The bill amends Florida statutes to address the issue of entities that boycott Israel, particularly in relation to public fund investment policies. It introduces a requirement for the public fund to maintain a "Scrutinized Companies or Other Entities that Boycott Israel List," which must be updated quarterly. The Department of Management Services is tasked with identifying companies under state contracts that engage in boycotts against Israel and notifying them of potential contract barring. The bill also establishes procedures for divestment from companies that continue to boycott Israel after notification, and it mandates that grant applicants certify compliance with antidiscrimination laws, prohibiting funding for those engaging in antisemitic discrimination.

Additionally, the bill sets stricter eligibility criteria for companies bidding on state contracts valued at $100,000 or more if they are on the Scrutinized Companies List. It requires state agencies to justify any cessation of investment prohibitions or divestment from scrutinized companies, with updates provided semiannually. Companies found to have submitted false certifications may face civil penalties and a three-year ineligibility for bidding on contracts. The bill also preempts local ordinances related to public contracts and specifies that contracting prohibitions will become inoperative if federal law changes. The act is scheduled 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