The bill amends section 409.987 of the Florida Statutes, which pertains to lead agency procurement and the requirements for entities wishing to serve as lead agencies. Specifically, it revises the criteria that must be met, particularly in the area of financial responsibility. The updated language requires entities to demonstrate financial responsibility through an organized plan for regular fiscal audits and the posting of a performance bond.

Notably, the bill removes the requirement for entities to post a fidelity bond to cover costs associated with reprocurement and penalties related to conflicts of interest. This change simplifies the financial obligations for lead agencies while still ensuring accountability through audits and performance bonds. The act is set to take effect upon becoming law.

Statutes affected:
H 6045 Filed: 409.987