The Florida Senate

498.035  Advertising material.--

(1)  The division, by rule or order, may require the filing for approval of advertising material relating to subdivided lands prior to distribution of the material and may charge a fee for the filing pursuant to s. 498.017

(2)  The division shall require full disclosure of all pertinent information concerning a vacation or visitor campaign, including the terms and conditions of the campaign and the extent of the subdivider's participation in the campaign. The division shall further require reasonable assurances that the subdivider or his or her agent can meet the obligations imposed by the certificate program.

(3)  "Advertising" shall not include stockholder communications such as annual reports and interim financial reports, proxy materials, registration statements, securities prospectuses, applications for prospectuses, property reports, offering statements, or other documents required to be delivered to a prospective purchaser by an agency of any other state or the Federal Government.

(4)  All advertising used in connection with the offer or disposition of subdivided lands shall comply with requirements and standards adopted by the division.

History.--ss. 17, 32, ch. 79-347; ss. 2, 3, ch. 81-318; ss. 18, 33, 34, ch. 88-90; s. 4, ch. 91-429; s. 576, ch. 97-103; s. 13, ch. 97-192.