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A bill to be entitled

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An act relating to trust funds; amending s. 288.1087,

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F.S.; creating the Space and Aerospace Development

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Infrastructure Enhancement Fund within the Office of

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Tourism, Trade, and Economic Development; providing for

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annual carryforward of funds; providing for future review

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and termination or re-creation of the fund; providing a

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contingent effective date.

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

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     Section 1.  Subsection (9) is added to section 288.1087,

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Florida Statutes, as created by Senate Bill 2426, to read:

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     288.1087  The Space and Aerospace Development Infrastructure

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Enhancement Fund.--

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     (9)(a) There is created within the Office of Tourism,

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Trade, and Economic Development the Space and Aerospace

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Development Infrastructure Enhancement Fund.

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     (b) Notwithstanding the provisions of s. 216.301 and

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pursuant to s. 216.351, any unexpended balance in the fund at the

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end of a fiscal year shall remain in the fund and be available

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for carrying out the purposes of the fund.

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     Section 2. Pursuant to the provisions of s. 19(f)(2), Art.

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III of the State Constitution, the Space and Aerospace

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Development Infrastructure Enhancement Fund shall, unless

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terminated sooner, be terminated on July 1, 2012. Before its

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scheduled termination, the fund shall be reviewed as provided in

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s. 215.3206(1) and (2), Florida Statutes.

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     Section 3.  This act shall take effect July 1, 2008, if

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Senate Bill 2426 or similar legislation is adopted in the same

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legislative session or an extension thereof and becomes law.