1999 Florida Code
TITLE XI COUNTY ORGANIZATION AND INTERGOVERNMENTAL RELATIONS
Chapter 159 Bond Financing
PART V RESEARCH AND DEVELOPMENT AUTHORITIES (ss. 159.701-159.7095)
159.704 Designation by Board of Regents; procedure.
159.704 Designation by Board of Regents; procedure.--
(1) The authority shall prepare and submit to the Board of Regents a petition requesting that the authority be designated a research and development authority.
(2) The petition shall contain, but not be limited to:
(a) The resolution of the governing board of the county constituting the authority.
(b) A concept of operation of the proposed research and development park consistent with s. 159.27(7) and the purposes of ss. 159.701-159.7095.
(c) A statement of affiliation with one or more state-based, accredited, public or private institutions of higher learning with research and development capabilities.
(d) Evidence of availability of a site suitable for the projected scope of operations.
(e) Evidence of the economic feasibility of the proposed research and development park.
(f) A plan for funding the development of the proposed research and development park, including a minimum financial commitment by the authority of $50,000 in liquid assets for development purposes.
(3) Upon approval of the petition and designation as a research and development authority by the Board of Regents, the authority shall be empowered to transact any business and exercise any power authorized by ss. 159.701-159.7095 for the purposes set out in such sections.
History.--s. 4, ch. 79-101; s. 4, ch. 85-313; s. 5, ch. 88-409.
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