Florida Regulations 5P-10.002: Contractor Eligibility and Contract Periods
Current as of: 2024 | Check for updates
|
Other versions
(1) Through competitive bidding pursuant to Florida Statutes Chapter 287, the department will contract with an eligible entity (i.e., Contractor) to administer the Healthy Food Financing Initiative program in accordance with Section 500.81(3)(b)1., F.S. and the criteria set forth in this chapter.
(2) The Contractor must be a:
(a) Financially Sound Nonprofit with at least ten (10) years of experience in offering financing for other Nonprofits, community development organizations, or public-serving for-profit projects and at least two (2) years of experience offering financing for projects designed to increase accessibility to healthy foods in low-income or underserved communities; and,
(b) Florida-based federally certified Community Development Financial Institution able to demonstrate the requirements listed in Sections 500.81(3)(a)1.-4., F.S.
(3) Contract periods and renewals shall be determined as funds are appropriated by the Legislature from the state’s General Revenue Fund for the purpose of this program.
Rulemaking Authority Florida Statutes § 500.81(8), 570.07(23) FS. Law Implemented Florida Statutes § 500.81. History-New 12-19-17.
Terms Used In Florida Regulations 5P-10.002
- Contract: A legal written agreement that becomes binding when signed.
(a) Financially Sound Nonprofit with at least ten (10) years of experience in offering financing for other Nonprofits, community development organizations, or public-serving for-profit projects and at least two (2) years of experience offering financing for projects designed to increase accessibility to healthy foods in low-income or underserved communities; and,
(b) Florida-based federally certified Community Development Financial Institution able to demonstrate the requirements listed in Sections 500.81(3)(a)1.-4., F.S.
(3) Contract periods and renewals shall be determined as funds are appropriated by the Legislature from the state’s General Revenue Fund for the purpose of this program.
Rulemaking Authority Florida Statutes § 500.81(8), 570.07(23) FS. Law Implemented Florida Statutes § 500.81. History-New 12-19-17.