FL H0549

Requires the Department of Revenue to distribute $1 annually to performing arts centers certified under the new section 288.163, beginning 60 days after certification and continuing for up to 30 years.

Creates section 288.163 establishing the Office of Tourism, Trade, and Economic Development as the certifying authority for performing arts centers, with power to approve or deny applications based on specified criteria.

Sets certification requirements including: proof of public or nonprofit ownership/operation, projections of 150,000+ annual paid attendance, independent analysis showing $60 million economic impact over 30 years, applicant providing more than half of improvement costs, and local government resolution certifying public purpose.

Limits the number of certifiable facilities to two through fiscal year 2014-2015 and eight beginning fiscal year 2015-2016; denies additional certifications to any previously certified applicant.

Restricts use of distributed funds to acquisition, construction, renovation, capital improvements, maintenance of the performing arts center or ancillary facilities, and debt service on bonds issued January 1, 2009 or later for such purposes.