HB 7131

1
A bill to be entitled
2An act relating to the redevelopment of brownfields;
3amending ss. 199.1055, 220.1845, and 376.30781, F.S.;
4increasing the amount and percentage of the credit that
5may be applied against the intangible personal property
6tax and the corporate income tax for the cost of voluntary
7cleanup of a contaminated site; increasing the amount that
8may be received by the taxpayer as an incentive to
9complete the cleanup in the final year; increasing the
10total amount of credits that may be granted in any year;
11providing tax credits for voluntary cleanup activities
12related to solid waste disposal facilities; providing
13criteria for eligible sites and activities; directing the
14Department of Environmental Protection to apply certain
15criteria, requirements, and limitations for implementation
16of such provisions; providing certain exceptions; amending
17s. 288.9015, F.S.; requiring Enterprise Florida, Inc., to
18aggressively market brownfields; amending s. 376.86, F.S.;
19increasing the percentage of loans for redevelopment
20projects in brownfield areas to which the state loan
21guarantee applies under the Brownfield Areas Loan
22Guarantee Program; repealing s. 376.87, F.S., relating to
23the Brownfield Property Ownership Clearance Assistance;
24repealing s. 376.875, F.S., relating to the Brownfield
25Property Ownership Clearance Assistance Revolving Loan
26Trust Fund; amending s. 14.2015, F.S.; deleting a
27reference to the trust fund to conform; providing an
28effective date.
29
30Be It Enacted by the Legislature of the State of Florida:
31
32     Section 1.  Subsection (1) of section 199.1055, Florida
33Statutes, is amended to read:
34     199.1055  Contaminated site rehabilitation tax credit.--
35     (1)  AUTHORIZATION FOR TAX CREDIT; LIMITATIONS.--
36     (a)  A credit in the amount of 50 35 percent of the costs
37of voluntary cleanup activity that is integral to site
38rehabilitation at the following sites is available against any
39tax due for a taxable year under s. 199.032, less any credit
40allowed by former s. 220.68 for that year:
41     1.  A drycleaning-solvent-contaminated site eligible for
42state-funded site rehabilitation under s. 376.3078(3);
43     2.  A drycleaning-solvent-contaminated site at which
44cleanup is undertaken by the real property owner pursuant to s.
45376.3078(11), if the real property owner is not also, and has
46never been, the owner or operator of the drycleaning facility
47where the contamination exists; or
48     3.  A brownfield site in a designated brownfield area under
49s. 376.80.
50     (b)  A tax credit applicant, or multiple tax credit
51applicants working jointly to clean up a single site, may not be
52granted more than $500,000 $250,000 per year in tax credits for
53each site voluntarily rehabilitated. Multiple tax credit
54applicants shall be granted tax credits in the same proportion
55as their contribution to payment of cleanup costs. Subject to
56the same conditions and limitations as provided in this section,
57a municipality, county, or other tax credit applicant which
58voluntarily rehabilitates a site may receive not more than
59$500,000 $250,000 per year in tax credits which it can
60subsequently transfer subject to the provisions in paragraph
61(g).
62     (c)  If the credit granted under this section is not fully
63used in any one year because of insufficient tax liability on
64the part of the tax credit applicant, the unused amount may be
65carried forward for a period not to exceed 5 years. Five years
66after the date a credit is granted under this section, such
67credit expires and may not be used. However, if during the 5-
68year period the credit is transferred, in whole or in part,
69pursuant to paragraph (g), each transferee has 5 years after the
70date of transfer to use its credit.
71     (d)  A taxpayer that receives a credit under s. 220.1845 is
72ineligible to receive credit under this section in a given tax
73year.
74     (e)  A tax credit applicant that receives state-funded site
75rehabilitation pursuant to s. 376.3078(3) for rehabilitation of
76a drycleaning-solvent-contaminated site is ineligible to receive
77credit under this section for costs incurred by the tax credit
78applicant in conjunction with the rehabilitation of that site
79during the same time period that state-administered site
80rehabilitation was underway.
