Bill Text: FL H0489 | 2012 | Regular Session | Introduced

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Bill Title: Trust Funds/Destination Resort Trust Fund/Department of Gaming Control

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2012-03-09 - Died in Business and Consumer Affairs Subcommittee [H0489 Detail]

Download: Florida-2012-H0489-Introduced.html

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HB 489

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
9	Be It Enacted by the Legislature of the State of Florida:
10
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.

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