The bill CS/CS/HB 1519 amends various sections of Florida Statutes to strengthen the state's position against entities that boycott Israel. It introduces a definition for "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. The Department of Management Services is tasked with notifying these companies of their scrutinized status and the implications of their actions. Additionally, the bill disqualifies grant applicants who participate in boycotts or antisemitic discrimination, requiring them to certify compliance with antidiscrimination laws and establishing penalties for violations.

Moreover, the bill modifies investment prohibitions and contracting regulations, allowing public funds to divest from scrutinized entities if asset values fall below a specified threshold. It emphasizes compliance for the State University System's endowment and retirement funds with divestment requirements and enhances the certification process for grant applicants. The bill also preempts local ordinances regarding public contracts valued at one million dollars or more with scrutinized entities and sets a new threshold of one hundred thousand dollars for contracts with those on the Scrutinized Companies List. The act is scheduled 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