Bill Text: FL S0752 | 2015 | Regular Session | Introduced
Bill Title: Redevelopment Trust Fund
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2015-05-01 - Died in Fiscal Policy [S0752 Detail]
Download: Florida-2015-S0752-Introduced.html
Florida Senate - 2015 SB 752
By Senator Hukill
8-00720-15 2015752__
1 A bill to be entitled
2 An act relating to the redevelopment trust fund;
3 amending s. 163.387, F.S.; adding certain hospital
4 districts to the list of public bodies or taxing
5 authorities that are exempt from appropriating certain
6 revenues to the redevelopment trust fund; reenacting
7 s. 259.042(9), F.S., to incorporate the amendment made
8 to s. 163.387, F.S., in a reference thereto; providing
9 an effective date.
10
11 Be It Enacted by the Legislature of the State of Florida:
12
13 Section 1. Paragraph (a) of subsection (2) of section
14 163.387, Florida Statutes, is republished, and paragraph (c) of
15 that subsection is amended, to read:
16 163.387 Redevelopment trust fund.—
17 (2)(a) Except for the purpose of funding the trust fund
18 pursuant to subsection (3), upon the adoption of an ordinance
19 providing for funding of the redevelopment trust fund as
20 provided in this section, each taxing authority shall, by
21 January 1 of each year, appropriate to the trust fund for so
22 long as any indebtedness pledging increment revenues to the
23 payment thereof is outstanding (but not to exceed 30 years) a
24 sum that is no less than the increment as defined and determined
25 in subsection (1) or paragraph (3)(b) accruing to such taxing
26 authority. If the community redevelopment plan is amended or
27 modified pursuant to s. 163.361(1), each such taxing authority
28 shall make the annual appropriation for a period not to exceed
29 30 years after the date the governing body amends the plan but
30 no later than 60 years after the fiscal year in which the plan
31 was initially approved or adopted. However, for any agency
32 created on or after July 1, 2002, each taxing authority shall
33 make the annual appropriation for a period not to exceed 40
34 years after the fiscal year in which the initial community
35 redevelopment plan is approved or adopted.
36 (c) The following public bodies or taxing authorities are
37 exempt from paragraph (a):
38 1. A special district that levies ad valorem taxes on
39 taxable real property in more than one county.
40 2. A special district for which the sole available source
41 of revenue the district has the authority to levy is ad valorem
42 taxes at the time an ordinance is adopted under this section.
43 However, revenues or aid that may be dispensed or appropriated
44 to a district as defined in s. 388.011 at the discretion of an
45 entity other than such district shall not be deemed available.
46 3. A library district, except a library district in a
47 jurisdiction where the community redevelopment agency had
48 validated bonds as of April 30, 1984.
49 4. A neighborhood improvement district created under the
50 Safe Neighborhoods Act.
51 5. A metropolitan transportation authority.
52 6. A water management district created under s. 373.069.
53 7. For a community redevelopment area created after July 1,
54 2015, a hospital district that is a special district as defined
55 in s. 189.012.
56 Section 2. Subsection (9) of s. 259.042, Florida Statutes,
57 is reenacted for the purpose of incorporating the amendment made
58 by this act to s. 163.387, Florida Statutes, in a reference
59 thereto.
60 Section 3. This act shall take effect July 1, 2015.
