FL H0955

Amends s. 212.20, F.S. to allow sales tax proceeds to be distributed to performing arts centers certified under the new s. 288.163 as an alternative to sports franchise facilities, with distributions not to exceed $166,667 monthly per applicant.

Creates s. 288.163 establishing certification procedures for performing arts centers (facilities with theaters of 3,500 or fewer seats, owned and operated by units of local government) through the Office of Tourism, Trade, and Economic Development.

Requires certification applicants to demonstrate: local government ownership/operation, projected annual paid attendance exceeding 150,000, economic impact exceeding $60 million over 30 years, applicant funding of more than one-half of improvement costs, and local government resolution certifying public purpose.

Limits performing arts center certifications to two facilities beginning fiscal year 2012-2013 and eight facilities beginning fiscal year 2015-2016; denies additional applications from previously certified applicants.

Restricts certified center funding to acquisition, construction, renovation, capital improvements, maintenance, debt service payments, and refinancing costs; authorizes Department of Revenue to conduct audits and recover funds if not expended as required.