Florida Senate - 2025                      CS for CS for SB 1678
       
       
        
       By the Committees on Appropriations; and Governmental Oversight
       and Accountability; and Senators Leek, Martin, Ingoglia, and
       Rodriguez
       
       
       
       576-03213-25                                          20251678c2
    1                        A bill to be entitled                      
    2         An act relating to entities that boycott Israel;
    3         amending s. 215.4725, F.S.; defining terms; revising
    4         definitions; requiring the public fund to make its
    5         best efforts to identify certain institutions,
    6         organizations, agencies, governments, and other
    7         entities in which the public fund has direct or
    8         indirect holdings; requiring the public fund to
    9         compile and make available the Scrutinized Companies
   10         or Other Entities that Boycott Israel List; requiring
   11         the public fund to quarterly update and make publicly
   12         available such list; revising the procedures the
   13         public fund must follow for assembling companies or
   14         other entities on such list; requiring the Department
   15         of Management Services to work with the public fund to
   16         determine the companies or other entities with which
   17         the state contracts or has grant agreements; requiring
   18         the department to notify certain companies that they
   19         may be barred from future contracts with the state;
   20         requiring the public fund to file a certain report
   21         with each member of the Board of Trustees of the State
   22         Board of Administration and with the Legislature which
   23         includes such list; requiring the public fund to file
   24         a certain report with a summary of correspondence
   25         between other entities and the public fund; requiring
   26         that specified actions be adopted and incorporated
   27         into a certain statement; amending s. 265.286, F.S.;
   28         requiring applicants to sign a certification form
   29         attesting that they comply with specified
   30         antidiscrimination laws and will not engage in
   31         antisemitic discrimination or antisemitic speech in
   32         conjunction with the program or project for which
   33         their grant is awarded; disqualifying for a specified
   34         timeframe grant applicants that engage in boycotts,
   35         antisemitic discrimination, or antisemitic speech;
   36         requiring recipients found to have engaged in boycotts
   37         or antisemitic discrimination in violation of their
   38         certification to pay a specified penalty; authorizing
   39         individuals to file a written complaint to the
   40         Attorney General for not pursuing a cause of action
   41         within a specified timeframe; requiring the Attorney
   42         General to provide a written response within a
   43         specified timeframe; amending s. 287.135, F.S.;
   44         revising the definition of the term “awarding body”;
   45         revising the contract values that prohibit a company
   46         or other entity from being eligible to bid on, submit
   47         a proposal for, or enter into or renew a contract with
   48         an agency or local governmental entity; requiring
   49         agencies and local governmental entities that enter
   50         into or renew a contract to include a specific
   51         termination provision; authorizing agencies and local
   52         governmental entities to bid on, submit a proposal
   53         for, or enter into or renew a contract for goods and
   54         services with other entities that boycott Israel under
   55         specified circumstances; requiring other entities to
   56         submit a certain certification at the same time as
   57         they submit a bid or proposal or enter into or renew a
   58         contract with an agency or local governmental entity;
   59         authorizing civil actions against companies and other
   60         entities under specified conditions; providing an
   61         effective date.
   62          
   63  Be It Enacted by the Legislature of the State of Florida:
   64  
   65         Section 1. Section 215.4725, Florida Statutes, is amended
   66  to read:
   67         215.4725 Prohibited investments by the State Board of
   68  Administration; companies and other entities that boycott
   69  Israel.—
   70         (1) DEFINITIONS.—As used in this section, the term:
   71         (a) “Agency” means any of the various state officers,
   72  departments, boards, commissions, divisions, bureaus, and
   73  councils and any other unit of organization, however designated,
   74  of the executive branch of state government.
