Senate Bill sb2244

    Florida Senate - 2002                                  SB 2244

    By Senator Saunders





    25-1806-02

  1                      A bill to be entitled

  2         An act relating to trust funds; creating the

  3         Entertainment Industry Financial Incentive

  4         Trust Fund; providing for sources of funds and

  5         purposes; providing for future review and

  6         termination or re-creation of the fund;

  7         providing a contingent effective date.

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  9  Be It Enacted by the Legislature of the State of Florida:

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11         Section 1.  (1)  The Entertainment Industry Financial

12  Incentive Trust Fund is created within the Office of Tourism,

13  Trade, and Economic Development. Moneys credited to the fund

14  shall be those appropriated to make incentive reimbursements

15  under Senate Bill _____ or similar legislation creating an

16  entertainment industry financial incentive program.

17         (2)  In accordance with Section 19(f)(2), Article III

18  of the State Constitution, the trust fund must, unless

19  terminated sooner, be terminated on July 1, 2006. Before its

20  scheduled termination, the trust fund must be reviewed as

21  provided in section 215.3206(1) and (2), Florida Statutes.

22         Section 2.  This act shall take effect on the effective

23  date of Senate Bill _____, or similar legislation, but it

24  shall not take effect unless it is enacted by a three-fifths

25  vote of the membership of each house of the Legislature and

26  unless Senate Bill _____, or similar legislation, becomes a

27  law.

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    Florida Senate - 2002                                  SB 2244
    25-1806-02




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  2                          SENATE SUMMARY

  3    Creates an Entertainment Industry Financial Incentive
      Trust Fund as a repository for appropriations from which
  4    the Office of Tourism, Trade, and Economic Development
      will make incentive reimbursements to motion picture and
  5    television producers and to providers of certain
      production services for expenditures in this state.
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CODING: Words stricken are deletions; words underlined are additions.