Florida § 288.80125 - Triumph Gulf Coast Trust Fund.
Full text of Florida Florida Statutes § 288.80125 — Triumph Gulf Coast Trust Fund., with citation guidance and answers to common questions.
§ 288.80125. Triumph Gulf Coast Trust Fund.
(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. 1 (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.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 288.80125
What does Florida Statutes § 288.80125 cover?
Section 288.80125 ("Triumph Gulf Coast Trust Fund.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 288.80125?
A common citation format is "Florida Statutes § 288.80125" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 288.80125 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.