   75         (b) “Boycott Israel” or “boycott of Israel” means refusing
   76  to deal, terminating business activities, or taking other
   77  actions to limit commercial relations with Israel, or persons or
   78  entities doing business in Israel or in Israeli-controlled
   79  territories, in a discriminatory manner. A statement by a
   80  company, an educational institution, a nonprofit organization,
   81  an agency, a local governmental entity or unit thereof, or a
   82  foreign government that it is participating in a boycott of
   83  Israel, or that it has initiated a boycott in response to a
   84  request for a boycott of Israel or in compliance with, or in
   85  furtherance of, calls for a boycott of Israel, may be considered
   86  by the State Board of Administration to be evidence that a
   87  company or other entity is participating in a boycott of Israel.
   88  The term includes taking adverse action, including changes to
   89  published commercial financial ratings, risk ratings, and
   90  controversy ratings based on nonpecuniary factors, to inflict
   91  economic harm on Israel or persons or entities doing business in
   92  Israel or in Israeli-controlled territories. The term includes
   93  trade practices that are prohibited by federal regulations
   94  issued in compliance with 50 U.S.C. s. 4842 and does not include
   95  trade practices that are preempted by federal law. The term also
   96  includes an academic boycott of Israel in which an educational
   97  institution enacts or implements restrictive policies, or
   98  otherwise participates in activities having the object or effect
   99  of restricting ongoing or potential academic relationships, on
  100  the basis of ties to the State of Israel or its academic,
  101  educational, or research institutions, or by holding
  102  researchers, students, prospective students, guest lecturers,
  103  and artists-in-residence or institutions collectively liable for
  104  any alleged objectionable conduct by the State of Israel. An
  105  educational institution is deemed to have engaged in an academic
  106  boycott of Israel if any of its departments, centers, or other
  107  organs engages in a boycott, or, in the case of a foreign
  108  educational institution, if any faculty union recognized by that
  109  institution engages in a boycott.
  110         (c)(b) “Company” means an a sole proprietorship,
  111  organization, an association, a corporation, a partnership, a
  112  joint venture, a limited partnership, a limited liability
  113  partnership, a limited liability company, or other entity or
  114  business association, including all wholly owned subsidiaries,
  115  majority-owned subsidiaries, and parent companies, or
  116  affiliates, having more than 10 full-time employees. The term
  117  does not include a natural person or a sole proprietorship that
  118  exists for the purpose of making profit.
  119         (d)(c) “Direct holdings” in a company means all securities
  120  of that company that are held directly by the public fund or in
  121  an account or fund in which the public fund owns all shares or
  122  interests.
  123         (e)(d) “Indirect holdings” in a company means all
  124  securities of that company that are held in a commingled fund or
  125  other collective investment, such as a mutual or index fund, in
  126  which the public fund owns shares or interests, together with
  127  other investors not subject to this section or which are held in
  128  an index fund.
  129         (f)“Local governmental entity” means a county,
  130  municipality, special district, or other political subdivision.
  131         (g)“Other entity” means an educational institution, a
  132  nonprofit organization, an agency, a local governmental entity
  133  or unit thereof, or a foreign government, including any of its
  134  public investment funds, public pension funds, sovereign wealth
  135  funds, or other government-sponsored investment funds.
  136         (h)(e) “Public fund” means all funds, assets, trustees
  137  trustee, and other designates under the State Board of
  138  Administration pursuant to part I of chapter 121.
  139         (i)(f) “Scrutinized companies or other entities” means
  140  companies or other entities that boycott Israel or engage in a
  141  boycott of Israel.
  142         (2) IDENTIFICATION OF COMPANIES OR OTHER ENTITIES.—
  143         (a) The public fund shall make its best efforts to identify
  144  all scrutinized companies or other entities in which the public
  145  fund has direct or indirect holdings or could possibly have such
  146  holdings in the future. Such efforts include:
  147         1. To the extent that the public fund finds it appropriate,
  148  reviewing and relying on publicly available information
  149  regarding companies or other entities that boycott Israel,
  150  including information provided by nonprofit organizations,
  151  research firms, international organizations, and government
  152  entities;
  153         2. Contacting asset managers contracted by the public fund
  154  for information regarding companies or other entities that
  155  boycott Israel; or
  156         3. Contacting other institutional investors that prohibit
  157  such investments or that have engaged with companies or other
  158  entities that boycott Israel.
