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ENROLLED HB 5001, ENGROSSED 1 2024 LEGISLATURE ______________________________________________________________________________ SECTION 6 - GENERAL GOVERNMENT TOTAL: FLORIDA HOUSING FINANCE CORPORATION FROM TRUST FUNDS . . . . . . . . . . 408,000,000 TOTAL ALL FUNDS . . . . . . . . . . 408,000,000 PROGRAM: ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENT APPROVED SALARY RATE 4,191,305 2351 SALARIES AND BENEFITS POSITIONS 55.00 FROM STATE ECONOMIC ENHANCEMENT AND DEVELOPMENT TRUST FUND . . . . 5,933,394 FROM FLORIDA INTERNATIONAL TRADE AND PROMOTION TRUST FUND . . . . . 90,839 FROM TOURISM PROMOTIONAL TRUST FUND . . . . . . . . . . . . . . . 364,503 2352 OTHER PERSONAL SERVICES FROM STATE ECONOMIC ENHANCEMENT AND DEVELOPMENT TRUST FUND . . . . 259,960 FROM FLORIDA INTERNATIONAL TRADE AND PROMOTION TRUST FUND . . . . . 7,370 FROM TOURISM PROMOTIONAL TRUST FUND . . . . . . . . . . . . . . . 30,129 2353 EXPENSES FROM STATE ECONOMIC ENHANCEMENT AND DEVELOPMENT TRUST FUND . . . . 2,171,640 FROM FLORIDA INTERNATIONAL TRADE AND PROMOTION TRUST FUND . . . . . 17,208 FROM TOURISM PROMOTIONAL TRUST FUND . . . . . . . . . . . . . . . 68,834 2354 LUMP SUM ECONOMIC DEVELOPMENT TOOLS FROM GENERAL REVENUE FUND . . . . . 7,250,000 FROM STATE ECONOMIC ENHANCEMENT AND DEVELOPMENT TRUST FUND . . . . 9,000,000 FROM ECONOMIC DEVELOPMENT TRUST FUND . . . . . . . . . . . . . . . 7,750,000 Funds provided in Specific Appropriation 2354 are provided to make payments and tax refunds in Fiscal Year 2024-2025 for the following programs: Qualified Target Industry (QTI) Business Tax Refund; QTI Tax Refund - Brownfield Redevelopment Bonus; Brownfield Redevelopment Tax Refund; and High-Impact Business Performance (HIPI) Grant. Payments may only be made for projects that meet the statutory eligibility requirements. Funds may not be released for any other purpose and may only be disbursed when projects are certified to have met all contracted performance requirements. Funds provided in Specific Appropriation 2354 from the Economic Development Trust Fund represent local matching funds. The Department of Commerce must provide monthly reports within ten business days after the end of each month to the Executive Office of the Governor’s Office of Policy and Budget, the chair of the Senate Committee on Appropriations, and the chair of the House of Representatives Appropriations Committee regarding all escrow activity relating to the Quick Action Closing Fund and the Innovation Incentive Fund programs. The report must include information regarding any funds and interest earnings returned to the appropriate fund in the state treasury, and the anticipated date(s) of all funds held in escrow. The Department of Commerce shall provide monthly reports to the Executive Office of the Governor’s Office of Policy and Budget, the chair of the Senate Committee on Appropriations, and the chair of the House of Representatives Appropriations Committee on the status of economic development programs administered by the department pursuant to chapter 288, Florida Statutes. 2355 SPECIAL CATEGORIES GRANTS AND AIDS - SELECTFLORIDA FROM FLORIDA INTERNATIONAL TRADE AND PROMOTION TRUST FUND . . . . . 5,000,000 362