288.714 Quarterly and annual reports. - Florida Statutes

288.714 Quarterly and annual reports.

   (1) Each recipient of state funds under s. 288.7102 shall provide to the office a quarterly report within 15 days after the end of each calendar quarter that includes a detailed summary of the recipient’s performance of the duties imposed by s. 288.7102, including, but not limited to:

   (a) The dollar amount of all loans or loan guarantees made to black business enterprises, the percentages of the loans guaranteed, and the names and identification of the types of businesses served.

   (b) Loan performance information.

   (c) The amount and nature of all other financial assistance provided to black business enterprises.

   (d) The amount and nature of technical assistance provided to black business enterprises, including technical assistance services provided in areas in which such services are otherwise unavailable.

   (e) A balance sheet for the recipient, including an explanation of all investments and administrative and operational expenses.

   (f) A summary of all services provided to nonblack business enterprises, including the dollar value and nature of such services and the names and identification of the types of businesses served.

   (g) Any other information as required by policies adopted by the office.

   (2) The office must compile a summary of all quarterly reports and provide a copy of the summary to the board within 30 days after the end of each calendar quarter that includes a detailed summary of the recipient’s performance of the duties imposed by s. 288.7102.

   (3) By August 31 of each year, the office shall provide to the Governor, the President of the Senate, and the Speaker of the House of Representatives a detailed report of the performance of the Black Business Loan Program. The report must include a cumulative summary of quarterly report data required by subsection (1).

   (4) By August 31 of each year, the board shall provide to the Governor, the President of the Senate, and the Speaker of the House of Representatives a detailed report of the board’s performance, including:

   (a) A description of the strategies implemented by the board to increase private investment in black business enterprises.

   (b) A summary of the board’s performance of its duties under ss. 288.707-288.712.

   (c) The most recent 5-year projection of the need for capital by black business enterprises.

   (d) Recommendations for legislative or other changes to enhance the development and expansion of black business enterprises in the state.

   (e) A projection of the program’s activities during the next 12 months.

History. s. 20, ch. 85-104; s. 4, ch. 89-352; s. 66, ch. 96-320; s. 8, ch. 2002-180; s. 5, ch. 2003-268; s. 15, ch. 2007-157; s. 7, ch. 2010-39.