  159         (b) By the first meeting of the public fund following the
  160  identification of scrutinized companies in accordance with
  161  paragraph (a), the public fund shall compile and make available
  162  the “Scrutinized Companies or Other Entities that Boycott Israel
  163  List.”
  164         (c) The public fund shall update and make publicly
  165  available quarterly the Scrutinized Companies or Other Entities
  166  that Boycott Israel List based on evolving information from,
  167  among other sources, those listed in paragraph (a).
  168         (3) REQUIRED ACTIONS.—The public fund shall adhere to the
  169  following procedures for assembling companies or other entities
  170  on the Scrutinized Companies or Other Entities that Boycott
  171  Israel List.
  172         (a) Engagement.—
  173         1. The public fund shall immediately determine the
  174  companies or other entities on the Scrutinized Companies or
  175  Other Entities that Boycott Israel List in which the public fund
  176  owns direct or indirect holdings. The Department of Management
  177  Services shall work with the public fund to determine the
  178  companies or other entities with which the state currently
  179  contracts or has a grant agreement, as detailed under ss.
  180  287.135 and 265.286, respectively.
  181         2. For each company or other entity newly identified under
  182  this paragraph, the public fund shall send a written notice
  183  informing the company or other entity of its scrutinized company
  184  status and that it may become subject to investment prohibition
  185  or divestment by the public fund. The Department of Management
  186  Services shall also notify each company or other entity newly
  187  identified under this paragraph that it may be barred from
  188  future contracts or grants awarded by the state. The notices
  189  notice must inform the company or other entity of the
  190  opportunity to clarify its activities regarding the boycott of
  191  Israel and encourage the company or other entity to cease the
  192  boycott of Israel within 90 days in order to avoid qualifying
  193  for investment prohibition or divestment.
  194         3. If, within 90 days after the public fund’s first
  195  engagement with a company or other entity pursuant to this
  196  paragraph, the company or other entity ceases a boycott of
  197  Israel, the company or other entity shall be removed from the
  198  Scrutinized Companies or Other Entities that Boycott Israel
  199  List, and the provisions of this section ceases shall cease to
  200  apply to that company or other entity unless that company or
  201  other entity resumes a boycott of Israel.
  202         (b) Divestment.—
  203         1. If, after 90 days following the public fund’s first
  204  engagement with a company or other entity pursuant to paragraph
  205  (a), the company or other entity continues to boycott Israel,
  206  the public fund must sell, redeem, divest, or withdraw all
  207  publicly traded securities of the company or other entity from
  208  the public fund within 12 months after the company’s or other
  209  entity’s most recent appearance on the Scrutinized Companies or
  210  Other Entities that Boycott Israel List.
  211         2. If a company or other entity that ceased a boycott of
  212  Israel following engagement pursuant to paragraph (a) resumes
  213  such activities, this paragraph immediately applies, and the
  214  public fund must send a written notice to the company or other
  215  entity. The company or other entity must also be immediately
  216  reintroduced onto the Scrutinized Companies or Other Entities
  217  that Boycott Israel List, as applicable.
  218         (c) Prohibition.—The public fund is prohibited from
  219  acquiring securities of companies or other entities on the
  220  Scrutinized Companies or Other Entities that Boycott Israel
  221  List, except as provided in paragraph (d) and subsection (6).
  222  The public fund and the endowments and retirement funds of the
  223  State University System may not acquire or hold the debt of a
  224  foreign government that is on the Scrutinized Companies or Other
  225  Entities that Boycott Israel List, or of a foreign government
  226  with a sovereign wealth fund that is on the Scrutinized
  227  Companies or Other Entities that Boycott Israel List where the
  228  foreign government has authority to actively control or manage
  229  the fund.