81     (f)  The total amount of the tax credits which may be
82granted under this section and s. 220.1845 is $5 $2 million
83annually.
84     (g)1.  Tax credits that may be available under this section
85to an entity eligible under s. 376.30781 may be transferred
86after a merger or acquisition to the surviving or acquiring
87entity and used in the same manner with the same limitations.
88     2.  The entity or its surviving or acquiring entity as
89described in subparagraph 1., may transfer any unused credit in
90whole or in units of no less than 25 percent of the remaining
91credit. The entity acquiring such credit may use it in the same
92manner and with the same limitation as described in this
93section. Such transferred credits may not be transferred again
94although they may succeed to a surviving or acquiring entity
95subject to the same conditions and limitations as described in
96this section.
97     3.  In the event the credit provided for under this section
98is reduced either as a result of a determination by the
99Department of Environmental Protection or an examination or
100audit by the Department of Revenue, such tax deficiency shall be
101recovered from the first entity, or the surviving or acquiring
102entity, to have claimed such credit up to the amount of credit
103taken. Any subsequent deficiencies shall be assessed against any
104entity acquiring and claiming such credit, or in the case of
105multiple succeeding entities in the order of credit succession.
106     (h)  In order to encourage completion of site
107rehabilitation at contaminated sites being voluntarily cleaned
108up and eligible for a tax credit under this section, the tax
109credit applicant may claim an additional 25 10 percent of the
110total cleanup costs, not to exceed $500,000 $50,000, in the
111final year of cleanup as evidenced by the Department of
112Environmental Protection issuing a "No Further Action" order for
113that site.
114     Section 2.  Subsection (1) of section 220.1845, Florida
115Statutes, is amended to read:
116     220.1845  Contaminated site rehabilitation tax credit.--
117     (1)  AUTHORIZATION FOR TAX CREDIT; LIMITATIONS.--
118     (a)  A credit in the amount of 50 35 percent of the costs
119of voluntary cleanup activity that is integral to site
120rehabilitation at the following sites is available against any
121tax due for a taxable year under this chapter:
122     1.  A drycleaning-solvent-contaminated site eligible for
123state-funded site rehabilitation under s. 376.3078(3);
124     2.  A drycleaning-solvent-contaminated site at which
125cleanup is undertaken by the real property owner pursuant to s.
126376.3078(11), if the real property owner is not also, and has
127never been, the owner or operator of the drycleaning facility
128where the contamination exists; or
129     3.  A brownfield site in a designated brownfield area under
130s. 376.80.
131     (b)  A tax credit applicant, or multiple tax credit
132applicants working jointly to clean up a single site, may not be
133granted more than $500,000 $250,000 per year in tax credits for
134each site voluntarily rehabilitated. Multiple tax credit
135applicants shall be granted tax credits in the same proportion
136as their contribution to payment of cleanup costs. Subject to
137the same conditions and limitations as provided in this section,
138a municipality, county, or other tax credit applicant which
139voluntarily rehabilitates a site may receive not more than
140$500,000 $250,000 per year in tax credits which it can
141subsequently transfer subject to the provisions in paragraph
142(h).
143     (c)  If the credit granted under this section is not fully
144used in any one year because of insufficient tax liability on
145the part of the corporation, the unused amount may be carried
146forward for a period not to exceed 5 years. The carryover credit
147may be used in a subsequent year when the tax imposed by this
148chapter for that year exceeds the credit for which the
149corporation is eligible in that year under this section after
150applying the other credits and unused carryovers in the order
151provided by s. 220.02(8). Five years after the date a credit is
152granted under this section, such credit expires and may not be
153used. However, if during the 5-year period the credit is
154transferred, in whole or in part, pursuant to paragraph (h),
155each transferee has 5 years after the date of transfer to use
156its credit.
157     (d)  A taxpayer that files a consolidated return in this
158state as a member of an affiliated group under s. 220.131(1) may
159be allowed the credit on a consolidated return basis up to the
160amount of tax imposed upon the consolidated group.
