 466 | A bill to be entitled |
| 467 | An act relating to the aerospace industry; creating the |
| 468 | Commission on the Future of Space in Florida; providing |
| 469 | for membership and organization of the commission; |
| 470 | providing procedures for action by the commission; |
| 471 | authorizing the commission to appoint an executive |
| 472 | director; providing for administrative and staff |
| 473 | assistance from the Office of Tourism, Trade, and Economic |
| 474 | Development; providing for compensation of consultants; |
| 475 | providing duties of the commission; requiring the |
| 476 | commission to identify, examine, and review certain |
| 477 | information related to aerospace and the aerospace |
| 478 | industry; authorizing the commission to appoint technical |
| 479 | advisory committees; authorizing reimbursement of travel |
| 480 | expenses; requiring a certain number of meetings in |
| 481 | various regions of the state; directing certain agencies |
| 482 | and requesting other agencies to render assistance and |
| 483 | cooperation; requiring preliminary and final reports; |
| 484 | requiring the Office of Tourism, Trade, and Economic |
| 485 | Development to prepare legislative recommendations |
| 486 | consistent with the report; abolishing the commission; |
| 487 | providing an expiration date; providing appropriations; |
| 488 | creating s. 68.066, F.S.; providing requirements for |
| 489 | actions based upon use of a creation that is not protected |
| 490 | under federal copyright law; amending s. 331.405, F.S.; |
| 491 | revising the definition of "aerospace" for purposes of |
| 492 | provisions relating to the Florida Aerospace Finance |
| 493 | Corporation; creating s. 196.1999, F.S.; providing for an |
| 494 | exemption from ad valorem taxes for certain space |
| 495 | laboratories and cargo carriers; providing for retroactive |
| 496 | application; creating ss. 331.3685, 331.3686, 331.3687, |
| 497 | and 331.3688, F.S.; providing a popular name; providing |
| 498 | legislative findings and intent; providing a definition; |
| 499 | creating the Institute for Advanced Space Computing |
| 500 | Program within the Office of Tourism, Trade, and Economic |
| 501 | Development; providing purposes and objectives; requiring |
| 502 | the office to contract with the Florida Space Research |
| 503 | Institute to assist in implementing the program; requiring |
| 504 | the institute to designate an institute for advanced space |
| 505 | computing and develop and approve a plan for allocating |
| 506 | state appropriations for certain purposes; specifying plan |
| 507 | requirements; requiring the institute to provide a copy of |
| 508 | the plan to the Governor and Legislature; requiring a |
| 509 | semiannual report to the office; creating ss. 331.501, |
| 510 | 331.502, 331.503, 331.504, 331.505, 331.506, and 331.507, |
| 511 | F.S.; providing a popular name; providing legislative |
| 512 | findings and intent; providing definitions; creating the |
| 513 | Florida Aerospace Infrastructure Investment Program within |
| 514 | the Florida Aerospace Finance Corporation; providing |
| 515 | purposes; providing for funding the program; requiring the |
| 516 | corporation to administer the program; providing |
| 517 | requirements; providing the corporation with investment |
| 518 | authorizations, criteria, requirements, and limitations; |
| 519 | creating the Independent Investment Committee within the |
| 520 | corporation; providing purposes of the committee; |
| 521 | providing for appointment of committee members and |
| 522 | criteria; providing for terms; requiring members to serve |
| 523 | without compensation; providing for reimbursement of per |
| 524 | diem and travel expenses; providing committee |
| 525 | responsibilities; specifying tax-exempt status of the |
| 526 | corporation; exempting the corporation from all state and |
| 527 | local taxes; providing an exception; requiring the |
| 528 | corporation to prepare and submit annual reports; |
| 529 | providing requirements for such reports; authorizing the |
| 530 | Office of Tourism, Trade, and Economic Development to |
| 531 | expend certain funds; providing for severability; |
| 532 | providing an effective date. |