  230         (d) Excluded securities.—Notwithstanding this section,
  231  paragraphs (b) and (c) do not apply to:
  232         1. Indirect holdings. However, the public fund shall submit
  233  letters to the managers of such investment funds containing
  234  companies that boycott Israel requesting that they consider
  235  removing such companies from the fund or create a similar fund
  236  having indirect holdings devoid of such companies. If the
  237  manager creates a similar fund, the public fund shall replace
  238  all applicable investments with investments in the similar fund
  239  in an expedited timeframe consistent with prudent investing
  240  standards. For the purposes of this section, an alternative
  241  investment, as the term is defined in s. 215.4401, and
  242  securities that are not publicly traded are deemed to be
  243  indirect holdings.
  244         2. Exchange-traded funds.
  245         (4) REPORTING.—
  246         (a) The public fund shall file a report with each member of
  247  the Board of Trustees of the State Board of Administration, the
  248  President of the Senate, and the Speaker of the House of
  249  Representatives which includes the Scrutinized Companies or
  250  Other Entities that Boycott Israel List within 30 days after the
  251  list is created. This report shall be made available to the
  252  public.
  253         (b) At each quarterly meeting of the Board of Trustees
  254  thereafter, the public fund shall file a report, which shall be
  255  made available to the public and to each member of the Board of
  256  Trustees of the State Board of Administration, the President of
  257  the Senate, and the Speaker of the House of Representatives,
  258  which includes:
  259         1. A summary of correspondence with companies or other
  260  entities engaged by the public fund under subsection (3);
  261         2. All investments sold, redeemed, divested, or withdrawn
  262  in compliance with paragraph (3)(b);
  263         3. All prohibited investments under paragraph (3)(c);
  264         4. Any progress made under paragraph (3)(d); and
  265         5. A list of all publicly traded securities held directly
  266  by the public fund.
  267         (5) INVESTMENT POLICY STATEMENT OBLIGATIONS.—The public
  268  fund’s actions taken in compliance with this section, including
  269  all good faith determinations regarding companies or other
  270  entities as required by this act, shall be adopted and
  271  incorporated into the public fund’s investment policy statement
  272  as provided in s. 215.475.
  273         (6) INVESTMENT AND REINVESTMENT IN CERTAIN SCRUTINIZED
  274  COMPANIES OR OTHER ENTITIES.—Notwithstanding any other provision
  275  of this section, the public fund may invest in, cease divestment
  276  from, or reinvest in certain scrutinized companies or other
  277  entities if clear and convincing evidence shows that the value
  278  of all assets under management by the public fund becomes equal
  279  to or less than 99.50 percent, or 50 basis points, of the
  280  hypothetical value of all assets under management by the public
  281  fund, assuming no investment prohibition or divestment for any
  282  company or other entity had occurred under subsection (3).
  283  Cessation of the investment prohibition or the divestment, or
  284  reinvestment or any new investment, in a scrutinized company or
  285  other entity is limited to the minimum steps necessary to avoid
  286  the contingency described in this subsection. For any cessation
  287  of the investment prohibition or divestment, or reinvestment or
  288  new investment authorized by this subsection, the public fund
  289  shall provide a written report to each member of the Board of
  290  Trustees of the State Board of Administration, the President of
  291  the Senate, and the Speaker of the House of Representatives in
  292  advance of the cessation of investment prohibition or the
  293  divestment, or reinvestment or new investment, updated
  294  semiannually thereafter as applicable, setting forth the reasons
  295  and justification, supported by clear and convincing evidence,
  296  for its decisions to cease the investment prohibition or
  297  divestment, or to reinvest in scrutinized companies or other
  298  entities.
