HB 379 2024 CODING: Words stricken are deletions; words underlined are additions. hb0379-00 Page 1 of 5 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S A bill to be entitled 1 An act relating to public records; amending s. 2 119.071, F.S.; providing an exemption from public 3 records requirements for financial information a 4 prospective bidder must submit to an agency to 5 prequalify for bidding or for responding to a proposal 6 for certain projects; providing for future legislative 7 review and repeal of the exemption; amending s. 8 337.14, F.S.; providing an exemption from public 9 records requirements for certain financial information 10 required by administrative rule of the Department of 11 Transportation for qualification to bid; providing for 12 future legislative review and repeal of the exemption; 13 providing a statement of public necessity; providing 14 an effective date. 15 16 Be It Enacted by the Legislature of the State of Florida: 17 18 Section 1. Paragraph (c) of subsection (1) of section 19 119.071, Florida Statutes, is amended to read: 20 119.071 General exemptions from inspection or copying of 21 public records.— 22 (1) AGENCY ADMINISTRATION. — 23 (c) Any financial statement or other financial information 24 that an agency requires a prospective bidder to submit in order 25 HB 379 2024 CODING: Words stricken are deletions; words underlined are additions. hb0379-00 Page 2 of 5 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S to prequalify for bidding or for responding to a proposal for a 26 road or any other public wor ks project is exempt from s. 27 119.07(1) and s. 24(a), Art. I of the State Constitution. This 28 paragraph is subject to the Open Government Sunset Review Act in 29 accordance with s. 119.15 and shall stand repealed on October 2, 30 2029, unless reviewed and saved fr om repeal through reenactment 31 by the Legislature. 32 Section 2. Subsection (1) of section 337.14, Florida 33 Statutes, is amended to read: 34 337.14 Application for qualification; certificate of 35 qualification; restrictions; request for hearing. — 36 (1) Any contractor desiring to bid for the performance of 37 any construction contract in excess of $250,000 which the 38 department proposes to let must first be certified by the 39 department as qualified pursuant to this section and rules of 40 the department. The rules of th e department must address the 41 qualification of contractors to bid on construction contracts in 42 excess of $250,000 and must include requirements with respect to 43 the equipment, past record, experience, financial resources, and 44 organizational personnel of the applying contractor which are 45 necessary to perform the specific class of work for which the 46 contractor seeks certification. Any contractor who desires to 47 bid on contracts in excess of $50 million and who is not 48 qualified and in good standing with the depa rtment as of January 49 1, 2019, must first be certified by the department as qualified 50 HB 379 2024 CODING: Words stricken are deletions; words underlined are additions. hb0379-00 Page 3 of 5 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S and must have satisfactorily completed two projects, each in 51 excess of $15 million, for the department or for any other state 52 department of transportation. The department may limit the 53 dollar amount of any contract upon which a contractor is 54 qualified to bid or the aggregate total dollar volume of 55 contracts such contractor is allowed to have under contract at 56 any one time. Each applying contractor seeking qualification to 57 bid on construction contracts in excess of $250,000 shall 58 furnish the department a statement under oath, on such forms as 59 the department may prescribe, setting forth detailed information 60 as required on the application. Each application for 61 certification must be accompanied by audited, certified 62 financial statements prepared in accordance with generally 63 accepted accounting principles and auditing standards by a 64 certified public accountant licensed in this state or another 65 state. The audited, certified financi al statements must be for 66 the applying contractor and must have been prepared within the 67 immediately preceding 12 months. The department may not consider 68 any financial information of the parent entity of the applying 69 contractor, if any. The department may not certify as qualified 70 any applying contractor who fails to submit the audited, 71 certified financial statements required by this subsection. If 72 the application or the annual financial statement shows the 73 financial condition of the applying contractor more than 4 74 months before the date on which the application is received by 75 HB 379 2024 CODING: Words stricken are deletions; words underlined are additions. hb0379-00 Page 4 of 5 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S the department, the applicant must also submit interim audited, 76 certified financial statements prepared in accordance with 77 generally accepted accounting principles and auditing standard s 78 by a certified public accountant licensed in this state or 79 another state. The interim financial statements must cover the 80 period from the end date of the annual statement and must show 81 the financial condition of the applying contractor no more than 82 4 months before the date that the interim financial statements 83 are received by the department. However, upon the request of the 84 applying contractor, an application and accompanying annual or 85 interim financial statement received by the department within 15 86 days after either 4-month period under this subsection shall be 87 considered timely. An applying contractor desiring to bid 88 exclusively for the performance of construction contracts with 89 proposed budget estimates of less than $2 million may submit 90 reviewed annual or reviewed interim financial statements 91 prepared by a certified public accountant. The information 92 required by this subsection or by any department administrative 93 rule implementing this subsection is confidential and exempt 94 from s. 119.07(1). The departm ent shall act upon the application 95 for qualification within 30 days after the department determines 96 that the application is complete. The department may waive the 97 requirements of this subsection for projects having a contract 98 price of $500,000 or less if t he department determines that the 99 project is of a noncritical nature and the waiver will not 100 HB 379 2024 CODING: Words stricken are deletions; words underlined are additions. hb0379-00 Page 5 of 5 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S endanger public health, safety, or property. This subsection is 101 subject to the Open Government Sunset Review Act in accordance 102 with s. 119.15 and shall stand repea led on October 2, 2029, 103 unless reviewed and saved from repeal through reenactment by the 104 Legislature. 105 Section 3. The Legislature finds that it is a public 106 necessity that the financial information required by any 107 department's administrative rule which prospective bidders are 108 required to submit in order to prequalify for bidding or in 109 response to a proposal for any public works project be made 110 exempt from s. 119.07(1), Florida Statutes, and s. 24(a), 111 Article I of the State Constitution. These records may contain 112 confidential information related to bidders' financial details 113 and work product which may be used by competitors to gain an 114 unfair advantage against other bidders of public works projects. 115 Subjecting such records to public records requirements may 116 discourage otherwise qualified bidders from placing bids on 117 vital public works projects. 118 Section 4. This act shall take effect July 1, 2024. 119