The bill CS/CS/HB 1519 amends various sections of Florida Statutes to address the issue of entities that boycott Israel. It defines "boycott Israel" and mandates the public fund to compile and maintain a list of scrutinized companies engaging in such boycotts, with a requirement to update this list quarterly and report findings to the Board of Trustees and the Legislature. The Department of Management Services is also tasked with notifying these companies of their scrutinized status. Additionally, the bill disqualifies grant applicants involved in boycotts or antisemitic discrimination, requiring them to certify compliance with anti-discrimination laws, and establishes penalties for violations.

Moreover, the bill introduces provisions regarding investment prohibitions and contracting with scrutinized companies, particularly those on the Scrutinized Companies that Boycott Israel List. It allows public funds to cease investment prohibitions if asset values fall below a specified threshold and mandates compliance with divestment requirements for state university endowment and retirement funds. The bill also modifies the threshold for contracts with scrutinized companies from "any amount" to "one hundred thousand dollars or more" and preempts local ordinances concerning public contracts valued at one million dollars or more. It establishes a three-year statute of limitations for civil actions related to false certifications in public contracts and is set to take effect on July 1, 2025.

Statutes affected:
H 1519 Filed: 215.4725, 265.286, 287.135
H 1519 c1: 215.4725, 265.286, 287.135
H 1519 c2: 215.4725, 265.286, 287.135