House Bill 0401
CODING: Words stricken are deletions; words underlined are additions.
Florida House of Representatives - 1999 HB 401
By Representative Ball
1 A bill to be entitled
2 An act relating to bond financing; amending s.
3 159.804, F.S.; establishing an additional
4 region for purposes of the allocation of
5 private activity bonds issued in the state;
6 providing an effective date.
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8 Be It Enacted by the Legislature of the State of Florida:
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10 Section 1. Paragraph (b) of subsection (1) and
11 paragraph (b) of subsection (2) of section 159.804, Florida
12 Statutes, are amended to read:
13 159.804 Allocation of state volume limitation.--The
14 division shall annually determine the amount of private
15 activity bonds permitted to be issued in this state under the
16 Code and shall make such information available upon request to
17 any person or agency. The total amount of private activity
18 bonds authorized to be issued in this state pursuant to the
19 Code shall be initially allocated as follows on January 1 of
20 each year:
21 (1)
22 (b) If on January 1 of any year, under federal law,
23 bonds for manufacturing facilities no longer require or are
24 eligible for an allocation pursuant to s. 146 of the Code, the
25 allocation of the state volume limitation in the manufacturing
26 facility pool shall be divided among the remaining pools in
27 the following manner: 50 percent to be shared by the 17 16
28 regions for use in the manner prescribed in subsection (2); 25
29 percent for use by the Florida Housing Finance Agency in the
30 manner prescribed in subsection (3); 5 percent for use in the
31 state allocation pool in the manner prescribed in subsection
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Florida House of Representatives - 1999 HB 401
561-141-99
1 (4); and 20 percent for use in the Florida First Business
2 allocation pool in the manner prescribed in subsection (5).
3 (2)(a) Fifty percent of the state volume limitation
4 remaining after the allocation made pursuant to subsection (1)
5 shall be allocated among the regions established in paragraph
6 (b) for use by all agencies whose boundaries are coterminous
7 with or contained within each region. The volume limitation
8 for each regional allocation pool must be an amount that bears
9 the same ratio to 50 percent of the state volume limitation
10 remaining after the allocation made pursuant to subsection (1)
11 for such calendar year as the population of the region bears
12 to the population of the entire state.
13 (b) The following regions are established for the
14 purposes of this allocation:
15 1. Region 1 consisting of Bay, Escambia, Holmes,
16 Okaloosa, Santa Rosa, Walton, and Washington Counties.
17 2. Region 2 consisting of Calhoun, Franklin, Gadsden,
18 Gulf, Jackson, Jefferson, Leon, Liberty, and Wakulla Counties.
19 3. Region 3 consisting of Alachua, Bradford, Columbia,
20 Dixie, Gilchrist, Hamilton, Lafayette, Madison, Suwannee,
21 Taylor, and Union Counties.
22 4. Region 4 consisting of Baker, Clay, Flagler,
23 Nassau, Putnam, and St. Johns Counties.
24 5. Region 5 consisting of Citrus, Hernando, Levy,
25 Marion, Pasco, and Sumter Counties.
26 6. Region 6 consisting of Brevard, Lake, Osceola, and
27 Seminole, and Volusia Counties.
28 7. Region 7 consisting of DeSoto, Hardee, Highlands,
29 Manatee, Okeechobee, and Polk Counties.
30 8. Region 8 consisting of Charlotte, Collier, Glades,
31 Hendry, Lee, Monroe, and Sarasota Counties.
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Florida House of Representatives - 1999 HB 401
561-141-99
1 9. Region 9 consisting of Indian River, Martin, and
2 St. Lucie Counties.
3 10. Region 10 consisting of Broward County.
4 11. Region 11 consisting of Dade County.
5 12. Region 12 consisting of Duval County.
6 13. Region 13 consisting of Hillsborough County.
7 14. Region 14 consisting of Orange County.
8 15. Region 15 consisting of Palm Beach County.
9 16. Region 16 consisting of Pinellas County.
10 17. Region 17 consisting of Brevard and Volusia
11 Counties.
12 Section 2. This act shall take effect upon becoming a
13 law.
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16 HOUSE SUMMARY
17
With respect to pt. VI of ch. 159, F.S., the Florida
18 Private Activity Bond Allocation Act, establishes an
additional region, comprised of Brevard and Volusia
19 Counties, for purposes of the allocation of private
activity bonds issued in the state.
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