HB 1377 Summary

• Defines three new terms for Florida Expressway Authority Act: "local commuter rail service," "transportation reinvestment zone," and "tax increment revenues"

• Revises expressway authority board membership structure in counties with population over 1 million to consist of up to 13 members (7 county-appointed, 5 Governor-appointed, 1 department secretary) with nominating councils to screen candidates

• Prohibits lobbyists and persons with recent client relationships or business dealings with the authority from serving on boards, with violations resulting in immediate termination

• Authorizes expressway authorities to be redesignated as transportation authorities that can establish transportation reinvestment zones receiving 95% of ad valorem tax increment revenues for transit infrastructure projects

• Allocates $30 million annually from 2016-2047 through Florida Rail Enterprise for local commuter rail rights-of-way acquisition and planning costs, plus up to $10 million annually for operational costs for 7 years after service begins