161     (e)  A taxpayer that receives credit under s. 199.1055 is
162ineligible to receive credit under this section in a given tax
163year.
164     (f)  A tax credit applicant that receives state-funded site
165rehabilitation under s. 376.3078(3) for rehabilitation of a
166drycleaning-solvent-contaminated site is ineligible to receive
167credit under this section for costs incurred by the tax credit
168applicant in conjunction with the rehabilitation of that site
169during the same time period that state-administered site
170rehabilitation was underway.
171     (g)  The total amount of the tax credits which may be
172granted under this section and s. 199.1055 is $5 $2 million
173annually.
174     (h)1.  Tax credits that may be available under this section
175to an entity eligible under s. 376.30781 may be transferred
176after a merger or acquisition to the surviving or acquiring
177entity and used in the same manner and with the same
178limitations.
179     2.  The entity or its surviving or acquiring entity as
180described in subparagraph 1., may transfer any unused credit in
181whole or in units of no less than 25 percent of the remaining
182credit. The entity acquiring such credit may use it in the same
183manner and with the same limitation as described in this
184section. Such transferred credits may not be transferred again
185although they may succeed to a surviving or acquiring entity
186subject to the same conditions and limitations as described in
187this section.
188     3.  In the event the credit provided for under this section
189is reduced either as a result of a determination by the
190Department of Environmental Protection or an examination or
191audit by the Department of Revenue, such tax deficiency shall be
192recovered from the first entity, or the surviving or acquiring
193entity, to have claimed such credit up to the amount of credit
194taken. Any subsequent deficiencies shall be assessed against any
195entity acquiring and claiming such credit, or in the case of
196multiple succeeding entities in the order of credit succession.
197     (i)  In order to encourage completion of site
198rehabilitation at contaminated sites being voluntarily cleaned
199up and eligible for a tax credit under this section, the tax
200credit applicant may claim an additional 25 10 percent of the
201total cleanup costs, not to exceed $500,000 $50,000, in the
202final year of cleanup as evidenced by the Department of
203Environmental Protection issuing a "No Further Action" order for
204that site.
205     Section 3.  Section 376.30781, Florida Statutes, is amended
206to read:
207     376.30781  Partial tax credits for rehabilitation of
208drycleaning-solvent-contaminated sites and brownfield sites in
209designated brownfield areas; application process; rulemaking
210authority; revocation authority.--
211     (1)  The Legislature finds that:
212     (a)  To facilitate property transactions and economic
213growth and development, it is in the interest of the state to
214encourage the cleanup, at the earliest possible time, of
215drycleaning-solvent-contaminated sites and brownfield sites in
216designated brownfield areas.
217     (b)  It is the intent of the Legislature to encourage the
218voluntary cleanup of drycleaning-solvent-contaminated sites and
219brownfield sites in designated brownfield areas by providing a
220partial tax credit for the restoration of such property in
221specified circumstances.
222     (2)(a)  A credit in the amount of 50 35 percent of the
223costs of voluntary cleanup activity that is integral to site
224rehabilitation at the following sites is allowed pursuant to ss.
225199.1055 and 220.1845:
226     1.  A drycleaning-solvent-contaminated site eligible for
227state-funded site rehabilitation under s. 376.3078(3);
228     2.  A drycleaning-solvent-contaminated site at which
229cleanup is undertaken by the real property owner pursuant to s.
230376.3078(11), if the real property owner is not also, and has
231never been, the owner or operator of the drycleaning facility
232where the contamination exists; or
233     3.  A brownfield site in a designated brownfield area under
234s. 376.80.
235     (b)  A tax credit applicant, or multiple tax credit
236applicants working jointly to clean up a single site, may not be
237granted more than $500,000 $250,000 per year in tax credits for
238each site voluntarily rehabilitated. Multiple tax credit
239applicants shall be granted tax credits in the same proportion
240as their contribution to payment of cleanup costs. Tax credits
241are available only for site rehabilitation conducted during the
242calendar year for which the tax credit application is submitted.
