CODING: Words stricken are deletions; words underlined are additions.





                                                   HOUSE AMENDMENT

                                                  Bill No. HB 1825

    Amendment No. 01 (for drafter's use only)

                            CHAMBER ACTION
              Senate                               House
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 5                                           ORIGINAL STAMP BELOW

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10                                                                

11  Representative(s) Gay offered the following:

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13         Amendment (with title amendment) 

14         On page 5, between lines 8&9, of the bill

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16  insert:

17         Section 3.  Paragraph (d) of subsection (7) of section

18  163.01, Florida Statutes, is amended to read:

19         163.01  Florida Interlocal Cooperation Act of 1969.--

20         (7)(d)  Notwithstanding the provisions of paragraph

21  (c), any separate legal entity created pursuant to this

22  section and controlled by the municipalities or counties of

23  this state or by one or more municipality and one or more

24  county of this state, the membership of which consists or is

25  to consist of municipalities only, counties only, or one or

26  more municipality and one or more county, may, for the purpose

27  of financing or refinancing any capital projects, exercise all

28  powers in connection with the authorization, issuance, and

29  sale of bonds. Notwithstanding any limitations provided in

30  this section, all of the privileges, benefits, powers, and

31  terms of part I of chapter 125, part II of chapter 166, and

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    File original & 9 copies    04/22/99
    hgr0003                     11:00 am         01825-0074-902783




                                                   HOUSE AMENDMENT

                                                  Bill No. HB 1825

    Amendment No. 01 (for drafter's use only)





 1  part I of chapter 159 shall be fully applicable to such

 2  entity.  Bonds issued by such entity shall be deemed issued on

 3  behalf of the counties or municipalities which enter into loan

 4  agreements with such entity as provided in this paragraph.

 5  Any loan agreement executed pursuant to a program of such

 6  entity shall be governed by the provisions of part I of

 7  chapter 159 or, in the case of counties, part I of chapter

 8  125, or in the case of municipalities and charter counties,

 9  part II of chapter 166. Proceeds of bonds issued by such

10  entity may be loaned to counties or municipalities of this

11  state or a combination of municipalities and counties, whether

12  or not such counties or municipalities are also members of the

13  entity issuing the bonds.  The issuance of bonds by such

14  entity to fund a loan program to make loans to municipalities

15  or counties or a combination of municipalities and counties

16  with one another for capital projects to be identified

17  subsequent to the issuance of the bonds to fund such loan

18  programs is deemed to be a paramount public purpose.  Any

19  entity so created may also issue bond anticipation notes, as

20  provided by s. 215.431, in connection with the authorization,

21  issuance, and sale of such bonds.  In addition, the governing

22  body of such legal entity may also authorize bonds to be

23  issued and sold from time to time and may delegate, to such

24  officer, official, or agent of such legal entity as the

25  governing body of such legal entity may select, the power to

26  determine the time; manner of sale, public or private;

27  maturities; rate or rates of interest, which may be fixed or

28  may vary at such time or times and in accordance with a

29  specified formula or method of determination; and other terms

30  and conditions as may be deemed appropriate by the officer,

31  official, or agent so designated by the governing body of such

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    File original & 9 copies    04/22/99
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                                                   HOUSE AMENDMENT

                                                  Bill No. HB 1825

    Amendment No. 01 (for drafter's use only)





 1  legal entity.  However, the amounts and maturities of such

 2  bonds and the interest rate or rates of such bonds shall be

 3  within the limits prescribed by the governing body of such

 4  legal entity and its resolution delegating to such officer,

 5  official, or agent the power to authorize the issuance and

 6  sale of such bonds.  A local government self-insurance fund

 7  established under this section may financially guarantee bonds

 8  or bond anticipation notes issued or loans made under this

 9  subsection.  Bonds issued pursuant to this paragraph may be

10  validated as provided in chapter 75.  The complaint in any

11  action to validate such bonds shall be filed only in the

12  Circuit Court for Leon County.  The notice required to be

13  published by s. 75.06 shall be published only in Leon County,

14  and the complaint and order of the circuit court shall be

15  served only on the State Attorney of the Second Judicial

16  Circuit and on the state attorney of each circuit in each

17  county where the public agencies which were initially a party

18  to the agreement are located. Notice of such proceedings shall

19  be published in the manner and the time required by s. 75.06

20  in Leon County and in each county where the public agencies

21  which were initially a party to the agreement are located.

22  Obligations of any county or municipality pursuant to a loan

23  agreement as described in this paragraph may be validated as

24  provided in chapter 75.

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26

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

28  And the title is amended as follows:

29         On page 1, line 10,

30

31  after the semicolon, insert:

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    File original & 9 copies    04/22/99
    hgr0003                     11:00 am         01825-0074-902783




                                                   HOUSE AMENDMENT

                                                  Bill No. HB 1825

    Amendment No. 01 (for drafter's use only)





 1         amending s. 163.01, F.S.; allowing local

 2         government self-insurance reserves to be used

 3         to guarantee local government obligations under

 4         certain circumstances;

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    File original & 9 copies    04/22/99
    hgr0003                     11:00 am         01825-0074-902783