The bill amends sections of Florida Statutes related to the distribution of documentary stamp tax proceeds and funding for the South Florida Regional Transportation Authority. Specifically, it revises the distribution of funds collected under the documentary stamp tax, increasing the amount allocated to the State Transportation Trust Fund from $360.08 million to $420.08 million annually. Additionally, the bill adjusts the percentages allocated to various programs, including reducing the Small County Outreach Program from 13% to 11%, the Strategic Intermodal System from 78% to 67%, and the Transportation Regional Incentive Program from 9% to 8%. A new allocation of 14% is introduced for the Florida Rail Enterprise.

Furthermore, the bill prohibits the transfer of specified funds to the South Florida Regional Transportation Authority, ensuring that funding required for the authority's operations cannot be sourced from funds dedicated to the Florida Rail Enterprise. The bill also outlines the conditions under which state financial assistance is provided to the authority, including the requirement for a written agreement and the authority's obligation to submit its proposed budget for evaluation. The act is set to take effect on July 1, 2026.

Statutes affected:
H 5501 Filed: 201.15, 343.58