243     (c)  In order to encourage completion of site
244rehabilitation at contaminated sites that are being voluntarily
245cleaned up and that are eligible for a tax credit under this
246section, the tax credit applicant may claim an additional 25 10
247percent of the total cleanup costs, not to exceed $500,000
248$50,000, in the final year of cleanup as evidenced by the
249Department of Environmental Protection issuing a "No Further
250Action" order for that site.
251     (3)  The Department of Environmental Protection shall be
252responsible for allocating the tax credits provided for in ss.
253199.1055 and 220.1845, not to exceed a total of $5 $2 million in
254tax credits annually.
255     (4)  To claim the credit for site rehabilitation conducted
256during the current calendar year, each tax credit applicant must
257apply to the Department of Environmental Protection for an
258allocation of the $5 $2 million annual credit by January 15 of
259the following year on a form developed by the Department of
260Environmental Protection in cooperation with the Department of
261Revenue. The form shall include an affidavit from each tax
262credit applicant certifying that all information contained in
263the application, including all records of costs incurred and
264claimed in the tax credit application, are true and correct. If
265the application is submitted pursuant to subparagraph (2)(a)2.,
266the form must include an affidavit signed by the real property
267owner stating that it is not, and has never been, the owner or
268operator of the drycleaning facility where the contamination
269exists. Approval of partial tax credits must be accomplished on
270a first-come, first-served basis based upon the date complete
271applications are received by the Division of Waste Management. A
272tax credit applicant shall submit only one complete application
273per site for each calendar year's site rehabilitation costs.
274Incomplete placeholder applications shall not be accepted and
275will not secure a place in the first-come, first-served
276application line. To be eligible for a tax credit, the tax
277credit applicant must:
278     (a)  Have entered into a voluntary cleanup agreement with
279the Department of Environmental Protection for a drycleaning-
280solvent-contaminated site or a Brownfield Site Rehabilitation
281Agreement, as applicable; and
282     (b)  Have paid all deductibles pursuant to s.
283376.3078(3)(e) for eligible drycleaning-solvent-cleanup program
284sites.
285     (5)  To obtain the tax credit certificate, a tax credit
286applicant must annually file an application for certification,
287which must be received by the Division of Waste Management of
288the Department of Environmental Protection by January 15 of the
289year following the calendar year for which site rehabilitation
290costs are being claimed in a tax credit application. The tax
291credit applicant must provide all pertinent information
292requested on the tax credit application form, including, at a
293minimum, the name and address of the tax credit applicant and
294the address and tracking identification number of the eligible
295site. Along with the tax credit application form, the tax credit
296applicant must submit the following:
297     (a)  A nonrefundable review fee of $250 made payable to the
298Water Quality Assurance Trust Fund to cover the administrative
299costs associated with the department's review of the tax credit
300application;
301     (b)  Copies of contracts and documentation of contract
302negotiations, accounts, invoices, sales tickets, or other
303payment records from purchases, sales, leases, or other
304transactions involving actual costs incurred for that tax year
305related to site rehabilitation, as that term is defined in ss.
306376.301 and 376.79;
307     (c)  Proof that the documentation submitted pursuant to
308paragraph (b) has been reviewed and verified by an independent
309certified public accountant in accordance with standards
310established by the American Institute of Certified Public
311Accountants. Specifically, the certified public accountant must
312attest to the accuracy and validity of the costs incurred and
313paid by conducting an independent review of the data presented
314by the tax credit applicant. Accuracy and validity of costs
315incurred and paid would be determined once the level of effort
316was certified by an appropriate professional registered in this
317state in each contributing technical discipline. The certified
318public accountant's report would also attest that the costs
319included in the application form are not duplicated within the
320application. A copy of the accountant's report shall be
321submitted to the Department of Environmental Protection with the
322tax credit application; and
323     (d)  A certification form stating that site rehabilitation
324activities associated with the documentation submitted pursuant
325to paragraph (b) have been conducted under the observation of,
326and related technical documents have been signed and sealed by,
327an appropriate professional registered in this state in each
328contributing technical discipline. The certification form shall
329be signed and sealed by the appropriate registered professionals
330stating that the costs incurred were integral, necessary, and
331required for site rehabilitation, as that term is defined in ss.
