Florida Senate - 2008 SB 2458
By Senator Posey
24-04067-08 20082458__
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A bill to be entitled
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An act relating to trust funds; amending s. 288.1087,
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F.S.; creating the Space and Aerospace Development
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Infrastructure Enhancement Fund within the Office of
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Tourism, Trade, and Economic Development; providing for
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annual carryforward of funds; providing for future review
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and termination or re-creation of the fund;
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providing an effective date.
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Be It Enacted by the Legislature of the State of Florida:
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Section 1. Subsection (9) is added to section 288.1087,
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Florida Statutes, as created by Senate Bill ____, to read:
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288.1087 The Space and Aerospace Development Infrastructure
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Enhancement Fund.--
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(9)(a) There is created within the Office of Tourism,
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Trade, and Economic Development the Space and Aerospace
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Development Infrastructure Enhancement Fund.
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(b) Notwithstanding the provisions of s. 216.301 and
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pursuant to s. 216.315, any unexpended balance in the fund at the
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end of a fiscal year shall remain in the fund and be available
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for carrying out the purposes of the fund.
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Section 2. Pursuant to the provisions of s. 19(f)(2), Art.
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III of the State Constitution, the Space and Aerospace
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Development Infrastructure Enhancement Fund shall, unless
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terminated sooner, be terminated on July 1, 2012. Before its
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scheduled termination, the fund shall be reviewed as provided in
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s. 215.3206(1) and (2), Florida Statutes.
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Section 3. This act shall take effect July 1, 2008, if
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Senate Bill ____ or similar legislation is adopted in the same
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legislative session or an extension thereof and becomes law.
CODING: Words stricken are deletions; words underlined are additions.