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Bill > H7077


FL H7077

FL H7077
Gulf Coast Economic Corridor


summary

Introduced
03/16/2017
In Committee
04/05/2017
Crossed Over
03/29/2017
Passed
05/02/2017
Dead
Signed/Enacted/Adopted
06/02/2017

Introduced Session

2017 Regular Session

Bill Summary

Requiring a specified percentage of payments made to the state under a specified settlement of litigation related to the Deepwater Horizon oil spill be immediately transferred from the General Revenue Fund to the Triumph Gulf Coast Trust Fund; requiring Triumph Gulf Coast, Inc., to make awards for projects or programs within disproportionately affected counties based on specified minimum allocations; requiring each board of county commissioners for such counties to solicit certain projects and programs from certain elected local governing boards, etc.

AI Summary

This bill, the Gulf Coast Economic Corridor, requires that 75% of payments made to the state under the Deepwater Horizon oil spill settlement agreement be immediately transferred to the Triumph Gulf Coast Trust Fund. The bill specifies minimum allocations for the eight disproportionately affected counties and requires county commissions to solicit projects and programs from local governing boards. Triumph Gulf Coast, Inc., a nonprofit corporation, will administer the trust fund and make awards for projects and programs within the disproportionately affected counties based on certain prioritization criteria. The bill also increases the number of board members, imposes post-employment restrictions, and repeals a related statute.

Committee Categories

Business and Industry

Sponsors (3)

Other Sponsors (1)

Select Committee on Triumph Gulf Coast (Other)

Last Action

Chapter No. 2017-63, companion bill(s) passed, see HB 7079 (Ch. 2017-64) (on 06/02/2017)

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