House Bill hb1649

    Florida House of Representatives - 2002                HB 1649

        By Representative Davis






  1                      A bill to be entitled

  2         An act relating to trust funds; creating the

  3         Entertainment Industry Financial Incentive

  4         Trust Fund; providing for sources of funds and

  5         purposes; providing for future review and

  6         termination or re-creation of the fund;

  7         providing a contingent effective date.

  8

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

10

11         Section 1.  (1)  The Entertainment Industry Financial

12  Incentive Trust Fund is created within the Office of Tourism,

13  Trade, and Economic Development. Moneys credited to the fund

14  shall be those appropriated to make incentive reimbursements

15  under the entertainment industry financial incentive program

16  created in s. 288.1254.

17         (2)  In accordance with Section 19(f)(2), Article III

18  of the State Constitution, the trust fund must, unless

19  terminated sooner, be terminated on July 1, 2006. Before its

20  scheduled termination, the trust fund must be reviewed as

21  provided in section 215.3206(1) and (2), Florida Statutes.

22         Section 2.  This act shall take effect July 1, 2002, if

23  House Bill _____ or similar legislation is adopted in the same

24  legislative session or an extension thereof and becomes a law.

25

26            *****************************************

27                       LEGISLATIVE SUMMARY

28
      Creates an Entertainment Industry Financial Incentive
29    Trust Fund as a repository for appropriations from which
      the Office of Tourism, Trade, and Economic Development
30    will make incentive reimbursements to motion picture and
      television producers and to providers of certain
31    production services for expenditures in this state.

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CODING: Words stricken are deletions; words underlined are additions.