Florida Senate - 2009 SENATOR AMENDMENT Bill No. SB 2656, 1st Eng. Barcode 434214 LEGISLATIVE ACTION Senate . House . . . . . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— Senator Haridopolos moved the following: 1 Senate Amendment (with title amendment) 2 3 Between lines 271 and 272 4 insert: 5 Section 4. Subsection (1) of section 559.801, Florida 6 Statutes, is amended to read: 7 559.801 Definitions.—For the purpose of ss. 559.80-559.815, 8 the term: 9 (1)(a) “Business opportunity” means the sale or lease of 10 any products, equipment, supplies, or services which are sold or 11 leased to a purchaser to enable the purchaser to start a 12 business for which the purchaser is required to pay an initial 13 fee or sum of money which exceeds $500 to the seller, and in 14 which the seller represents: 15 1. That the seller or person or entity affiliated with or 16 referred by the seller will provide locations or assist the 17 purchaser in finding locations for the use or operation of 18 vending machines, racks, display cases, currency or card 19 operated equipment, or other similar devices or currency 20 operated amusement machines or devices on premises neither owned 21 nor leased by the purchaser or seller; 22 2. That the seller will purchase any or all products made, 23 produced, fabricated, grown, bred, or modified by the purchaser 24 using in whole or in part the supplies, services, or chattels 25 sold to the purchaser; 26 3. That the seller guarantees that the purchaser will 27 derive income from the business opportunity which exceeds the 28 price paid or rent charged for the business opportunity or that 29 the seller will refund all or part of the price paid or rent 30 charged for the business opportunity, or will repurchase any of 31 the products, equipment, supplies, or chattels supplied by the 32 seller, if the purchaser is unsatisfied with the business 33 opportunity; or 34 4. That the seller will provide a sales program or 35 marketing program that will enable the purchaser to derive 36 income from the business opportunity, except that this paragraph 37 does not apply to the sale of a sales program or marketing 38 program made in conjunction with the licensing of a trademark or 39 service mark that is registered under the laws of any state or 40 of the United States if the seller requires use of the trademark 41 or service mark in the sales agreement. 42 43 For the purpose of subparagraph 1., the term “assist the 44 purchaser in finding locations” means, but is not limited to, 45 supplying the purchaser with names of locator companies, 46 contracting with the purchaser to provide assistance or supply 47 names, or collecting a fee on behalf of or for a locator 48 company. 49 (b) “Business opportunity” does not include: 50 1. The sale of ongoing businesses when the owner of those 51 businesses sells and intends to sell only those business 52 opportunities so long as those business opportunities to be sold 53 are no more than five in number; 54 2. The not-for-profit sale of sales demonstration 55 equipment, materials, or samples for a price that does not 56 exceed $500 or any sales training course offered by the seller 57 the cost of which does not exceed $500; or 583. The sale or lease of laundry and drycleaning equipment.59 60 61 ================= T I T L E A M E N D M E N T ================ 62 And the title is amended as follows: 63 Delete line 24 64 and insert: 65 amending s. 559.801, F.S.; deleting the sale or lease 66 of laundry and drycleaning equipment from exclusions 67 to the definition of the term “business opportunity” 68 for purposes of the “Sale of Business Opportunities 69 Act”; providing an effective date. 70