§ 288.80125, Fla. Stat. · Part VI. GULF COAST ECONOMIC CORRIDOR
Triumph Gulf Coast Trust Fund.
Text — 2026 Florida Statutes
(1) The Triumph Gulf Coast Trust Fund is created within the department. The trust fund is established as a depository for funds transferred, as set forth in s. 288.8013, from the General Revenue Fund pursuant to the “Settlement Agreement Between the Gulf States and the BP Entities with Respect to Economic and Other Claims Arising from the Deepwater Horizon Incident,” which was entered into on October 5, 2015, in the case styled In re: Oil Spill by the Oil Rig “Deepwater Horizon” in the Gulf of Mexico, on April 20, 2010, MDL 2179 in the United States District Court for the Eastern District of Louisiana. The trust fund is exempt from the general revenue service charge provided in s. 215.20.
(2) Funds from the trust fund shall be used for the purposes described in ss. 288.8011-288.8018.
(3) For the 2026-2027 fiscal year, funds shall be used for the Rebuild Florida Revolving Loan Fund program to provide assistance to businesses impacted by Hurricane Michael as provided in the General Appropriations Act. This subsection expires July 1, 2027.
Notes and commentary — not statutory text
History
s. 1, ch. 2017-64; s. 92, ch. 2020-114; s. 2, ch. 2021-4; s. 52, ch. 2021-37; s. 73, ch. 2022-157; s. 63, ch. 2023-240; s. 78, ch. 2024-228; s. 97, ch. 2025-199; s. 122, ch. 2026-233.
Note 1
Note.—Section 122, ch. 2026-233, amended subsection (3) “[i]n order to implement Specific Appropriations 2331 through 2337 of the 2026-2027 General Appropriations Act.”
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0200-0299/0288/0288.html
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This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
The Florida Statutes
- § 215.20, Fla. Stat.Certain income and certain trust funds to contribute to the General Revenue Fund.Printed as s. 215.20
- § 288.8011, Fla. Stat.Gulf Coast Economic Corridor; legislative intent.Printed as ss. 288.8011-288.8018
- § 288.8013, Fla. Stat.Triumph Gulf Coast, Inc.; creation; funding; investment.Printed as s. 288.8013
- § 288.8018, Fla. Stat.Gulf Coast audits.Printed as ss. 288.8011-288.8018
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.