SENATE AMENDMENT

    Bill No. CS for SB 260

    Amendment No.    

                            CHAMBER ACTION
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11  Senators Silver and Gutman moved the following amendment:

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13         Senate Amendment (with title amendment) 

14         On page 31, before line 1,

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16  insert:

17         Section 14.  Subsection (5) is added to section

18  218.503, Florida Statutes, to read:

19         218.503  Determination of financial emergency.--

20         (5)(a)  The governing authority of any municipality

21  with a resident population of 300,000 or more on April 1,

22  1999, and which has been declared in a state of financial

23  emergency pursuant to this section within the previous 2

24  fiscal years may impose a discretionary per-vehicle surcharge

25  of up to 20 percent on the gross revenues of the sale, lease,

26  or rental of space at parking facilities within the

27  municipality that are open for use to the general public.

28         (b)  A municipal governing authority that imposes the

29  surcharge authorized by this subsection may use the proceeds

30  of such surcharge for the following purposes only:

31         1.  No more than 80 percent of the surcharge proceeds

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                                                  SENATE AMENDMENT

    Bill No. CS for SB 260

    Amendment No.    





 1  shall be used by the governing authority to reduce its ad

 2  valorem tax millage rate or to reduce or eliminate non-ad

 3  valorem assessments.

 4         2.  A portion of the balance of the surcharge proceeds

 5  shall be used by the governing authority to increase its

 6  budget reserves; however, the governing authority shall not

 7  reduce the amount it allocates for budget reserves from other

 8  sources below the amount allocated for reserves in the fiscal

 9  year prior to the year in which the surcharge is initially

10  imposed. When a 15 percent budget reserve is achieved, based

11  on the average gross revenue for the most recent 3 prior

12  fiscal years, the remaining proceeds from this subparagraph

13  shall be used for the payment of annual debt service related

14  to outstanding obligations backed or secured by a covenant to

15  budget and appropriate from non-ad valorem revenues.

16         (c)  This subsection is repealed on June 30, 2006.

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18  (Redesignate subsequent sections.)

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

22  And the title is amended as follows:

23         On page 3, line 9, after the semicolon

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25  and insert:

26         amending s. 218.503, F.S.; authorizing certain

27         municipalities to impose a discretionary

28         per-vehicle surcharge on the gross revenues of

29         the sale, lease, or rental of space at parking

30         facilities within the municipality that are

31         open for use to the public; providing for use

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                                                  SENATE AMENDMENT

    Bill No. CS for SB 260

    Amendment No.    





 1         of surcharge proceeds;

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