The bill amends Florida Statutes to create a framework for identifying and managing investments in entities that boycott Israel. It mandates public funds to diligently identify and compile a publicly available list called the "Scrutinized Companies or Other Entities that Boycott Israel List," which must be updated quarterly. Companies identified on this list will be notified of their scrutinized status and given 90 days to cease their boycott to avoid divestment. The bill also outlines procedures for divestment from companies that do not comply after this engagement period.

Additionally, the legislation introduces new compliance requirements for grant applicants, who must certify adherence to antidiscrimination laws and prohibit antisemitic discrimination or speech. Applicants engaging in boycotts or antisemitic actions will be disqualified for a specified timeframe, and penalties will be imposed on those found in violation of their certification. The bill revises the definition of "awarding body" and increases the threshold for scrutiny of companies bidding on state contracts, while allowing for civil actions against violators. It preempts local ordinances regarding public contracts and is set to take effect on July 1, 2025.

Statutes affected:
S 1678 Filed: 215.4725, 265.286, 287.135
S 1678 c1: 215.4725, 265.286, 287.135
S 1678 c2: 215.4725, 265.286, 287.135
S 1678 er: 215.4725, 265.286, 287.135