FL H1391

Creates the Space Business Investment and Financial Services Trust Fund within the Office of Tourism, Trade, and Economic Development in the Executive Office of the Governor

Fund shall provide investment and financial services to new, expanding, and relocating space businesses, programs, and projects in Florida per section 331.370, Florida Statutes, but cannot be used for Space Florida personnel, administrative, or overhead expenses

Funded by all state sales tax on tangible personal property, admissions, and leasing or licensing of real property generated by dealers at Kennedy Space Center and Cape Canaveral Air Force Station, with dealers required to file monthly segregated tax returns to the Department of Revenue

Fund balances at end of fiscal year carry forward and remain available for trust fund purposes, notwithstanding general budget rules

Trust fund terminates July 1, 2014 unless terminated sooner, subject to review per section 215.3206, Florida Statutes; takes effect July 1, 2010 if HB 1389 or similar legislation is enacted and requires three-fifths vote of both houses