Economic Development
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SB 196 — Economic Development
Last action — Laid on Table, companion bill(s) passed, see CS/HB 141 (Ch. 2024-203)
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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2In Committee
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3Passed Senate
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4Passed House
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5To Executive
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6Enacted
This bill died with 2024 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Economic Development; Deleting the requirement that certain grants received by a regional economic development organization must be matched in a certain manner; removing a provision requiring a certain consideration; removing certain demonstration requirements of program applicants, etc.
Bill Text
What changed in the latest version
90 added · 66 removed90 line(s) added, 66 removed.
Florida Senate - 2024 CS for SB 196 By Senatorthe SimonAppropriations 3-00486-24Committee 2024196__on ATransportation, billTourism, toand beEconomic entitledDevelopment; An act relating to the Regional Rural Development Grants Program;
and Senator Simon 606-02048-24 2024196c1 A bill to be entitled An act relating to economic development;
reenacting s.
288.8013(3), F.S.;
carrying forward the authority of Triumph Gulf Coast, Inc., to retain earnings generated by investments and interest earned;
Notwithstanding the expiration and reversion in section 65 of chapter 2023-240, Laws of Florida, subsection (3) of section 288.8013, Florida Statutes, is reenacted to read:
288.8013 Triumph Gulf Coast, Inc.;
creation;
funding;
investment.— (3) Triumph Gulf Coast, Inc., shall establish a trust account at a federally insured financial institution to hold funds received from the Triumph Gulf Coast Trust Fund and make deposits and payments.
Triumph Gulf Coast, Inc., may invest surplus funds in the Local Government Surplus Funds Trust Fund, pursuant to s.
218.407.
Earnings generated by investments and interest of the fund may be retained and used to make awards pursuant to this act or, notwithstanding paragraph (2)(d), for administrative costs, including costs in excess of the cap.
Page 1 of 3 CODING:
Words stricken are deletions;
words underlined are additions.
Florida Senate - 2024 CS for SB 196 606-02048-24 2024196c1 Administrative costs may include payment of travel and per diem expenses of board members, audits, salary or other costs for employed or contracted staff, including required staff under s.
288.8014(9), and other allowable costs.
The annual salary for any employee or contracted staff may not exceed $130,000, and associated benefits may not exceed 35 percent of salary.
Section 2.
Matching Grants may also be used by a regional economic development organization to provide technical assistance to local governments, local economic development organizations, and existing and prospective Pagebusinesses. 1 of 3 CODING:
Words stricken are deletions;
words underlined are additions.
Florida Senate - 2024 SB 196 3-00486-24 2024196__ businesses.
The maximum amount an organization may receive in any year will be $50,000, or $250,000Page for2 any three regional economic development organizations that serve an entire region of a3 ruralCODING: area of opportunity designated pursuant to s.
Words stricken are deletions;
words underlined are additions.
Florida Senate - 2024 CS for SB 196 606-02048-24 2024196c1 $250,000 for any three regional economic development organizations that serve an entire region of a rural area of opportunity designated pursuant to s.
(c)(e) Demonstration of the manner in which the organization is or will coordinate its efforts with those of Pageother 2local ofand 3state CODING:organizations.
WordsSection stricken3. are deletions;
words underlined are additions.
Florida Senate - 2024 SB 196 3-00486-24 2024196__ other local and state organizations.
Section 2.
