Senate Bill sb1758

    Florida Senate - 2003                                  SB 1758

    By Senator Saunders





    37-86-03

  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 Senate Bill ____ or

17  similar legislation creating an entertainment industry

18  financial incentive program. The purpose of the trust fund is

19  to facilitate the payment of incentives under such program.

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

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

22  terminated sooner, be terminated on July 1, 2007. Before its

23  scheduled termination, the trust fund must be reviewed as

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

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

26  date of Senate Bill ____, or similar legislation, but it shall

27  not take effect unless it is enacted by a three-fifths vote of

28  the membership of each house of the Legislature and unless

29  Senate Bill ____, or similar legislation, becomes a law.

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    Florida Senate - 2003                                  SB 1758
    37-86-03




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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.