CS/HB 113 Summary

• Counties may levy a sales surtax of up to 0.5 percent for Florida College System institutions and state universities, subject to majority voter approval in a county referendum.

• Ordinance must include a plan for surtax proceeds covering maintenance, improvements, expansion of academic and workforce programs, capital expenditures, infrastructure projects, and facility enhancements with at least 5-year useful life.

• 90 percent of surtax proceeds go to the Florida College System institution and 10 percent to the state university, transferred to Florida Prime accounts managed by the State Board of Administration.

• A seven-member oversight board appointed by chambers of commerce, United Way, institution boards of trustees, and county legislative delegation reviews and approves annual expenditure plans submitted by each institution's board of trustees.

• Surtax expires 5 years after implementation and state funding allocations to institutions may not be reduced due to receipt of surtax revenues.