(1)(a) There is established the Florida Timesharing, Vacation Club, and Hospitality Program. The primary purpose of this program is to provide the opportunity for a public-private partnership between the state and the timeshare, vacation club, hospitality, and tourism industries affecting this state.
(b) In conducting the program, the director, or the director’s designee, shall:
1. Solicit research and educational projects and proposals from the timeshare, vacation club, hospitality, and tourism industries;
2. Consult with the Florida chapter of the American Resort Development Association (ARDA-Florida), the Chancellor of the State University System, or the chancellor’s designee; and
3. Assist in the preparation of appropriate reports produced by the program partnership.
(c) The director may designate funds from the Division of Florida Condominiums, Timeshares, and Mobile Homes Trust Fund, not to exceed $50,000 annually, to support the projects and proposals undertaken pursuant to paragraph (b). All state trust funds to be expended pursuant to this section must be matched equally with private moneys and shall comprise no more than half of the total moneys expended annually.
(2) The division is authorized to adopt, amend, and repeal rules prescribing criteria for processing and approval of project applications.
History.—s. 28, ch. 95-274; s. 13, ch. 97-93; s. 905, ch. 97-102; s. 72, ch. 99-5; s. 70, ch. 2008-240.
Structure Florida Statutes
Title XL - Real and Personal Property
Chapter 721 - Vacation and Timeshare Plans
Part I - Vacation Plans and Timesharing (Ss. 721.01-721.32)
721.056 - Supervisory duties of developer.
721.06 - Contracts for purchase of timeshare interests.
721.065 - Resale purchase agreements.
721.07 - Public offering statement.
721.075 - Incidental benefits.
721.09 - Reservation agreements; escrows.
721.11 - Advertising materials; oral statements.
721.111 - Prize and gift promotional offers.
721.12 - Recordkeeping by seller.
721.121 - Recordkeeping by resale service providers and lead dealers.
721.125 - Termination of timeshare plans.
721.1255 - Extension of timeshare plans.
721.14 - Discharge of managing entity.
721.15 - Assessments for common expenses.
721.17 - Transfer of interest; resale transfer agreements.
721.205 - Resale service providers; disclosure obligations.
721.21 - Purchasers’ remedies.
721.26 - Regulation by division.
721.27 - Annual fee for each timeshare unit in plan.
721.28 - Division of Florida Condominiums, Timeshares, and Mobile Homes Trust Fund.
721.301 - Florida Timesharing, Vacation Club, and Hospitality Program.