The bill amends several sections of Florida Statutes related to the Florida Institute for Human and Machine Cognition, Inc. It shifts the authority to create subsidiaries from the Board of Governors to the board of directors of the corporation itself. Additionally, the corporation is now responsible for annually certifying compliance with state requirements to the Governor and Legislature, rather than the Board of Trustees of the University of West Florida. The bill also introduces provisions allowing the corporation and its subsidiaries to enter into affiliation agreements with other universities and clarifies that records of the corporation and its subsidiaries are public records unless exempted by law.

Further amendments include the requirement for the governing board meetings of the corporation and its subsidiaries to be open to the public, and it specifies that the articles of incorporation must ensure equal employment opportunities and prudent use of funds. The definition of "subsidiary" is updated to specify that it refers to a not-for-profit subsidiary authorized and approved by the corporation. The effective date for these changes is set for July 1, 2025.

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