  299         (7)STATE UNIVERSITY SYSTEM COMPLIANCE.—The endowment and
  300  retirement funds of the universities of the State University
  301  System are required to comply with the divestment requirement
  302  and prohibition of acquiring securities of companies or other
  303  entities on the Scrutinized Companies or Other Entities that
  304  Boycott Israel List. The endowment and retirement funds of the
  305  universities of the State University System are provided the
  306  same exemption as provided in paragraph (3)(d).
  307         Section 2. Paragraph (c) of subsection (6) of section
  308  265.286, Florida Statutes, is amended, and paragraphs (d) and
  309  (e) are added to that subsection, to read:
  310         265.286 Art and cultural grants.—
  311         (6) The division shall adopt rules establishing:
  312         (c) The panel review process, including, but not limited
  313  to, criteria for reviewing grant applications to ensure
  314  compliance with applicable federal and state law, including
  315  those related to discrimination and conflicts of interest. For
  316  the purposes of satisfying the nondiscrimination requirements of
  317  this section, each applicant must sign a certification form
  318  attesting to the fact that they are complying with all relevant
  319  antidiscrimination laws, including the anti-boycott rules of
  320  this state pursuant to ss. 215.4725 and 287.135, and will not
  321  engage in antisemitic discrimination as defined by s. 1.015,
  322  including refusals to deal based on an individual’s or entity’s
  323  real or perceived connection to the State of Israel, or engage
  324  in antisemitic speech as defined in s. 1.015, in conjunction
  325  with the program or project for which their grant is awarded.
  326  The division may not award any new grant that will, in whole or
  327  in part, inure to the personal benefit of any council or review
  328  panel member during the member’s term of office if the council
  329  or panel member participated in the vote of the council or panel
  330  recommending the award. This paragraph does not prohibit the
  331  division from awarding a grant to an entity with which a council
  332  or panel member is associated.
  333         (d)A grant applicant found to be engaging in any boycott
  334  action, antisemitic discrimination, or antisemitic speech in
  335  conjunction with the program or project for which the grant is
  336  awarded shall be disqualified from grant eligibility until 10
  337  years after any such action has ceased. A grant recipient found
  338  to have engaged in a boycott of Israel or antisemitic
  339  discrimination during the duration of the project or program for
  340  which its grant was awarded shall be subject to a penalty
  341  payable to the State Treasury of three times the amount of the
  342  grant received for which the false certification was submitted.
  343         (e)If the Attorney General fails to pursue a cause of
  344  action within 90 days after a violation of paragraph (c),
  345  individuals have the right to file a written complaint to the
  346  Attorney General, who in turn will be required to provide a
  347  written response within 30 days after receipt of the complaint.
  348         Section 3. Section 287.135, Florida Statutes, is amended to
  349  read:
  350         287.135 Prohibition against contracting with scrutinized
  351  companies or entities.—
  352         (1) In addition to the terms defined in ss. 287.012 and
  353  215.473, as used in this section, the term:
  354         (a) “Awarding body” means, for purposes of state contracts,
  355  an agency or the department, and for purposes of local
  356  contracts, the governing body of the local governmental entity.
  357         (b) “Boycott of Israel” has the same meaning as defined in
  358  s. 215.4725.
  359         (c) “Business operations” means, for purposes specifically
  360  related to Cuba or Syria, engaging in commerce in any form in
  361  Cuba or Syria, including, but not limited to, acquiring,
  362  developing, maintaining, owning, selling, possessing, leasing,
  363  or operating equipment, facilities, personnel, products,
  364  services, personal property, real property, military equipment,
  365  or any other apparatus of business or commerce.
  366         (d) “Local governmental entity” means a county,
  367  municipality, special district, or other political subdivision
  368  of the state.
