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The Florida Senate

SB 848: Rural Communities

GENERAL BILL by Montford ; (CO-INTRODUCERS) Perry ; Baxley

Rural Communities; Designating the “Florida Rural Jobs and Business Recovery Act”; requiring the Department of Economic Opportunity to accept applications for approval as growth funds in a specified manner; prohibiting the department from approving more than a certain amount of investment authority or investor contributions; providing requirements for certified growth funds; granting a credit against state premium tax liability for specified investors; prohibiting growth funds that have exited the program from making certain distributions or paying certain fees under certain circumstances, etc.

Effective Date: 7/1/2020
Last Action: 1/14/2020 Senate - Now in Finance and Tax
Bill Text: Web Page | PDF
Senate Committee References:
  1. Commerce and Tourism (CM)
  2. Finance and Tax (FT)
  3. Appropriations (AP)



Bill History

Date Chamber Action
11/8/2019 Senate • Filed
11/21/2019 Senate • Referred to Commerce and Tourism; Finance and Tax; Appropriations -SJ 64
1/9/2020 Senate • On Committee agenda-- Commerce and Tourism, 01/14/20, 2:30 pm, 110 Senate Building
1/14/2020 Senate • Introduced -SJ 64
• Favorable by Commerce and Tourism; YEAS 5 NAYS 0 -SJ 154
• Now in Finance and Tax