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FL S0342
Bill
AI Summary
- Changes H. Lee Moffitt Cancer Center funding from 1.47 percent of net cigarette tax collections to 4.88 percent, effective July 1, 2013 through June 30, 2045
- Expands allowable uses of cigarette tax funds to include operating, maintaining, and financing cancer research and clinical facilities, as well as other properties owned or leased by the center
- Authorizes the Board of Directors to use transferred funds to secure financing, including tax-exempt bonds and other forms of indebtedness, for facility construction, equipment, and operations
- Provides legislative intent that the Legislature will fund any debt service deficit if the cigarette tax is amended, repealed, or modified in a way that adversely affects bonds issued under this provision
- Takes effect July 1, 2012
Legislative Description
Use of Cigarette Tax Proceeds
Last Action
Died in Budget Subcommittee on Finance and Tax, companion bill(s) passed, see HB 7087 (Ch.
3/9/2012
Committee Referrals
Finance And Tax Subcommittee1/19/2012
Budget1/18/2012
Health Regulation10/18/2011
Full Bill Text
No bill text available