27M-3.001: Definitions and Forms
PURPOSE AND EFFECT: To update forms used in conjunction with the Black Business Loan Program pursuant to Section 288.7102, F.S.
SUMMARY: Updates and implements editorial changes to the forms utilized by the Black Business Loan Program.
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.
Based on analysis from the agency, the changes to the forms conform them to statutory and regulatory provisions and would not have an impact on small business or the private sector, the rule is not expected to require legislative ratification.
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: 288.7102(7) FS.
LAW IMPLEMENTED: 288.7102 FS.
IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE SCHEDULED AND ANNOUNCED IN THE FAW.
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Michelle Dennard, Office of Tourism, Trade, and Economic Development, Suite 1902, The Capitol, Tallahassee, Florida 32399, (850)487-2568, michelle.dennard@eog.myflorida.com
THE FULL TEXT OF THE PROPOSED RULE IS:
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/otted_home or may be obtained from the Office.
(1) No change.
(2)“Agreement” means the standard “Black Business Loan Program Recipient Agreement” form OTTED 7102-5 (1/11) (5/10) which is hereby incorporated by reference.
(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 (1/11) (5/10) which is hereby incorporated by reference.
(5) “Application Evaluation Form” means the standard “Black Business Loan Program Application Evaluation” form OTTED 7102-2 (1/11) (5/10) which is hereby incorporated by reference.
(6) “Application Period” means the annual period during which Applicants may submit Applications, which shall be May 1 through June 1 (or the next business day) of each year in which there is a legislative appropriation to fund the Program.
(7) “Certification Decision Form” means the standard “Black Business Loan Program Certification and Allocation Decision” form OTTED 7102-4 (1/11) (5/10).
(8) “Eligible” means that an Applicant has demonstrated satisfaction of each of the requirements specified in section 288.7102(4), F.S.
(9) “Existing Recipient” means an Applicant that, after a certification process, the Office certified to receive Program funds for the previous year and that entered into an Agreement with the Office.
(10) “New Recipient” means an Applicant that the Office did not certify for the previous year.
(11) “Office” means the Office of Tourism, Trade and Economic Development, whose address is Suite 1902, The Capitol, 402 S. Monroe Street, Tallahassee, Florida 32399.
(12) “Program” means the Black Business Loan Program established by Section 288.7102, F.S.
(13) “Recipient” means an Applicant that, after a competitive certification process, the Office certifies to receive Program funds and that enters into an Agreement with the Office.
(14) “Summary Recommendation Form” means the standard “Black Business Loan Program Summary Recommendation” form OTTED 7102-3 (1/11) (5/10) which is hereby incorporated by reference.
Rulemaking Authority 288.7102(7) FS. Law Implemented 288.7094(2), 288.7102 FS. History–New 9-1-08, Amended________.