DEPARTMENT OF ECONOMIC OPPORTUNITY
Division of Strategic Business Development
RULE NO.:RULE TITLE:
73A-2.005Professional Sports Franchises
NOTICE OF CORRECTION
Notice is hereby given that the following correction has been made to the proposed rule in Vol. 40, No. 38, February 25, 2014 issue of the Florida Administrative Register.
PURPOSE AND EFFECT: This Rule will administer Section 288.1162, F.S. The Department of Economic Opportunity is mandated to develop rules for the receipt and processing of applications for funding under Section 212.20, F.S. This Rule provides guidance to those applying for certification to receive funding as a facility for a new or retained professional sports franchise.
SUMMARY OF THE RULE: This Rule provides guidance to applicant’s by supplying necessary timelines and processes when applying for state funding under the statute.
SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS AND LEGISLATIVE RATIFICATION: The agency has determined that this will not have an adverse impact on small business or likely increase directly or indirectly regulatory costs in excess of $200,000 in the aggregate within one year after the implementation of the rule. A SERC has not been prepared by the agency.
The Agency has determined that the proposed rule is not expected to require legislative ratification based on the statement of estimated regulatory costs, or if no SERC is required, the information expressly relied upon and described herein: The agency has performed a review of the statutory requirements and has determined that its proposed Rule 73A-2.005, F.A.C., has no adverse impact or regulatory costs which exceed any of the criteria established in Section 120.541(2)(a), Florida Statutes. The rules are therefore expected be able to take effect without the need of being ratified by the Legislature.
Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.
Rulemaking Authority 288.1162(2) FS. Law Implemented 212.20(6)(d)6.b. (5)6.b., 288.1162 FS.
