The bill amends Florida statutes to strengthen regulations concerning state contracts with companies that boycott Israel. It introduces a requirement for public funds to identify and maintain a "Scrutinized Companies or Other Entities that Boycott Israel List," which must be updated quarterly. The Department of Management Services will work with public funds to notify companies of potential contract prohibitions if they are found to be boycotting Israel. Additionally, the bill outlines procedures for divestment from such companies and mandates that grant applicants certify compliance with antidiscrimination laws, specifically prohibiting antisemitic discrimination or speech. Violators may face penalties, including disqualification from grants for ten years and civil penalties based on the amount of the contract.

Furthermore, the bill ensures that the endowment and retirement funds of the State University System adhere to divestment requirements related to scrutinized companies. It establishes a compliance framework for grant applicants and preempts local ordinances regarding public contracts to ensure uniform enforcement of these regulations statewide. The effective date for these provisions is set for 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