| 1 | Representatives Zapata and Robaina offered the following: |
| 2 |
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| 3 | Amendment (with title amendment) |
| 4 | Remove lines 1865-1879 and insert: |
| 5 | (4)(a)(5) When bonds are outstanding which have been |
| 6 | issued to finance or refinance any turnpike project, the tolls |
| 7 | and all other revenues derived from the turnpike system and |
| 8 | pledged to such bonds shall be set aside as may be provided in |
| 9 | the resolution authorizing the issuance of such bonds or the |
| 10 | trust agreement securing the same. The tolls or other revenues |
| 11 | or other moneys so pledged and thereafter received by the |
| 12 | department are immediately subject to the lien of such pledge |
| 13 | without any physical delivery thereof or further act. The lien |
| 14 | of any such pledge is valid and binding as against all parties |
| 15 | having claims of any kind in tort or contract or otherwise |
| 16 | against the department irrespective of whether such parties have |
| 17 | notice thereof. Neither the resolution nor any trust agreement |
| 18 | by which a pledge is created need be filed or recorded except in |
| 19 | the records of the department. |
| 20 | (b) The department shall annually transfer an amount |
| 21 | equivalent to 2.5 percent of the revenues collected on the |
| 22 | Homestead Extension of the Florida Turnpike to the Miami-Dade |
| 23 | Expressway Authority. |
| 24 |
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| 25 | ----------------------------------------------------- |
| 26 | T I T L E A M E N D M E N T |
| 27 | Remove line 139 and insert: |
| 28 | methods; requiring public notice and hearing; requiring the |
| 29 | department to annually transfer a specified percentage of funds |
| 30 | to the Miami-Dade Expressway Authority; amending s. |