(1) This section shall be cited as the “Innovation Investment Program Act.”
(2) The Legislature finds that each state agency should be encouraged to pursue innovative investment projects which demonstrate a novel, creative, and entrepreneurial approach to conducting the agency’s normal business processes; effectuate a significant change in the accomplishment of the agency’s activities; address an important problem of public concern; and have the potential of being replicated by other state agencies. The Legislature further finds that investment in innovation can produce longer-term savings and that funds for such investment should be available to assist agencies in investing in innovations that produce a cost savings to the state or improve the quality of services delivered. The Legislature also finds that any eligible savings realized as a result of investment in innovation should be available for future investment in innovation.
(3) For purposes of this section:
(a) “Agency” means an official, officer, commission, authority, council, committee, department, division, bureau, board, section, or other unit or entity of the executive branch.
(b) “Committee” means the State Innovation Committee.
(c) “Office” means the Office of Tourism, Trade, and Economic Development within the Executive Office of the Governor.
(d) “Review board” means a nonpartisan board composed of private citizens and public employees who evaluate the projects and make funding recommendations to the committee.
(4) There is hereby created the State Innovation Committee, which shall have final approval authority as to which innovative investment projects submitted under this section shall be funded. Such committee shall be comprised of seven members. Appointed members shall serve terms of 1 year and may be reappointed. The committee shall include:
(a) The Lieutenant Governor.
(b) The director of the Governor’s Office of Planning and Budgeting.
(c) The executive director of the Agency for Enterprise Information Technology.
(d) The Chief Financial Officer.
(e) One representative of the private sector appointed by the Governor.
(f) The director of the Office of Tourism, Trade, and Economic Development.
(g) The Chair of IT Florida.com, Inc.
(5) Agencies shall submit proposed innovative investment projects to the Office of Tourism, Trade, and Economic Development by a date established and in the format prescribed by the office. Such innovative investment project proposals shall include, but not be limited to:
(a) The identification of a specific innovative investment project.
(b) The name of the agency’s innovative investment project administrator.
(c) A cost/benefit analysis which is a financial summary of how the innovative investment project will produce a cost savings for the agency or improve the quality of the public services delivered by the agency. The analysis shall include a breakdown of each project cost category, including, but not limited to: the costs associated with hiring of other-personal-services staff, re-engineering efforts, purchase of equipment, maintenance agreements, training, consulting services, travel, acquisition of information technology resources; any monetary or in-kind contributions made by the agency, another public entity, or the private sector; and available baseline data, performance measures, and outcomes as defined in s. 216.011(1).
(d) The approval of the agency head, the agency’s budget director, the agency’s inspector general or internal auditor, and, if the innovative investment project involves information technology resources, the information resource manager.
(6) Any agency developing an innovative investment project proposal that involves information technology resources may consult with and seek technical assistance from the Agency for Enterprise Information Technology. The office shall consult with the Agency for Enterprise Information Technology concerning any project proposal that involves enterprise information technology resources. The Agency for Enterprise Information Technology shall evaluate the project and advise the committee and review board of the technical feasibility and any transferable benefits of the proposed technology. In addition to the requirements of subsection (5), the agencies shall provide to the Agency for Enterprise Information Technology any information requested by the Agency for Enterprise Information Technology to aid in determining whether the proposed technology is appropriate for the project’s success.
(7) The office shall select a review board composed of private and public members. Terms of review board members shall be for 1 year beginning on a date established by the office. Review board members may serve more than one term. The board shall evaluate innovative investment projects and shall make recommendations to the committee as to which innovative projects should be considered for funding.
(8) When evaluating projects, the committee and the review board shall consider whether the innovative investment project meets the following criteria:
(a) Increases the quality of public services by the agency.
(b) Reduces costs for the agency.
(c) Involves a cooperative effort with another public entity or the private sector.
(d) Reduces the need for hiring additional employees or avoids other operating costs incurred by the agency in the future.
(9) The committee shall allocate funds based on a competitive evaluation process and award funds to agencies for innovative investment projects demonstrating quantifiable savings to the state, or improved customer service delivery.
(10) The awarded agency shall monitor and evaluate the projects to determine if the anticipated results were achieved.
(11) Funds appropriated for the Innovation Investment Program shall be distributed by the Executive Office of the Governor subject to notice, review, and objection procedures set forth in s. 216.177. The office may transfer funds from the annual appropriation as necessary to administer the program. Proposals considered but not funded by the Legislature as part of an agency legislative budget request or the Governor’s budget recommendation are not eligible to receive funding under the Innovation Investment Program.