| 1 | A bill to be entitled |
| 2 | An act relating to trust funds; creating s. 551.317, |
| 3 | F.S.; creating the Destination Resort Trust Fund |
| 4 | within the Department of Gaming Control; providing for |
| 5 | the purpose of the trust fund; providing for future |
| 6 | review and termination or re-creation of the trust |
| 7 | fund; providing a contingent effective date. |
| 8 |
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| 9 | Be It Enacted by the Legislature of the State of Florida: |
| 10 |
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| 11 | Section 1. Section 551.317, Florida Statutes, is created |
| 12 | to read: |
| 13 | 551.317 Destination Resort Trust Fund.- |
| 14 | (1) The Destination Resort Trust Fund is created within |
| 15 | the Department of Gaming Control. |
| 16 | (2) The trust fund is established for the deposit of |
| 17 | licensing fees of destination resorts and the proceeds of gross |
| 18 | receipts taxes imposed on destination resorts. Funds may be |
| 19 | expended only pursuant to legislative appropriation or an |
| 20 | approved amendment to the Department of Gaming Control's |
| 21 | operating budget pursuant to chapter 216, Florida Statutes. |
| 22 | (3) In accordance with s. 19(f)(2), Art. III of the State |
| 23 | Constitution, the trust fund shall, unless terminated sooner, be |
| 24 | terminated on July 1, 2016. Before its scheduled termination, |
| 25 | the trust fund shall be reviewed as provided in s. 215.3206(1) |
| 26 | and (2). |
| 27 | Section 2. This act shall take effect on the same date |
| 28 | that HB 487 or similar legislation takes effect, if such |
| 29 | legislation is enacted in the same legislative session, or an |
| 30 | extension thereof, and becomes law, and only if this act is |
| 31 | enacted by a three-fifths vote of the membership of each house |
| 32 | of the Legislature. |