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FL H0363
Bill
Status
Introduced
2/4/2025
Primary Sponsor
Wallace Aristide
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AI Summary
- Amends s. 163.360, Florida Statutes, to authorize community redevelopment agencies (CRAs) to use up to 20% of tax increment financing (TIF) funds for business support services when carrying out approved redevelopment plans
- Eligible business support services include rent payments for small businesses for periods of 6 months or less, professional training and workshops, and business recruitment and retention efforts
- Permits CRAs to issue direct loans and develop programs to attract new businesses using the designated TIF funds
- Authorizes emergency grants and assistance to small businesses during declared emergencies as defined by s. 252.34(4)
- Effective date is July 1, 2025
Legislative Description
Community Redevelopment Plans
Last Action
Withdrawn prior to introduction
2/26/2025
Committee Referrals
Intergovernmental Affairs Subcommittee2/12/2025
Full Bill Text
No bill text available