View plain text versions (2)
- S 196 c1 View text Current pdf
- Introduced S 196 Filed pdf
Action History
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Laid on Table, companion bill(s) passed, see CS/HB 141 (Ch. 2024-203)
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Substituted CS/HB 141
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Read 2nd time
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Placed on Special Order Calendar, 03/04/24
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Placed on Calendar, on 2nd reading
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Favorable by- Fiscal Policy; YEAS 17 NAYS 0
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On Committee agenda-- Fiscal Policy, 02/15/24, 12:00 pm, 412 Knott Building
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CS by Appropriations Committee on Transportation, Tourism, and Economic Development read 1st time
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Now in Fiscal Policy
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Pending reference review under Rule 4.7(2) - (Committee Substitute)
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CS by Appropriations Committee on Transportation, Tourism, and Economic Development; YEAS 6 NAYS 0
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Introduced
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On Committee agenda-- Appropriations Committee on Transportation, Tourism, and Economic Development, 01/11/24, 1:00 pm, 110 Senate Building
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Now in Appropriations Committee on Transportation, Tourism, and Economic Development
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Favorable by Commerce and Tourism; YEAS 6 NAYS 0
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On Committee agenda-- Commerce and Tourism, 12/05/23, 2:00 pm, 110 Senate Building
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Referred to Commerce and Tourism; Appropriations Committee on Transportation, Tourism, and Economic Development; Fiscal Policy
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Filed
Sponsors
- Corey Simon · Primary
- Appropriations Committee on Transportation, Tourism, and Economic Development · Primary
Sponsorship breakdown
Export CSV (upgrade) →2 sponsors · 0 co-sponsors · 162 not signed on
Sponsors (2)
- Simon, Corey Republican
- Appropriations Committee on Transportation, Tourism, and Economic Development
Co-sponsors (0)
None.
Not signed on (162)
162 members have not signed on to this bill.
Show all 162 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 10 | 0 | 0 | 2 |
| Democrat | 2 | 0 | 0 | 1 |
| Unaffiliated | 5 | 0 | 0 | 0 |
| Total | 17 | 0 | 0 | 3 |
| % of votes cast | 85% | 0% | 0% | 15% |
How each member voted (20)
| Member | Party | Vote |
|---|---|---|
| Collins | — | Yea |
| Torres | — | Yea |
| Stewart | — | Yea |
| Hutson | — | Yea |
| Thompson, Geraldine F. "Geri" | — | Yea |
| Berman, Lori | Democrat | Yea |
| Jones, Shevrin D. "Shev" | Democrat | Not Voting |
| Osgood, Rosalind | Democrat | Yea |
| Albritton, Ben | Republican | Yea |
| Boyd, Jim | Republican | Yea |
| Burton, Colleen | Republican | Yea |
| Calatayud, Alexis | Republican | Yea |
| DiCeglie, Nick | Republican | Not Voting |
| Garcia, Ileana | Republican | Yea |
| Mayfield, Debbie | Republican | Yea |
| Rodriguez, Ana Maria | Republican | Yea |
| Simon, Corey | Republican | Yea |
| Trumbull, Jay | Republican | Yea |
| Wright, Tom A. | Republican | Yea |
| Yarborough, Clay | Republican | Not Voting |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 4 | 0 | 0 | 1 |
| Unaffiliated | 2 | 0 | 0 | 0 |
| Total | 6 | 0 | 0 | 1 |
| % of votes cast | 86% | 0% | 0% | 14% |
How each member voted (7)
| Member | Party | Vote |
|---|---|---|
| Stewart | — | Yea |
| Thompson, Geraldine F. "Geri" | — | Yea |
| DiCeglie, Nick | Republican | Yea |
| Hooper, Ed | Republican | Yea |
| Trumbull, Jay | Republican | Yea |
| Wright, Tom A. | Republican | Yea |
| Yarborough, Clay | Republican | Not Voting |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 4 | 0 | 0 | 0 |
| Unaffiliated | 2 | 0 | 0 | 0 |
| Total | 6 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (6)
| Member | Party | Vote |
|---|---|---|
| Stewart | — | Yea |
| Torres | — | Yea |
| Gruters, Joe | Republican | Yea |
| Rodriguez, Ana Maria | Republican | Yea |
| Trumbull, Jay | Republican | Yea |
| Wright, Tom A. | Republican | Yea |
Subjects
Frequently asked questions
- What does SB 196 do?
- Economic Development; Deleting the requirement that certain grants received by a regional economic development organization must be matched in a certain manner; removing a provision requiring a certain consideration; removing certain demonstration requirements of program applicants, etc.
- Who sponsors SB 196?
- SB 196 is sponsored by Simon, Corey (Republican) and Appropriations Committee on Transportation, Tourism, and Economic Development.
- What is the current status of SB 196?
- This bill died with 2024 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track SB 196?
- Track SB 196 free on One Click Politics — get push/email alerts when it moves.
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