(1) As used in this section, the term:(a) “Controlling interest” means possession of the power to direct or cause the direction of the management or policies of a company, whether through ownership of securities, by contract, or otherwise. A person or an entity that directly or indirectly has 25 percent or more of the voting interests of a company or is entitled to 25 percent or more of its profits is presumed to possess a controlling interest.
(b) “Foreign country of concern” means the People’s Republic of China, the Russian Federation, the Islamic Republic of Iran, the Democratic People’s Republic of Korea, the Republic of Cuba, the Venezuelan regime of Nicolás Maduro, or the Syrian Arab Republic, including any agency of or any other entity of significant control of such foreign country of concern.
(2) On or after July 1, 2025, a governmental entity may not knowingly enter into or renew a contract with a contracting vendor of a school bus infraction detection system, speed detection system, traffic infraction detector, or any other camera system used for enforcing this chapter which is subject to s. 316.0076 if:(a) The contracting vendor is owned by the government of a foreign country of concern; or
(b) The government of a foreign country of concern has a controlling interest in the contracting vendor.
