The proposal from Rep. Carl Domino, R-Jupiter, would require the Joint Legislative Auditing Committee to investigate the application for an economic incentive package that Wyndcrest Holdings submitted to Gov. Charlie Crist’s office.

Wyndcrest owns Digital Domain, a special effects company that has won awards for its work but also lost millions of dollars in 2008. It’s application is not considered a public record.

The bill would require the committee to review the vetting process from Crist’s Office of Tourism, Trade and Economic Development and determine whether the office’s questions “were answered truthfully.”

Domino hopes the legislature will take up the bill during a special session devoted to passenger rail issues scheduled to start Thursday. At this point, he would need a unanimous vote from the House and Senate to waive the rules and take up the bill.

Read the draft of Domino’s bill here.

State Rep. Carl Domino, R-Jupiter, has asked Gov. Charlie Crist’s office to stop payment on a $20 million cash incentive awarded to an animation company hoping to open a Port St. Lucie studio, according to a letter obtained Thursday by The Palm Beach Post.

Domino, an investment manager, said the state’s money was at “significant risk” with Wyndcrest Holdings, the parent company of Digital Domain, a private California-based studio that specializes in movie effects.

Domino lost money in an investment deal with Wyndcrest CEO John Textor about 12 years ago, but Domino said the letter to Crist was not retribution. He also acknowledged he had not read the company’s application for the money. While the records are confidential, lawmakers can receive a briefing about specific economic development projects.

Rest of the story here.

Domino’s letter is here. The full response from Wyndcrest Holdings, the company that was awarded the money, is here.