SECTION 159.704. Designation by Board of Governors of the State University System; procedure.

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1(1) 2The authority shall prepare and submit to the Board of Governors of the State University System a petition requesting that the authority be designated a research and development authority.
31(2) 32The petition shall contain, but not be limited to:
41(a) 42The resolution of the governing board of the county constituting the authority.
54(b) 55A concept of operation of the proposed research and development park consistent with s. 69159.27(7) 70and the purposes of ss. 75159.70176-77159.709578.
79(c) 80A statement of affiliation with one or more state-based, accredited, public or private institutions of higher learning with research and development capabilities.
102(d) 103Evidence of availability of a site suitable for the projected scope of operations.
116(e) 117Evidence of the economic feasibility of the proposed research and development park.
129(f) 130A plan for funding the development of the proposed research and development park, including a minimum financial commitment by the authority of $50,000 in liquid assets for development purposes.
160(3) 161Upon approval of the petition and designation as a research and development authority by the Board of Governors of the State University System, the authority shall be empowered to transact any business and exercise any power authorized by ss. 200159.701201-202159.7095 203for the purposes set out in such sections.

History.-s. 4, ch. 79-101; s. 4, ch. 85-313; s. 5, ch. 88-409; s. 18, ch. 2007-217.

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