The bill amends section 1004.447 of the Florida Statutes to transfer the authority to create subsidiaries of the Florida Institute for Human and Machine Cognition, Inc. from the Board of Governors to the corporation's board of directors. It also revises the approval process for the articles of incorporation, which now only requires approval from the board of directors rather than both the board of directors and the Board of Governors. Additionally, the composition of the board of directors is modified, increasing the number of public representatives from nine to ten and removing the chair of the Board of Trustees of the University of West Florida from the board. The bill mandates that the corporation, rather than the Board of Trustees, will certify compliance with specified requirements to the Governor and the Legislature.

Furthermore, the bill amends section 1004.4471 to allow the corporation and its authorized subsidiaries to enter into affiliation agreements with other public or private universities. The effective date for this act is set for July 1, 2025.

Statutes affected:
H 179 Filed: 1004.447, 1004.4471, 1004.4472
H 179 c1: 1004.4471