| 1 | A bill to be entitled |
| 2 | An act relating to enterprise zones; creating s. |
| 3 | 290.00726, F.S.; authorizing the City of Palm Bay to apply |
| 4 | to the Office of Tourism, Trade, and Economic Development |
| 5 | for designation of an enterprise zone; providing an |
| 6 | application deadline; providing requirements for the area |
| 7 | of the enterprise zone; requiring the office to establish |
| 8 | the effective date of the enterprise zone; providing an |
| 9 | effective date. |
| 10 |
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| 11 | Be It Enacted by the Legislature of the State of Florida: |
| 12 |
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| 13 | Section 1. Section 290.00726, Florida Statutes, is created |
| 14 | to read: |
| 15 | 290.00726 Enterprise zone designation for the City of Palm |
| 16 | Bay.-The City of Palm Bay may apply to the Office of Tourism, |
| 17 | Trade, and Economic Development for designation of one |
| 18 | enterprise zone for an area within the northeast portion of the |
| 19 | city, which zone shall encompass an area up to 5 square miles. |
| 20 | The application must be submitted by December 31, 2010, and must |
| 21 | comply with the requirements of s. 290.0055. Notwithstanding s. |
| 22 | 290.0065 limiting the total number of enterprise zones |
| 23 | designated and the number of enterprise zones within a |
| 24 | population category, the Office of Tourism, Trade, and Economic |
| 25 | Development may designate one enterprise zone under this |
| 26 | section. The Office of Tourism, Trade, and Economic Development |
| 27 | shall establish the initial effective date of the enterprise |
| 28 | zone designated under this section. |
| 29 | Section 2. This act shall take effect January 1, 2011. |