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FL H7205
Bill
Status
5/6/2011
Primary Sponsor
Gary Aubuchon
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AI Summary
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Creates the State Economic Enhancement and Development Trust Fund within the Department of Economic Opportunity for infrastructure and job creation purposes.
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Authorizes trust fund use for transportation facilities supporting economic development, affordable housing programs, job creation incentives, workforce training, and tourism promotion and marketing.
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Establishes funding sources as documentary stamp tax proceeds, local financial support funds, interest earnings, and cash advances from other trust funds.
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Requires all fund balances to carry forward annually and remain available for trust fund purposes, exempting the fund from normal year-end reversion requirements.
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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