  369         (2) A company or other entity is ineligible to, and may
  370  not, bid on, submit a proposal for, or enter into or renew a
  371  contract with an agency or local governmental entity for goods
  372  or services of:
  373         (a) One hundred thousand dollars or more Any amount if, at
  374  the time of bidding on, submitting a proposal for, or entering
  375  into or renewing such contract, the company or other entity is
  376  on the Scrutinized Companies or Other Entities that Boycott
  377  Israel List, created pursuant to s. 215.4725, or is engaged in a
  378  boycott of Israel; or
  379         (b) One million dollars or more if, at the time of bidding
  380  on, submitting a proposal for, or entering into or renewing such
  381  contract, the company or other entity:
  382         1. Is on the Scrutinized Companies with Activities in Sudan
  383  List or the Scrutinized Companies with Activities in Iran
  384  Terrorism Sectors List, created pursuant to s. 215.473; or
  385         2. Is engaged in business operations in Cuba or Syria.
  386         (3)(a) Any contract with an agency or local governmental
  387  entity for goods or services of $1 million or more entered into
  388  or renewed on or after:
  389         1. July 1, 2011, through June 30, 2012, must contain a
  390  provision that allows for the termination of such contract at
  391  the option of the awarding body if the company is found to have
  392  submitted a false certification as provided under subsection (5)
  393  or been placed on the Scrutinized Companies with Activities in
  394  Sudan List or the Scrutinized Companies with Activities in the
  395  Iran Petroleum Energy Sector List.
  396         2. July 1, 2012, through September 30, 2016, must contain a
  397  provision that allows for the termination of such contract at
  398  the option of the awarding body if the company is found to have
  399  submitted a false certification as provided under subsection
  400  (5), been placed on the Scrutinized Companies with Activities in
  401  Sudan List or the Scrutinized Companies with Activities in the
  402  Iran Petroleum Energy Sector List, or been engaged in business
  403  operations in Cuba or Syria.
  404         3. October 1, 2016, through June 30, 2018, must contain a
  405  provision that allows for the termination of such contract at
  406  the option of the awarding body if the company:
  407         a. Is found to have submitted a false certification as
  408  provided under subsection (5);
  409         b. Has been placed on the Scrutinized Companies that
  410  Boycott Israel List, or is engaged in a boycott of Israel;
  411         c. Has been placed on the Scrutinized Companies with
  412  Activities in Sudan List or the Scrutinized Companies with
  413  Activities in the Iran Petroleum Energy Sector List; or
  414         d. Has been engaged in business operations in Cuba or
  415  Syria.
  416         4. July 1, 2018, must contain a provision that allows for
  417  the termination of such contract at the option of the awarding
  418  body if the company is found to have submitted a false
  419  certification as provided under subsection (5), been placed on
  420  the Scrutinized Companies with Activities in Sudan List, or been
  421  engaged in business operations in Cuba or Syria.
  422         5. July 1, 2018, must contain a provision that allows for
  423  the termination of such contract at the option of the awarding
  424  body if the company is found to have submitted a false
  425  certification as provided under subsection (5) or has been
  426  placed on a list created pursuant to s. 215.473, relating to
  427  scrutinized active business operations in Iran.
  428         (b) Any contract with an agency or local governmental
  429  entity for goods or services of any amount entered into or
  430  renewed on or after:
  431         1. July 1, 2018, must contain a provision that allows for
  432  the termination of such contract at the option of the awarding
  433  body if the company is found to have been placed on the
  434  Scrutinized Companies that Boycott Israel List or is engaged in
  435  a boycott of Israel.
