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2018 Florida Statutes
SECTION 1201
State Economic Enhancement and Development Trust Fund.
State Economic Enhancement and Development Trust Fund.
288.1201 State Economic Enhancement and Development Trust Fund.—
(1) There is created within the Department of Economic Opportunity the State Economic Enhancement and Development Trust Fund. Moneys deposited in the trust fund shall be used for infrastructure and job creation opportunities and for the following purposes or programs:
(a) Transportation facilities that meet a strategic and essential state interest with respect to the economic development of the state;
(b) Affordable housing programs and projects in accordance with chapter 420;
(c) Economic development incentives for job creation and capital investment;
(d) Workforce training associated with locating a new business or expanding an existing business; and
(e) Tourism promotion and marketing services, functions, and programs.
(2) The trust fund is established for use as a depository for funds to be used for the purposes specified in subsection (1). Moneys to be credited to the trust fund shall consist of documentary stamp tax proceeds as specified in law, local financial support funds, interest earnings, and cash advances from other trust funds. Funds shall be expended only pursuant to legislative appropriation or an approved amendment to the department’s operating budget pursuant to the provisions of chapter 216.
History.—s. 1, ch. 2011-138; s. 2, ch. 2014-46.