Florida Senate - 2013                        COMMITTEE AMENDMENT
       Bill No. SB 446
                                Barcode 453694                          
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  03/04/2013           .                                

       The Committee on Commerce and Tourism (Hukill) recommended the
    1         Senate Amendment (with title amendment)
    3         Between lines 151 and 152
    4  insert:
    5         (d) The department may waive the requirements of paragraphs
    6  (a) through (c) by certifying to the Governor and the chair and
    7  vice chair of the Legislative Budget Commission the following
    8  information:
    9         1. The applicant demonstrates the financial ability to
   10  fulfill the requirements of the contract and has submitted an
   11  independently audited financial statement for the previous 5
   12  years;
   13         2. If applicable, the applicant was previously a recipient
   14  of an incentive under an economic development program, was
   15  subject to clawback requirements, and timely complied with those
   16  provisions; and
   17         3. The department has determined that waiver of the
   18  requirements of paragraphs (a) through (c) is in the best
   19  interest of the state.
   20         (e) For waivers granted under paragraph (d), the department
   21  shall provide a written description and evaluation of the waiver
   22  to the chair and vice chair of the Legislative Budget
   23  Commission. Such information may be provided at the same time
   24  that the information for the project consultation is provided to
   25  the Legislative Budget Commission under s. 288.1088 or s.
   26  288.1089. If the chair or vice chair of the Legislative Budget
   27  Commission timely advises the department that such action or
   28  proposed action exceeds delegated authority or is contrary to
   29  legislative policy or intent, the department shall void the
   30  waiver until the Legislative Budget Commission or the
   31  Legislature addresses the issue. Notwithstanding such
   32  requirement, any project exceeding $5 million must be approved
   33  by the Legislative Budget Commission.
   34         (f) The provisions of this subsection shall apply to any
   35  contract entered into on or after July 1, 2013.
   38  ================= T I T L E  A M E N D M E N T ================
   39         And the title is amended as follows:
   40         Between lines 32 and 33
   41  insert:
   42         providing for a waiver of the surety bond or other
   43         security if certain information is provided and the
   44         department determines it to be in the best interest of
   45         the state; providing that the waiver of the surety
   46         bond or other security must for funding in excess of
   47         $5 million must be approved by the Legislative Budget
   48         Commission;