332376.301 and 376.79.
333     (6)  The certified public accountant and appropriate
334registered professionals submitting forms as part of a tax
335credit application must verify such forms. Verification must be
336accomplished as provided in s. 92.525(1)(b) and subject to the
337provisions of s. 92.525(3).
338     (7)  The Department of Environmental Protection shall
339review the tax credit application and any supplemental
340documentation that the tax credit applicant may submit prior to
341the annual application deadline in order to have the application
342considered complete, for the purpose of verifying that the tax
343credit applicant has met the qualifying criteria in subsections
344(2) and (4) and has submitted all required documentation listed
345in subsection (5). Upon verification that the tax credit
346applicant has met these requirements, the department shall issue
347a written decision granting eligibility for partial tax credits
348(a tax credit certificate) in the amount of 50 35 percent of the
349total costs claimed, subject to the $500,000 $250,000
350limitation, for the calendar year for which the tax credit
351application is submitted based on the report of the certified
352public accountant and the certifications from the appropriate
353registered technical professionals.
354     (8)  On or before March 1, the Department of Environmental
355Protection shall inform each eligible tax credit applicant of
356the amount of its partial tax credit and provide each eligible
357tax credit applicant with a tax credit certificate that must be
358submitted with its tax return to the Department of Revenue to
359claim the tax credit or be transferred pursuant to s.
360199.1055(1)(g) or s. 220.1845(1)(h). Credits will not result in
361the payment of refunds if total credits exceed the amount of tax
362owed.
363     (9)  If a tax credit applicant does not receive a tax
364credit allocation due to an exhaustion of the $5 $2 million
365annual tax credit authorization, such application will then be
366included in the same first-come, first-served order in the next
367year's annual tax credit allocation, if any, based on the prior
368year application.
369     (10)  The Department of Environmental Protection may adopt
370rules to prescribe the necessary forms required to claim tax
371credits under this section and to provide the administrative
372guidelines and procedures required to administer this section.
373     (11)  The Department of Environmental Protection may revoke
374or modify any written decision granting eligibility for partial
375tax credits under this section if it is discovered that the tax
376credit applicant submitted any false statement, representation,
377or certification in any application, record, report, plan, or
378other document filed in an attempt to receive partial tax
379credits under this section. The Department of Environmental
380Protection shall immediately notify the Department of Revenue of
381any revoked or modified orders affecting previously granted
382partial tax credits. Additionally, the tax credit applicant must
383notify the Department of Revenue of any change in its tax credit
384claimed.
385     (12)  A tax credit applicant who receives state-funded site
386rehabilitation under s. 376.3078(3) for rehabilitation of a
387drycleaning-solvent-contaminated site is ineligible to receive a
388tax credit under s. 199.1055 or s. 220.1845 for costs incurred
389by the tax credit applicant in conjunction with the
390rehabilitation of that site during the same time period that
391state-administered site rehabilitation was underway.
