Section 57-70.001 - Operational Procedures(1) In case of conflict regarding the powers and duties of Space Florida, the Florida Constitution shall govern over the controlling statute, the controlling statute shall govern over the rules, the rules shall govern over the internal governance policies, and the internal governance policies shall govern over the internal organizational policies and procedures of Space Florida.(2) The Board shall adopt an operating budget for each fiscal year. The President or designated Standing Committee shall be responsible for presenting a proposed budget to the Board. The budget may be amended by the Board.(3) The President, Chief Financial Officer of Space Florida, or their designees, shall have the authority to enter into contracts as the Board may approve, or as approved by the Board through the enactment of policies pertaining to matters of procurement and program delivery. The Board is authorized to empower any other officer or officers, agent or agents, to enter into any contracts or execute and deliver any instrument in the name of and on behalf of Space Florida, and such authority may be general or confined to specific instances.(4) No loans shall be contracted on behalf of Space Florida and no evidence of indebtedness shall be issued in its name unless authorized by resolution of the Board. Loans, other than through the purchase of bonds, debentures, or similar obligations of the type customarily sold in public offerings, or through ordinary deposit of funds in a bank, may not be made by Space Florida to the members of the Board, officers or employees or to any other corporation, firm, association or other entity in which one or more of the members, officers or employees is a member, officer or employee or a beneficial owner of 10 percent or more of such entity.(5) All checks, drafts or other orders for the payment of money, notes or other evidences of indebtedness issued in the name of Space Florida shall be signed by such officer or officers, agent or agents, of Space Florida and in such manner as shall from time to time be determined by resolution of the Board.Fla. Admin. Code Ann. R. 57-70.001
Rulemaking Authority 331.310(1)(j) FS. Law Implemented 331.310(2)(a), 331.310(2)(f) FS.