  436         2. July 1, 2025, must contain a provision that allows for
  437  the termination of such contract at the option of the awarding
  438  body if the company or other entity is found to have been placed
  439  on the Scrutinized Companies or Other Entities that Boycott
  440  Israel List or is engaged in a boycott of Israel.
  441         (4) Notwithstanding subsection (2) or subsection (3), an
  442  agency or local governmental entity, on a case-by-case basis,
  443  may allow a company on the Scrutinized Companies with Activities
  444  in Sudan List, the Scrutinized Companies with Activities in the
  445  Iran Petroleum Energy Sector List, or the Scrutinized Companies
  446  with Activities in Iran Terrorism Sectors List, or a company
  447  engaged in business operations in Cuba or Syria, to be eligible
  448  for, bid on, submit a proposal for, or enter into or renew a
  449  contract for goods or services of $1 million or more, or may
  450  allow a company or other entity on the Scrutinized Companies or
  451  Other Entities that Boycott Israel List to be eligible for, bid
  452  on, submit a proposal for, or enter into or renew a contract for
  453  goods or services of any amount, under the conditions set forth
  454  in paragraph (a) or the conditions set forth in paragraph (b):
  455         (a)1. With respect to a company on the Scrutinized
  456  Companies with Activities in Sudan List, all of the following
  457  occur:
  458         a. The scrutinized business operations were made before
  459  July 1, 2011.
  460         b. The scrutinized business operations have not been
  461  expanded or renewed after July 1, 2011.
  462         c. The agency or local governmental entity determines that
  463  it is in the best interest of the state or local community to
  464  contract with the company.
  465         d. The company has adopted, has publicized, and is
  466  implementing a formal plan to cease scrutinized business
  467  operations and to refrain from engaging in any new scrutinized
  468  business operations.
  469         2. With respect to a company engaged in business operations
  470  in Cuba or Syria, all of the following occur:
  471         a. The business operations were made before July 1, 2012.
  472         b. The business operations have not been expanded or
  473  renewed after July 1, 2012.
  474         c. The agency or local governmental entity determines that
  475  it is in the best interest of the state or local community to
  476  contract with the company.
  477         d. The company has adopted, has publicized, and is
  478  implementing a formal plan to cease business operations and to
  479  refrain from engaging in any new business operations.
  480         3. With respect to a company or other entity on the
  481  Scrutinized Companies or Other Entities that Boycott Israel
  482  List, all of the following occur:
  483         a. The boycott of Israel was initiated before October 1,
  484  2016.
  485         b. The company or other entity certifies in writing that it
  486  has ceased its boycott of Israel.
  487         c. The agency or local governmental entity determines that
  488  it is in the best interest of the state or local community to
  489  contract with the company or other entity.
  490         d. The company or other entity has adopted, has publicized,
  491  and is implementing a formal plan to cease scrutinized business
  492  operations and to refrain from engaging in any new scrutinized
  493  business operations.
  494         4. With respect to a company on the Scrutinized Companies
  495  with Activities in the Iran Petroleum Energy Sector List as of
  496  November 6, 2023, all of the following occur:
  497         a. The scrutinized business operations were made before
  498  July 1, 2011.
  499         b. The scrutinized business operations have not been
  500  expanded or renewed after July 1, 2011.
  501         c. The agency or local governmental entity determines that
  502  it is in the best interest of the state or local community to
  503  contract with the company.
  504         d. The company has adopted, has publicized, and is
  505  implementing a formal plan to cease scrutinized business
  506  operations and to refrain from engaging in any new scrutinized
  507  business operations.
  508         5. With respect to a company on the Scrutinized Companies
  509  with Activities in Iran Terrorism Sectors List other than those
  510  companies included on the Scrutinized Companies with Activities
  511  in the Iran Petroleum Energy Sector List as of November 6, 2023,
  512  all of the following occur:
  513         a. The scrutinized business operations were made before
  514  January 10, 2024.
  515         b. The scrutinized business operations have not been
  516  expanded or renewed on or after January 10, 2024.
  517         c. The agency or local governmental entity determines that
  518  it is in the best interest of the state or local community to
  519  contract with the company.
  520         d. The company has adopted, has publicized, and is
  521  implementing a formal plan to cease those scrutinized business
  522  operations and to refrain from engaging in any new scrutinized
  523  business operations.
