Senate Bill sb2096c1
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Florida Senate - 2006 CS for SB 2096
By the Committee on Commerce and Consumer Services
577-2213-06
1 A bill to be entitled
2 An act relating to economic development;
3 requiring the Office of Program Policy Analysis
4 and Government Accountability and the Auditor
5 General to jointly review the Office of
6 Tourism, Trade, and Economic Development, the
7 Black Business Investment Board and its
8 subsidiaries or affiliates, and the black
9 business investment corporations; providing an
10 effective date.
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12 Be It Enacted by the Legislature of the State of Florida:
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14 Section 1. The Office of Program Policy Analysis and
15 Government Accountability and the Auditor General shall
16 jointly review the Office of Tourism, Trade, and Economic
17 Development, the Black Business Investment Board and its
18 subsidiaries or affiliates, and the black business investment
19 corporations in the individual and collective performance of
20 their statutory and contract duties imposed under ss.
21 288.707-288.714, Florida Statutes. In particular, the study
22 shall evaluate the following:
23 (1) Compliance with applicable statutes and
24 contractual provisions;
25 (2) Program performance, including the number of loans
26 or loan guarantees made, the performance of said loans or loan
27 guarantees, and the retention or lack of retention of loan or
28 loan guarantee customers for fiscal years 2001-2002 through
29 2005-2006;
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Florida Senate - 2006 CS for SB 2096
577-2213-06
1 (3) Accountability, including the uniformity and
2 quality of recordkeeping by each participant so that state
3 funds may be tracked effectively;
4 (4) Organizational issues, including how the structure
5 of the governing laws and contractual relationships assisted
6 or hindered the implementation of the program;
7 (5) Investment activity, including investments in
8 non-black business enterprises and use of state funds for
9 purposes other than loan or loan guarantee origination to
10 black business enterprises;
11 (6) Business relationships between the program
12 participants, including agreements between program
13 participants, their board members, officers or employees, and
14 third parties that benefit the participants or board members,
15 officers, or employees in ways that do not enhance the
16 program;
17 (7) Oversight by the Office of Tourism, Trade, and
18 Economic Development, including the use of contractual
19 provisions to enhance accountability;
20 (8) Performance of statutory certification required
21 under s. 288.7091(1), Florida Statutes, by program
22 participants; and
23 (9) Accountability for appropriated funds as required
24 by s. 288.7091(2), Florida Statutes, by program participants.
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26 The two offices shall provide a report of their findings and
27 recommendations for legislative changes to the program by
28 January 1, 2007, to the Governor, the President of the Senate,
29 the Speaker of the House of Representatives, and the
30 appropriate committee chairs of the Senate and the House of
31 Representatives.
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CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 2006 CS for SB 2096
577-2213-06
1 Section 2. This act shall take effect upon becoming a
2 law.
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4 STATEMENT OF SUBSTANTIAL CHANGES CONTAINED IN
COMMITTEE SUBSTITUTE FOR
5 Senate Bill 2096
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7 This committee substitute differs from the bill as filed in
that it requires the Office of Program Policy Analysis and
8 Government Accountability and the Auditor General to jointly
review the Office of Tourism, Trade, and Economic Development,
9 the Black Business Investment Board, it subsidiaries or
affiliates, and the Black Business Investment Corporations in
10 the individual and collective performance of their statutory
and contract duties.
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