The bill amends various sections of Florida Statutes to address entities that engage in boycotts against Israel. It introduces new definitions such as "Agency," "Boycott Israel," and "Local governmental entity," while also revising existing definitions related to companies and public funds. The legislation mandates that public funds diligently identify and compile a list of scrutinized companies involved in boycotts against Israel, updating this list quarterly. It requires public funds to report to the Board of Trustees and the Legislature on these entities and their correspondence. Additionally, the bill establishes a 90-day period for scrutinized companies to cease their boycotts to avoid divestment, with a requirement for divestment within 12 months if the boycott continues.

Moreover, the bill revises laws concerning art and cultural grants, imposing new requirements on grant applicants to certify compliance with antidiscrimination laws, including those against antisemitic discrimination and boycotts of Israel. Applicants found in violation will be disqualified from grant eligibility for ten years, and grant recipients who breach these terms will face penalties of three times the grant amount. The bill also modifies criteria for companies bidding on state contracts, raising the threshold for prohibitions to contracts of $100,000 or more, and includes penalties for false certifications regarding compliance. The act is set to take effect on July 1, 2025.

Statutes affected:
S 1678 Filed: 215.4725, 265.286, 287.135