FL H7213

Creates the Florida Infrastructure Fund Partnership as a private limited partnership managed by the Florida Opportunity Fund to raise investment capital and invest in infrastructure projects statewide, with total principal investments capped at $350 million.

Establishes the Florida Infrastructure Investment Trust to issue certificates to investment partners that are redeemable for state tax credits worth up to $350 million total, contingent on the partnership's performance.

Allows investment partners to elect at the partnership's maturity date to receive a tax credit, have their certificate sold by the trust, or maintain their investment; tax credits may be applied against state sales, corporate income, or insurance premium taxes within 7 years.

Limits annual tax credit claims to $87.5 million multiplied by a fraction based on individual credit amounts, and restricts partnerships from investing with companies on state scrutiny lists or more than 20 percent of capital in any single project.

Requires the partnership to submit annual reports detailing investment activities, job creation, and benefits to the state; prohibits pledging state credit or taxing power; and exempts certificates and tax credits from securities regulations.