The bill amends existing statutes related to the Florida Institute for Human and Machine Cognition, Inc. It shifts the authority for creating corporate subsidiaries from the Board of Governors to the board of directors of the corporation. Additionally, it requires that only the articles of incorporation of the corporation be approved by the Board of Governors, rather than those of any subsidiaries. The composition of the board of directors is revised to include ten public representatives instead of nine, and it specifies that the Board of Trustees of the University of West Florida will make one appointment of a public representative to the board.

Furthermore, the bill mandates that the corporation, rather than the Board of Trustees of the University of West Florida, will certify compliance with statutory requirements to the Governor and Legislature annually. It also allows the corporation and its authorized subsidiaries to enter into affiliation agreements with other universities. The effective date for these changes is set for July 1, 2025.

Statutes affected:
S 312 Filed: 1004.447, 1004.4471, 1004.4472
S 312 c1: 1004.4471
S 312 c2: 1004.4471
S 312 er: 1004.4471