392     (13)  At eligible sites listed in paragraph (2)(a), in
393addition to any tax credits that may be claimed for site
394rehabilitation as defined in s. 376.301, a tax credit applicant
395may also claim tax credits pursuant to the requirements of this
396section for voluntary cleanup activity that addresses a solid
397waste disposal facility, subject to the following criteria:
398     (a)  For purposes of this subsection, "solid waste" and
399"solid waste disposal facility" have the same meanings as
400defined in s. 403.703, but shall not include sites that merely
401have litter or debris scattered on the surface of the land;
402     (b)  The solid waste disposal facility must have ceased
403operation prior to 1988 and must not have been or must not
404currently be subject to any department solid waste permit;
405     (c)  Tax credits may be claimed for one or more of the
406following activities:
407     1.  Removing all solid waste from the solid waste disposal
408facility and disposing of it in a permitted solid waste
409management facility;
410     2.  Closing the solid waste disposal facility, which may
411include partial removal and disposal of solid waste in a
412permitted solid waste management facility, in accordance with
413the requirements of chapter 62-701, Florida Administrative Code,
414including grading the facility to achieve appropriate side
415slopes, installing final cover, controlling stormwater, and
416providing gas management, if necessary;
417     3.  Performing long-term care for the solid waste disposal
418facility in accordance with the requirements of chapter 62-701,
419Florida Administrative Code, after the facility has been
420properly closed; and
421     4.  Performing groundwater evaluation and assessment after
422removal of all solid waste or after the solid waste disposal
423facility has been properly closed;
424     (d)  If the solid waste disposal facility is closed as
425described in subparagraph (c)2., the redevelopment of the
426property containing the solid waste disposal facility shall be
427limited to commercial or industrial land use only and shall be
428subject to appropriate engineering and institutional controls,
429and tax credits shall be awarded only after a restrictive
430covenant limiting future uses of the property has been reviewed
431and approved by the department and properly recorded;
432     (e)  Costs for crushing or compacting the solid waste in
433place solely to make it suitable for future development shall
434not be eligible for tax credits pursuant to this section; and
435     (f)  Any activity conducted in accordance with this
436subsection shall not be considered site rehabilitation.
437     (14)  In implementing subsection (13), the department shall
438use the same criteria, requirements, and limitations detailed in
439subsections (1)-(12) of this section and ss. 199.1055 and
440220.1845, with the following exceptions:
441     (a)  Where reference is made to "site rehabilitation," the
442department shall consider whether the costs claimed are for
443voluntary cleanup activity that addresses a solid waste disposal
444facility as outlined in subsection (13);
445     (b)  In lieu of the certification requirements of paragraph
446(5)(d), a tax credit applicant seeking a tax credit pursuant to
447subsection (13) shall include in the tax credit application:
448     1.  A certification that the applicant has determined,
449after consultation with local government officials and the
450department, that the solid waste disposal facility ceased
451operating prior to January 1, 1974, and is not or has never been
452subject to a solid waste permit;
453     2.  A certification signed and sealed by an appropriate
454registered professional and previously approved by the
455department that the solid waste disposal facility has been
456properly closed pursuant to chapter 62-701, Florida
457Administrative Code, or that all solid waste was removed and
458properly disposed of; and
459     3.  A certification signed and sealed by an appropriate
460registered professional that costs incurred and claimed in the
461tax credit application were integral, necessary, and required to
462conduct those activities listed in paragraph (13)(c), as
463applicable;
464     (c)  Tax credit applications in which costs are claimed
465pursuant to subparagraphs (13)(c)1. and 2. shall not be subject
466to the calendar-year limitation and January 15 annual
467application deadline, but the department shall accept a one-time
468application filed after the tax credit applicant has completed
469all requirements listed in subsection (13) and this subsection;
470     (d)  Notwithstanding the tax credit percentage established
471in subsections (2) and (7) and ss. 199.1055 and 220.1845, the
472tax credit for activities conducted pursuant to subparagraphs
473(13)(c)2.-4. relating to closure of a solid waste disposal
474facility shall be limited to 25 percent;
475     (e)  The additional percentage allowed by paragraph (2)(c)
476and ss. 199.1055(1)(h) and 220.1845(1)(i) is not applicable to
477tax credits claimed pursuant to subsection (13); and
478     (f)  The department shall have 60 days after the date of
479receipt of any application claiming tax credits pursuant to
480subsection (13) to process the application and grant or deny the
481claimed tax credits.
