(1) The Institute for Freedom in the Americas is hereby created at Miami Dade College to preserve the ideals of a free society and promote democracy in the Americas. The institute shall be located at the Freedom Tower and shall:

(a) Partner with the Adam Smith Center for Economic Freedom to hold workshops, symposiums, and conferences that provide networking opportunities for leaders throughout the region to gain new insights and ideas for promoting democracy, including knowledge of and insight into the intellectual, political, and economic freedoms that are foundational to a democratic society.

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(b) Enter into an agreement with the Adam Smith Center for Economic Freedom to provide participants with academic coursework and programs that advance democratic practices and economic and legal reforms.
(c) Provide educational and experiential opportunities for regional leaders committed to careers in democracy and governance.
(2) Miami Dade College, in accordance with s. 1004.70, shall approve a direct-support organization to support the institute in its mission to develop partnerships throughout the Americas. Notwithstanding s. 1004.70(2), the board of the direct-support organization shall be composed of five members, as follows: one member appointed by the President of the Senate; one member appointed by the Speaker of the House of Representatives; and three members appointed by the Governor, including a representative from Miami Dade College and a representative from the Adam Smith Center for Economic Freedom.