Senate Bill sb2244c1

    Florida Senate - 2002                           CS for SB 2244

    By the Committee on Commerce and Economic Opportunities; and
    Senators Saunders and Crist




    310-2098-02

  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, and shall be

13  administered by, the Office of Tourism, Trade, and Economic

14  Development. Moneys credited to the fund shall be those

15  appropriated from the General Revenue Fund or from other

16  sources to make incentive payments under Committee Substitute

17  for Senate Bill 2242 or similar legislation creating an

18  entertainment industry financial incentive program. The

19  purpose of the trust fund is to facilitate the payment of

20  incentives under such program.

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

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

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

24  scheduled termination, the trust fund must be reviewed as

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

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

27  date of Committee Substitute for Senate Bill 2242, or similar

28  legislation, but it shall not take effect unless it is enacted

29  by a three-fifths vote of the membership of each house of the

30  Legislature and unless Committee Substitute for Senate Bill

31  2242, or similar legislation, becomes a law.

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    Florida Senate - 2002                           CS for SB 2244
    310-2098-02




  1          STATEMENT OF SUBSTANTIAL CHANGES CONTAINED IN
                       COMMITTEE SUBSTITUTE FOR
  2                         Senate Bill 2244

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  4  The committee substitute clarifies that the Entertainment
    Industry Financial Incentive Trust Fund is administered by the
  5  Office of Tourism, Trade, and Economic Development with
    appropriations from the General Revenue Fund or other sources
  6  and completes cross-references to Committee Substitute for
    Senate Bill 2242, which creates the incentive program that the
  7  trust fund will support.

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CODING: Words stricken are deletions; words underlined are additions.