FL S1168

Increases minimum annual funding for the Florida Seaport Transportation and Economic Development Program from $8 million to $15 million from the State Transportation Trust Fund.

Creates the Strategic Port Investment Initiative with a minimum of $35 million annually from the State Transportation Trust Fund to fund major port infrastructure and capacity projects that support international trade and logistics goals.

Removes caps on matching funds that individual ports can receive under the seaport program (previously limited to $7 million per year and $30 million per five-year period).

Requires the Department of Transportation to develop a Statewide Seaport and Waterways System Plan identifying 5-year, 10-year, and 20-year infrastructure needs for the seaport system.

Allows intermodal logistics centers designated in local comprehensive plans to be added to the Strategic Intermodal System and receive a waiver of transportation concurrency requirements for development permits issued before December 31, 2017.