  524         (b) One of the following occurs:
  525         1. The local governmental entity makes a public finding
  526  that, absent such an exemption, the local governmental entity
  527  would be unable to obtain the goods or services for which the
  528  contract is offered.
  529         2. For a contract with an executive agency, the Governor
  530  makes a public finding that, absent such an exemption, the
  531  agency would be unable to obtain the goods or services for which
  532  the contract is offered.
  533         3. For a contract with an office of a state constitutional
  534  officer other than the Governor, the state constitutional
  535  officer makes a public finding that, absent such an exemption,
  536  the office would be unable to obtain the goods or services for
  537  which the contract is offered.
  538         (5) At the time a company submits a bid or proposal for a
  539  contract or before the company enters into or renews a contract
  540  with an agency or local governmental entity for goods or
  541  services of $1 million or more, the company must certify that
  542  the company is not on the Scrutinized Companies with Activities
  543  in Sudan List or the Scrutinized Companies with Activities in
  544  Iran Terrorism Sectors List and that it does not have business
  545  operations in Cuba or Syria. At the time a company or other
  546  entity submits a bid or proposal for a contract or before the
  547  company or other entity enters into or renews a contract with an
  548  agency or local governmental entity for goods or services of any
  549  amount, the company or other entity must certify that the
  550  company or other entity is not participating in a boycott of
  551  Israel.
  552         (a) If, after the agency or the local governmental entity
  553  determines, using credible information available to the public,
  554  that the company or other entity has submitted a false
  555  certification, the agency or local governmental entity shall
  556  provide the company or other entity with written notice of its
  557  determination. The company or other entity shall have 90 days
  558  following receipt of the notice to respond in writing and to
  559  demonstrate that the determination of false certification was
  560  made in error. If the company or other entity does not make such
  561  demonstration within 90 days after receipt of the notice, the
  562  agency or the local governmental entity shall bring a civil
  563  action against the company or other entity. If a civil action is
  564  brought and the court determines that the company or other
  565  entity submitted a false certification, the company or other
  566  entity shall pay the penalty described in subparagraph 1. and
  567  all reasonable attorney fees and costs, including any costs for
  568  investigations that led to the finding of false certification.
  569         1. A civil penalty equal to the greater of $2 million or
  570  twice the amount of the contract for which the false
  571  certification was submitted shall be imposed.
  572         2. The company or other entity is ineligible to bid on any
  573  contract with an agency or local governmental entity for 3 years
  574  after the date the agency or local governmental entity
  575  determined that the company or other entity submitted a false
  576  certification.
  577         (b) A civil action to collect the penalties described in
  578  paragraph (a) must commence within 3 years after the date the
  579  false certification is submitted.
  580         (6) Only the agency or local governmental entity that is a
  581  party to the contract may cause a civil action to be brought
  582  under this section. This section does not create or authorize a
  583  private right of action or enforcement of the penalties provided
  584  in this section. An unsuccessful bidder, or any other person
  585  other than the agency or local governmental entity, may not
  586  protest the award of a contract or contract renewal on the basis
  587  of a false certification.
  588         (7) This section preempts any ordinance or rule of any
  589  agency or local governmental entity involving public contracts
  590  for goods or services of:
  591         (a) One million dollars or more with a company or other
  592  entity engaged in scrutinized business operations.
  593         (b) One hundred thousand dollars or more Any amount with a
  594  company or other entity that has been placed on the Scrutinized
  595  Companies or Other Entities that Boycott Israel List or is
  596  engaged in a boycott of Israel.
  597         (8) The contracting prohibitions in this section applicable
  598  to companies on the Scrutinized Companies with Activities in
  599  Sudan List or the Scrutinized Companies with Activities in Iran
  600  Terrorism Sectors List or to companies engaged in business
  601  operations in Cuba or Syria become inoperative on the date that
  602  federal law ceases to authorize the states to adopt and enforce
  603  such contracting prohibitions.
  604         Section 4. This act shall take effect July 1, 2025.