1 | The Conference Committee on HB 7205 offered the following: |
2 |
|
3 | Conference Committee Amendment (with title amendment) |
4 | Remove everything after the enacting clause and insert: |
5 | Section 1. Section 288.120, Florida Statutes, is created |
6 | to read: |
7 | 288.120 State Economic Enhancement and Development Trust |
8 | Fund.- |
9 | (1) There is created within the Department of Economic |
10 | Opportunity the State Economic Enhancement and Development Trust |
11 | Fund. Moneys deposited in the trust fund shall be used for |
12 | infrastructure and job creation opportunities and for the |
13 | following purposes or programs: |
14 | (a) Transportation facilities that meet a strategic and |
15 | essential state interest with respect to the economic |
16 | development of the state; |
17 | (b) Affordable housing programs and projects in accordance |
18 | with chapter 420; |
19 | (c) Economic development incentives for job creation and |
20 | capital investment; |
21 | (d) Workforce training associated with locating a new |
22 | business or expanding an existing business; and |
23 | (e) Tourism promotion and marketing services, functions, |
24 | and programs. |
25 | (2) The trust fund is established for use as a depository |
26 | for funds to be used for the purposes specified in subsection |
27 | (1). Moneys to be credited to the trust fund shall consist of |
28 | documentary stamp tax proceeds as specified in law, local |
29 | financial support funds, interest earnings, and cash advances |
30 | from other trust funds. Funds shall be expended only pursuant to |
31 | legislative appropriation or an approved amendment to the |
32 | department's operating budget pursuant to the provisions of |
33 | chapter 216. |
34 | (3) Notwithstanding s. 216.301 and pursuant to s. 216.351, |
35 | any balance in the trust fund at the end of any fiscal year |
36 | shall remain in the trust fund at the end of the year and shall |
37 | be available for carrying out the purposes of the trust fund. |
38 | (4) In accordance with s. 19(f)(2), Article III of the |
39 | State Constitution, the trust fund shall, unless terminated |
40 | sooner, be terminated on July 1, 2015. Before its scheduled |
41 | termination, the trust fund shall be reviewed as provided in s. |
42 | 215.3206(1) and (2). |
43 | Section 2. This act shall take effect July 1, 2011, but |
44 | this act shall not take effect unless it is enacted by a three- |
45 | fifths vote of the membership of each house of the Legislature. |
46 |
|
47 |
|
48 | ----------------------------------------------------- |
49 | T I T L E A M E N D M E N T |
50 | Remove the entire title and insert: |
51 | A bill to be entitled |
52 | An act relating to trust funds; creating s. 288.120, F.S.; |
53 | creating the State Economic Enhancement and Development |
54 | Trust Fund within the Department of Economic Opportunity; |
55 | providing for the purpose of the trust fund and sources of |
56 | funds; providing for annual carryforward of funds; |
57 | providing for future review and termination or re-creation |
58 | of the trust fund; providing a contingent effective date. |