EXECUTIVE OFFICE OF THE GOVERNOR
Office of Tourism, Trade and Economic DevelopmentRULE NO: RULE TITLE
27M-3.001: Definition and Forms
27M-3.002: Competitive Application Process
27M-3.003: Certification Decision and Allocation PolicyNOTICE OF CHANGE
Notice is hereby given that the following changes have been made to the proposed rule in accordance with subparagraph 120.54(3)(d)1., F.S., published in Vol. 34 No. 9, February 29, 2008 issue of the Florida Administrative Weekly.
27M-3.001 Definitions and Forms.
As used in this Rule Chapter 27M-3, F.A.C., the following capitalized terms have the meanings indicated. All referenced forms are available on the internet at http://www.flgov.com/florida_bbibor may be obtained from the Office.
(1) through (3) No change
(4) “Application” means the standard “Application for Certification as Eligible Recipient of Funds under the Black Business Loan Program” form OTTED 7102-1 (6/08), which is hereby incorporated by reference.
(5) “Application Evaluation Form” means the standard “Black Business Loan Program Application Evaluation” form OTTED 7102-2 (6/08), which is hereby incorporated by reference.
(6) through (7) No change.
(8) “Certification and Allocation Decision Form” means the standard “Black Business Loan Program Certification Decision” form OTTED 7102-4 (6/08), which is hereby incorporated by reference.
(9) through (11) No change.
(12) “Recipient” means an Applicant that, after a certification process, the Office certifies to receive Program funds and that enters into an Agreement with the Office.
(13) “Summary Recommendation Form” means standard “Black Business Loan Program Summary Recommendation” form OTTED 7102-3 (6/08), which is hereby incorporated by reference.
Specific Authority 288.7102(6)(a) FS. Law Implemented 288.7094(2), 288.7102 FS. History–New_________.
27M-3.002 Application Process.
(1) through (4) No change.
(5) Within thirty (30) days after the close of the Application Period, the Board shall deliver to the Office the completed Summary Recommendation Form along with (a) the original and one copy of each Application and its related Application Evaluation Form and (b) the names and organizational affiliations of all persons who participated in the evaluation process.
Specific Authority 288.7102(6)(a) FS. Law Implemented 288.7094(2), 288.7102 FS. History–New_________.
27M-3.003 Certification Decision.
(1) Within ten (10) business days after receiving the Summary Recommendation Form and supporting materials, the Office shall decide which Applicants to certify as Recipients. The Office shall consider the following factors: the Board’s recommendations, which shall not be binding; the amount of documented match raised; and the Applicant’s past performance.
(2) The Office shall transmit its completed Certification Decision Form to the Board, and explain any differences with the Board’s recommendations. The Office shall also issue a letter to each Applicant certified as a Recipient of program funds. Receipt of Program funds shall be conditioned upon their appropriation and availability, and upon the Recipient’s execution of the Agreement. The Office shall notify in writing each Applicant whose Application is denied. The Office’s certification decisions shall be subject to review under Chapter 120 of the Florida Statutes.
Specific Authority 288.7102(6)(a) FS. Law Implemented 288.7094(2), 288.7102 FS. History–New_________.