482     Section 4.  Subsection (2) of section 288.9015, Florida
483Statutes, is amended to read:
484     288.9015  Enterprise Florida, Inc.; purpose; duties.--
485     (2)  It shall be the responsibility of Enterprise Florida,
486Inc., to aggressively market Florida's rural communities,
487distressed urban communities, brownfields, and enterprise zones
488as locations for potential new investment, to aggressively
489assist in the retention and expansion of existing businesses in
490these communities, and to aggressively assist these communities
491in the identification and development of new economic
492development opportunities for job creation, fully marketing
493state incentive programs such as the Qualified Target Industry
494Tax Refund Program under s. 288.106 and the Quick Action Closing
495Fund under s. 288.1088 in economically distressed areas.
496     Section 5.  Subsection (1) of section 376.86, Florida
497Statutes, is amended to read:
498     376.86  Brownfield Areas Loan Guarantee Program.--
499     (1)  The Brownfield Areas Loan Guarantee Council is created
500to review and approve or deny by a majority vote of its
501membership, the situations and circumstances for participation
502in partnerships by agreements with local governments, financial
503institutions, and others associated with the redevelopment of
504brownfield areas pursuant to the Brownfields Redevelopment Act
505for a limited state guaranty of up to 5 years of loan guarantees
506or loan loss reserves issued pursuant to law. The limited state
507loan guaranty applies only to 25 10 percent of the primary
508lenders loans for redevelopment projects in brownfield areas. A
509limited state guaranty of private loans or a loan loss reserve
510is authorized for lenders licensed to operate in the state upon
511a determination by the council that such an arrangement would be
512in the public interest and the likelihood of the success of the
513loan is great.
514     Section 6.  Sections 376.87 and 376.875, Florida Statutes,
515are repealed.
516     Section 7.  Paragraph (f) of subsection (2) of section
51714.2015, Florida Statutes, is amended to read:
518     14.2015  Office of Tourism, Trade, and Economic
519Development; creation; powers and duties.--
520     (2)  The purpose of the Office of Tourism, Trade, and
521Economic Development is to assist the Governor in working with
522the Legislature, state agencies, business leaders, and economic
523development professionals to formulate and implement coherent
524and consistent policies and strategies designed to provide
525economic opportunities for all Floridians. To accomplish such
526purposes, the Office of Tourism, Trade, and Economic Development
527shall:
528     (f)1.  Administer the Florida Enterprise Zone Act under ss.
529290.001-290.016, the community contribution tax credit program
530under ss. 220.183 and 624.5105, the tax refund program for
531qualified target industry businesses under s. 288.106, the tax-
532refund program for qualified defense contractors under s.
533288.1045, contracts for transportation projects under s.
534288.063, the sports franchise facility program under s.
535288.1162, the professional golf hall of fame facility program
536under s. 288.1168, the expedited permitting process under s.
537403.973, the Rural Community Development Revolving Loan Fund
538under s. 288.065, the Regional Rural Development Grants Program
539under s. 288.018, the Certified Capital Company Act under s.
540288.99, the Florida State Rural Development Council, the Rural
541Economic Development Initiative, and other programs that are
542specifically assigned to the office by law, by the
543appropriations process, or by the Governor. Notwithstanding any
544other provisions of law, the office may expend interest earned
545from the investment of program funds deposited in the Grants and
546Donations Trust Fund and the Brownfield Property Ownership
547Clearance Assistance Revolving Loan Trust Fund to contract for
548the administration of the programs, or portions of the programs,
549enumerated in this paragraph or assigned to the office by law,
550by the appropriations process, or by the Governor. Such
551expenditures shall be subject to review under chapter 216.
552     2.  The office may enter into contracts in connection with
553the fulfillment of its duties concerning the Florida First
554Business Bond Pool under chapter 159, tax incentives under
555chapters 212 and 220, tax incentives under the Certified Capital
556Company Act in chapter 288, foreign offices under chapter 288,
557the Enterprise Zone program under chapter 290, the Seaport
558Employment Training program under chapter 311, the Florida
559Professional Sports Team License Plates under chapter 320,
560Spaceport Florida under chapter 331, Expedited Permitting under
561chapter 403, and in carrying out other functions that are
562specifically assigned to the office by law, by the
563appropriations process, or by the Governor.
564     Section 8.  This act shall take effect July 1, 2006.


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