FL S2476

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 receives nonrecurring appropriations from the General Revenue Fund as specified in CS for SB 2500 or similar legislation from the 2010 legislative session, plus any recurring revenues specified in law

Moneys used exclusively to provide investment and financial services to new, expanding, and relocating space businesses, programs, and projects in Florida pursuant to s. 331.3051 and s. 331.305, Florida Statutes

Fund prohibits use for personnel, administrative, or overhead expenses of Space Florida, except for costs directly associated with fund administration and reporting

Trust fund balance carries forward at the end of each fiscal year; fund terminates July 1, 2014, unless reviewed and re-created earlier