| 1 | A bill to be entitled |
| 2 | An act relating to the Entertainment Industry Financial |
| 3 | Incentive Trust Fund; creating the Entertainment Industry |
| 4 | Financial Incentive Trust Fund; providing for sources of |
| 5 | funds and purposes; requiring funds to remain in the trust |
| 6 | fund at the end of each fiscal year; providing for future |
| 7 | review and termination or re-creation of the fund; |
| 8 | providing a contingent effective date. |
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| 10 | Be It Enacted by the Legislature of the State of Florida: |
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| 12 | Section 1. (1) The Entertainment Industry Financial |
| 13 | Incentive Trust Fund is created within, and shall be |
| 14 | administered by, the Office of Tourism, Trade, and Economic |
| 15 | Development. Moneys credited to the fund shall be those |
| 16 | appropriated from the General Revenue Fund or from other sources |
| 17 | to make incentive payments under section 288.1254, Florida |
| 18 | Statutes. The purpose of the trust fund is to facilitate the |
| 19 | payment of incentives under such program. |
| 20 | (2) Notwithstanding section 216.301, Florida Statutes, and |
| 21 | under section 216.351, Florida Statutes, any balance in the |
| 22 | trust fund at the end of any fiscal year shall remain in the |
| 23 | trust fund at the end of the fiscal year and shall be available |
| 24 | for carrying out the purposes of the trust fund. |
| 25 | (3) In accordance with Section 19(f)(2), Article III of |
| 26 | the State Constitution, the trust fund must, unless terminated |
| 27 | sooner, be terminated on July 1, 2009. Before its scheduled |
| 28 | termination, the trust fund must be reviewed as provided in |
| 29 | section 215.3206(1) and (2), Florida Statutes. |
| 30 | Section 2. This act shall take effect July 1, 2005, but it |
| 31 | shall not take effect unless it is enacted by a three-fifths |
| 32 | vote of the membership of each house of the Legislature. |