SB 1998 Summary

• Increases funding for Florida Seaport Transportation and Economic Development Program from $8 million to $15 million annually and creates new Strategic Port Investment Initiative with $35 million minimum annual funding from State Transportation Trust Fund.

• Establishes Intermodal Logistics Center Infrastructure Support Program with up to $5 million annually to fund transportation facilities connecting seaports to inland distribution centers.

• Transfers administration of economic development transportation projects from Department of Economic Opportunity to Department of Transportation and creates new approval process requiring notification to Governor and Legislature before proceeding with contractor-financed projects.

• Increases motor vehicle title fee deposits to State Transportation Trust Fund from $21 to $47 per original and duplicate certificate, dedicating proceeds to seaport programs, turnpike enterprise, transportation disadvantaged services, and small county outreach programs.

• Authorizes Department of Transportation to establish tolls on new limited access facilities and lanes added to existing facilities on State Highway System and allows transfer of Beachline-East Expressway to turnpike system with proceeds allocated to Wekiva Parkway construction.