36(2) 37Before certifying the professional golf hall of fame facility, the department must determine that:51(a) 52The professional golf hall of fame facility is the only professional golf hall of fame in the United States recognized by the PGA Tour, Inc.
77(b) 78The applicant is a unit of local government as defined in s. 90218.369 91or a private sector group that has contracted to construct or operate the professional golf hall of fame facility on land owned by a unit of local government. 119(c) 120The municipality in which the professional golf hall of fame facility is located, or the county if the facility is located in an unincorporated area, has certified by resolution after a public hearing that the application serves a public purpose.
160(d) 161There are existing projections that the professional golf hall of fame facility will attract a paid attendance of more than 300,000 annually.
184(e) 185There is an independent analysis or study, using methodology approved by the department, which demonstrates that the amount of the revenues generated by the taxes imposed under chapter 212 with respect to the use and operation of the professional golf hall of fame facility will equal or exceed $2 million annually.
236(f) 237The applicant has submitted an agreement to provide $2 million annually in national and international media promotion of the professional golf hall of fame facility, Florida, and Florida tourism, through the PGA Tour, Inc., or its affiliates, at the then-current commercial rate, during the period of time that the facility receives funds pursuant to s. 292212.20293. The department and the PGA Tour, Inc., or its affiliates, must agree annually on a reasonable percentage of advertising specifically allocated for generic Florida advertising. The department shall have final approval of all generic advertising. Failure on the part of the PGA Tour, Inc., or its affiliates to annually provide the advertising as provided in this paragraph or subsection (6) shall result in the termination of funding as provided in s. 365212.20366. 367(g) 368Documentation exists that demonstrates that the applicant has provided, is capable of providing, or has financial or other commitments to provide more than one-half of the costs incurred or related to the improvement and development of the facility.
406(h) 407The application is signed by an official senior executive of the applicant and is notarized according to Florida law providing for penalties for falsification.
868(7) 869On or before January 1, 2018, the applicant must certify and provide the Governor, the President of the Senate, and the Speaker of the House of Representatives, with a certified financial report indicating that all payments received from the state pursuant to s. 912212.20 913are being used to pay or pledge for payment of debt service on, or to fund debt service reserve funds, arbitrage rebate obligations, or other amounts payable with respect to, bonds issued for the construction, reconstruction, or renovation of the facility or for the reimbursement of such costs or the refinancing of bonds issued for such purpose.970(a) 971Such report must identify to whom the bonds were issued, in what amounts, the date of final maturity, the level of funding achieved and whether bond payments are outstanding.
1000(b) 1001If the applicant fails to certify and provide proof as required by this subsection, then all payments in accordance with this section and s. 1025212.20 1026shall cease on January 1, 2018. 1032(c) 1033If the applicant fails to meet the requirements of this subsection, no new or additional applications or certifications shall be approved, no new letters of certification may be issued, no new contracts or agreements may be executed, and no new awards may be made.
