1 | A bill to be entitled |
2 | An act relating to trust funds; creating the Destination |
3 | Resort Trust Fund within the Department of Revenue; |
4 | providing for the purpose of the trust fund; providing for |
5 | future review and termination or re-creation of the trust |
6 | fund; providing a contingent effective date. |
7 |
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8 | Be It Enacted by the Legislature of the State of Florida: |
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10 | Section 1. Destination Resort Trust Fund.- |
11 | (1) The Destination Resort Trust Fund is created within |
12 | the Department of Revenue. |
13 | (2) The trust fund is established for the deposit of |
14 | licensing fees of destination resorts and the proceeds of gross |
15 | receipts taxes imposed on destination resorts. Funds may be |
16 | expended only pursuant to legislative appropriation or an |
17 | approved amendment to the Destination Resort Commission's |
18 | operating budget pursuant to chapter 216, Florida Statutes. |
19 | (3) In accordance with s. 19(f)(2), Article III of the |
20 | State Constitution, the Destination Resort Trust Fund shall, |
21 | unless terminated sooner, be terminated on July 1, 2015. Before |
22 | its scheduled termination, the trust fund shall be reviewed as |
23 | provided in s. 215.3206(1) and (2), Florida Statutes. |
24 | Section 2. This act shall take effect on the same date |
25 | that HB 1415 or similar legislation takes effect, if such |
26 | legislation is enacted in the same legislative session, or an |
27 | extension thereof, and becomes law, and only if this act is |
28 | enacted by a three-fifths vote of the membership of each house |
29 | of the Legislature. |