FL S1716

Allocates no less than 1.5 percent of contracted construction funds for Department of Transportation projects, with 1 percent designated for priority projects identified by the Trade Infrastructure Investment Steering Committee beginning in fiscal year 2016-2017.

Redirects unencumbered landscaping funds to priority projects identified by the Trade Infrastructure Investment Steering Committee on January 1 and June 30 of each fiscal year.

Requires the department to reallocate at least 60 percent of cost savings from project procurement to priority projects identified by the Trade Infrastructure Investment Steering Committee, reviewed quarterly starting each fiscal year.

Mandates the department deposit no less than $20 million annually into the State Infrastructure Bank beginning in fiscal year 2013-2014, with conditional deposits in 2011-2012 and 2012-2013 if revenue estimates for the State Transportation Trust Fund increase.

Takes effect July 1, 2011, contingent upon the adoption of substantially similar Senate Bill legislation in the same legislative session.