FL H0889

Creates section 125.595, Florida Statutes, allowing county commissioners in economically distressed counties to redirect state tax distributions or locally-imposed taxes to purposes other than originally specified, requiring a two-thirds board vote.

Defines "eligible county" as one meeting at least three of five criteria: declining property values, decreasing per capita personal income, reduced state sales tax remittance, unemployment rate exceeding 8 percent, or inclusion in a major federal disaster/emergency declaration.

Requires annual redetermination of county eligibility and limits the authority to use redirected revenues to one fiscal year at a time.

Prohibits use of this authority for revenues restricted by the State Constitution or revenues from voter-approved taxes.

Takes effect July 1, 2011.