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FL S0714
Bill
AI Summary
- Doubles the minimum annual funding for the Florida Seaport Transportation and Economic Development Program from $25 million to $50 million from the State Transportation Trust Fund, beginning in the 2026-2027 fiscal year
- Increases the minimum annual funding for the Strategic Port Investment Initiative from $35 million to $70 million from the State Transportation Trust Fund, beginning in the 2026-2027 fiscal year
- Requires the Department of Transportation to include at least $50 million (up from $25 million) per year in its annual legislative budget request for the Seaport Transportation and Economic Development Program
- Deletes obsolete provisions allowing Citrus County and Putnam County to apply for grants through the Florida Seaport Transportation and Economic Development Council for port feasibility studies
- Effective date of July 1, 2024, with reenactment of related statutes governing disposition of license tax moneys and allocation of increased revenues to incorporate the funding changes
Legislative Description
Seaports
Last Action
Died in Transportation
3/8/2024
Full Bill Text
No bill text available