SECTION 288.1201. State Economic Enhancement and Development Trust Fund.

Latest version.

1(1) 2There is created within the Department of Economic Opportunity the State Economic Enhancement and Development Trust Fund. Moneys deposited in the trust fund shall be used for infrastructure and job creation opportunities and for the following purposes or programs:
41(a) 42Transportation facilities that meet a strategic and essential state interest with respect to the economic development of the state;
61(b) 62Affordable housing programs and projects in accordance with chapter 420;
72(c) 73Economic development incentives for job creation and capital investment;
82(d) 83Workforce training associated with locating a new business or expanding an existing business; and
97(e) 98Tourism promotion and marketing services, functions, and programs.
106(2) 107The trust fund is established for use as a depository for funds to be used for the purposes specified in subsection (1). Moneys to be credited to the trust fund shall consist of documentary stamp tax proceeds as specified in law, local financial support funds, interest earnings, and cash advances from other trust funds. Funds shall be expended only pursuant to legislative appropriation or an approved amendment to the department’s operating budget pursuant to the provisions of chapter 216.
186(3) 187Notwithstanding s. 189216.301 190and pursuant to s. 194216.351, 195any balance in the trust fund at the end of any fiscal year shall remain in the trust fund at the end of the year and shall be available for carrying out the purposes of the trust fund.

History.-s. 1, ch. 2011-138; s. 2, ch. 2014-46.

Bills Cite this Section:

None

Implemented Rule (1):

12C-1.0188. Enterprise Zone Program

Cited by Court Cases:

None

                    
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