Bill Text: FL S0934 | 2012 | Regular Session | Introduced

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Bill Title: Space Florida

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2012-03-09 - Died in Military Affairs, Space, and Domestic Security [S0934 Detail]

Download: Florida-2012-S0934-Introduced.html

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       Florida Senate - 2012                                     SB 934
       
       
       
       By Senator Bogdanoff
       
       
       
       
       25-00492-12                                            2012934__
    1                        A bill to be entitled                      
    2         An act relating to Space Florida; amending s. 216.181,
    3         F.S.; providing an exemption for Space Florida from
    4         certain limitations on financial advances authorized
    5         in the General Appropriations Act or other law;
    6         providing an effective date.
    7  
    8  Be It Enacted by the Legislature of the State of Florida:
    9  
   10         Section 1. Paragraph (b) of subsection (16) of section
   11  216.181, Florida Statutes, is amended to read:
   12         216.181 Approved budgets for operations and fixed capital
   13  outlay.—
   14         (16)
   15         (b) Any agency, or the judicial branch, that has been
   16  authorized by the General Appropriations Act or expressly
   17  authorized by other law to make advances for program startup or
   18  advances for contracted services, in total or periodically,
   19  shall limit such disbursements to other governmental entities
   20  and not-for-profit corporations. The amount that may be advanced
   21  shall not exceed the expected cash needs of the contractor or
   22  recipient within the initial 3 months. Thereafter, disbursements
   23  shall only be made on a reimbursement basis. Any agreement that
   24  provides for advancements may contain a clause that permits the
   25  contractor or recipient to temporarily invest the proceeds,
   26  provided that any interest income shall either be returned to
   27  the agency or be applied against the agency’s obligation to pay
   28  the contract amount. This paragraph does not constitute lawful
   29  authority to make any advance payment not otherwise authorized
   30  by laws relating to a particular agency or general laws relating
   31  to the expenditure or disbursement of public funds. The Chief
   32  Financial Officer may, after consultation with the legislative
   33  appropriations committees, advance funds beyond a 3-month
   34  requirement if it is determined to be consistent with the intent
   35  of the approved operating budget. The limitations of this
   36  paragraph do not apply to Space Florida.
   37         Section 2. This act shall take effect upon becoming a law.