SENATE AMENDMENT

    Bill No. CS/CS/HB 4551

    Amendment No.    

                            CHAMBER ACTION
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11  Senator Latvala moved the following amendment to amendment

12  (934782):

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14         Senate Amendment (with title amendment) 

15         On page 28, between lines 18 and 19,

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17  insert:

18         Section 13.  Paragraph (a) of subsection (1) of section

19  201.15, Florida Statutes, is amended to read:

20         201.15  Distribution of taxes collected.--All taxes

21  collected under this chapter shall be subject to the service

22  charge imposed in s. 215.20(1) and shall be distributed as

23  follows:

24         (1)  Sixty-two and sixty-three hundredths percent of

25  the remaining taxes collected under this chapter shall be used

26  for the following purposes:

27         (a)  Subject to the maximum amount limitations set

28  forth in this paragraph, an amount as shall be necessary to

29  pay the debt service on, or fund debt service reserve funds,

30  rebate obligations, or other amounts with respect to bonds

31  issued pursuant to s. 375.051 and payable from moneys

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                                                  SENATE AMENDMENT

    Bill No. CS/CS/HB 4551

    Amendment No.    





 1  transferred to the Land Acquisition Trust Fund pursuant to

 2  this paragraph shall be paid into the State Treasury to the

 3  credit of the Land Acquisition Trust Fund to be used for such

 4  purposes. The amount transferred to the Land Acquisition Trust

 5  Fund shall not exceed $90 million in fiscal year 1992-1993,

 6  $120 million in fiscal year 1993-1994, $150 million in fiscal

 7  year 1994-1995, $180 million in fiscal year 1995-1996, $210

 8  million in fiscal year 1996-1997, $240 million in fiscal year

 9  1997-1998, $270 million in fiscal year 1998-1999, and $300

10  million in fiscal year 1999-2000 and thereafter. After July 1,

11  2000, the amount transferred for prior debt service for the

12  Preservation 2000 Program and for new debt service for the

13  Florida Forever Program shall not exceed $330 million in

14  fiscal year 2000-2001, $360 million in fiscal year 2001-2002,

15  $390 million in fiscal year 2002-2003, $420 million in fiscal

16  year 2003-2004, $450 million in fiscal year 2004-2005, $480

17  million in fiscal year 2005-2006, $510 million in fiscal year

18  2006-2007, $540 million in fiscal year 2007-2008, $570 million

19  in fiscal year 2008-2009, and $600 million in fiscal year

20  2009-2010 and thereafter. No individual series of bonds may be

21  issued pursuant to this paragraph unless the first year's debt

22  service for such bonds is specifically appropriated in the

23  General Appropriations Act. No moneys transferred to the Land

24  Acquisition Trust Fund pursuant to this paragraph, or earnings

25  thereon, shall be used or made available to pay debt service

26  on the Save Our Coast revenue bonds.

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28  (Redesignate subsequent sections.)

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                                                  SENATE AMENDMENT

    Bill No. CS/CS/HB 4551

    Amendment No.    





 1  ================ T I T L E   A M E N D M E N T ===============

 2  And the title is amended as follows:

 3         On page 31, line 15, after the semicolon

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 5  insert:

 6         revising the amounts of tax revenues to be

 7         distributed for debt service on the

 8         Preservation 2000 Program and the Florida

 9         Forever Program;

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