Florida Senate - 2017                        COMMITTEE AMENDMENT
       Bill No. CS for SB 1562
       
       
       
       
       
       
                                Ì165746EÎ165746                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  04/18/2017           .                                
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       Appropriations Subcommittee on Transportation, Tourism, and
       Economic Development (Brandes) recommended the following:
       
    1         Senate Amendment to Amendment (841202) (with title
    2  amendment)
    3  
    4         Delete lines 128 - 155
    5  and insert:
    6  Expressway Authority Act, an authority in any county as defined
    7  in s. 125.011(1) shall determine its surplus revenues as defined
    8  in s. 348.0002(12) and deduct from the surplus revenues a
    9  prudent reserve as determined by the board. The authority shall
   10  then dedicate at least 10 percent, but not greater than 30
   11  percent, of the remaining surplus revenues after the deduction
   12  of a prudent reserve to transportation- and transit-related
   13  expenses for projects in municipalities and counties in which
   14  the authority operates. The authority may determine which
   15  specific transportation- and transit-related expenses to fund
   16  from proposals submitted by municipalities and counties.
   17  Transportation- and transit-related expenses funded pursuant to
   18  this subsection must have a rational nexus to the transportation
   19  facilities of the authority and may include, but are not limited
   20  to, expenses associated with the planning, design, acquisition,
   21  construction, extension, rehabilitation, equipping,
   22  preservation, maintenance, or improvement of public
   23  transportation facilities, transit facilities, intermodal
   24  facilities, or multimodal corridors owned or operated by such
   25  municipality or county, and transit-related expenses that impact
   26  the capacity or use of the transportation facilities of the
   27  authority. For the purpose of this subsection, a rational nexus
   28  must demonstrate that the proposed transportation expenditure
   29  makes a substantial impact on the capacity or use of the
   30  transportation facilities of the authority, or that the proposed
   31  transit expenditure complements the operation of, or expands the
   32  access to, the transportation facilities of the authority.
   33         (12) An authority established in any county as defined in
   34  125.011(1) must have an audit conducted by an independent third
   35  party not less than biennially, and the audit report must be
   36  
   37  ================= T I T L E  A M E N D M E N T ================
   38  And the title is amended as follows:
   39         Delete line 249
   40  and insert:
   41         an independent third party not less than biennially;