FL S0980

Authorizes charter counties to increase the convention development tax rate from 3 percent to 4 percent on transient rental accommodations.

Requires that proceeds from a 4 percent levy be allocated as follows: one-half for extending and improving the largest existing publicly owned convention center; one-fourth for constructing a new multipurpose convention/coliseum/exhibition center in the most populous municipality; and one-fourth for operating and maintaining the largest existing convention center.

Specifies that the one-fourth allocation for convention center operations and maintenance cannot be used for debt service on bonds related to the one-half and one-fourth allocations.

Allows charter county convention development tax revenues to be used as collateral or pledged for bonds, and as capital contributions for partnerships and joint ventures related to authorized projects.

Makes technical and grammatical changes throughout the statute to clarify language and modernize terminology.