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FL H7205

Bill

Status

Enrolled

5/6/2011

Primary Sponsor

Gary Aubuchon

Click for details

Origin

House of Representatives

2011 Regular Session

AI Summary

  • Creates the State Economic Enhancement and Development Trust Fund within the Department of Economic Opportunity for infrastructure and job creation purposes.

  • Authorizes trust fund use for transportation facilities supporting economic development, affordable housing programs, job creation incentives, workforce training, and tourism promotion and marketing.

  • Establishes funding sources as documentary stamp tax proceeds, local financial support funds, interest earnings, and cash advances from other trust funds.

  • Requires all fund balances to carry forward annually and remain available for trust fund purposes, exempting the fund from normal year-end reversion requirements.

  • Schedules the trust fund for termination on July 1, 2015, with mandatory review before termination date, and requires a three-fifths legislative vote for enactment with an effective date of July 1, 2011.

Legislative Description

State Economic Enhancement and Development TF

Last Action

Ordered engrossed, then enrolled -HJ 1965

5/6/2011

Full Bill Text

No bill text available