Bill Amendment: FL S0306 | 2013 | Regular Session

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: Economic Development

Status: 2013-05-03 - Died in Messages, companion bill(s) passed, see CS/CS/HB 7007 (Ch. 2013-39), CS/SB 406 (Ch. 2013-42) [S0306 Detail]

Download: Florida-2013-S0306-Appropriations_Subcommittee_on_Finance_and_Tax_Committee_Amendment_773844.html

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       Florida Senate - 2013                        COMMITTEE AMENDMENT
       Bill No. SB 306
       
       
       
       
       
       
                                Barcode 773844                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: FAV            .                                
                  03/06/2013           .                                
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       Appropriations Subcommittee on Finance and Tax (Margolis)
       recommended the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 59 - 92
    4  and insert:
    5         commissioners, or as otherwise provided in this paragraph,
    6  in order to:
    7         1. Pay the debt service on bonds issued to finance:
    8         a. The construction, reconstruction, or renovation of a
    9  facility that is either publicly owned and operated, or is
   10  publicly owned and operated by the owner of a professional
   11  sports franchise or other lessee with sufficient expertise or
   12  financial capability to operate such facility, and to pay the
   13  planning and design costs incurred before prior to the issuance
   14  of such bonds for a new professional sports franchise as defined
   15  in s. 288.1162.
   16         b. The acquisition, construction, reconstruction, or
   17  renovation of a facility either publicly owned and operated, or
   18  publicly owned and operated by the owner of a professional
   19  sports franchise or other lessee with sufficient expertise or
   20  financial capability to operate such facility, and to pay the
   21  planning and design costs incurred before prior to the issuance
   22  of such bonds for a retained spring training franchise.
   23         2. Pay the debt service on bonds issued to finance the
   24  renovation of a professional sports franchise facility that is
   25  publicly owned or located on land that is publicly owned and
   26  that is publicly operated or operated by the owner of a
   27  professional sports franchise or other lessee who has sufficient
   28  expertise or financial capability to operate the facility, and
   29  to pay the planning and design costs incurred before the
   30  issuance of such bonds for the renovated professional sports
   31  facility. The cost to renovate the facility must be more than
   32  $300 million, including permitting, architectural, and
   33  engineering fees, and at least a majority of the total
   34  construction cost, exclusive of in-kind contributions, must be
   35  paid for by the ownership group of the professional sports
   36  franchise or other private sources. Tax revenues available to
   37  pay debt service on bonds may be used to pay for operation and
   38  maintenance costs of the facility. A county levying the tax for
   39  the purposes specified in this subparagraph may do so only by a
   40  majority-plus-one vote of the membership of the board of county
   41  commissioners and after approval of the proposal by a majority
   42  vote of the electors voting in a referendum. Referendum approval
   43  of the proposal may be in an election held before or after the
   44  effective date of this act. The referendum ballot must include a
   45  brief description of the proposal and the following question:
   46         FOR the Proposal
   47         AGAINST the Proposal
   48  
   49  ================= T I T L E  A M E N D M E N T ================
   50         And the title is amended as follows:
   51         Delete line 16
   52  and insert:
   53         maintenance costs of the renovated facility; requiring
   54         a majority-plus-one vote of the membership of the
   55         board of county commissioners to levy a tax for
   56         renovation of a sports franchise facility after
   57         approval by a majority of the electors voting in a
   58         referendum to approve the proposal; authorizing the
   59         referendum to be held before or after the effective
   60         date of this act; providing requirements for the
   61         referendum ballot; providing