No. SB 446
Filed under Local Government.
Large-scale County Destination Marketing Organizations; Defining the term “large-scale county destination marketing organization”; requiring large-scale county destination marketing organizations to register with the Department of State; requiring a one-to-one match of private to public contributions to fund large-scale county destination marketing organizations, etc.
Plain English Summary
AI-GENERATEDCounty destination marketing organizations with a $5 million or larger annual budget must now register with the Department of State, which will list them in a public directory on its website.
These large organizations must raise one dollar of private contributions for every public dollar they receive, counting cash, service fees, cooperative advertising, and in-kind promotional support as private funds.
Money from government entities, or from groups that got more than half their revenue from public sources last year, doesn't count toward the private side of that match.
An organization that falls short must return every unmatched public dollar to the counties or municipalities that contracted with it, by June 30 each year.
AIA 'large-scale county destination marketing organization' is defined as any county destination marketing organization under s. 288.005 with an annual operating budget of $5 million or more, singling out the largest agencies for the new rules in this section.
AIA large-scale county destination marketing organization must receive one dollar of qualifying private contributions for every dollar of state and local public appropriations it receives.
AIContributions from a governmental entity, or from any entity that got more than half its revenue from public sources in the prior fiscal year, are not treated as private contributions when calculating the required match.
AIIf an organization fails to meet the one-to-one match, it must return every unmatched public dollar, by June 30 of each fiscal year, to the treasuries of the counties or municipalities that contracted with it.
AIA large-scale county destination marketing organization must register with the Department of State, and the department must publish a directory of all such organizations operating in Florida on its website.