CODING: Words stricken are deletions; words underlined are additions.
SENATE AMENDMENT
Bill No. CS for SB 690
Amendment No.
CHAMBER ACTION
Senate House
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11 Senator Campbell moved the following amendment:
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13 Senate Amendment (with title amendment)
14 On page 3, lines 3 and 4, delete those lines
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16 and insert:
17 Section 2. Subsection (19) of section 420.503, Florida
18 Statutes, 1998 Supplement, is amended to read:
19 420.503 Definitions.--As used in this part, the term:
20 (19) "Housing for the elderly" means, for purposes of
21 s. 420.5087(3)(c)2., any nonprofit housing community that is
22 financed by a mortgage loan made or insured by the United
23 States Department of Housing and Urban Development under s.
24 202, s. 202 with a s. 8 subsidy, s. 221(d)(3) or (4), or s.
25 236 of the National Housing Act, as amended, and that is
26 subject to income limitations established by the United States
27 Department of Housing and Urban Development, or any program
28 funded by the Rural Development Agency of the United States
29 Department of Agriculture and subject to income limitations
30 established by the United States Department of Agriculture. A
31 project which qualifies for an exemption under the Fair
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SENATE AMENDMENT
Bill No. CS for SB 690
Amendment No.
1 Housing Act as housing for older persons as defined by s.
2 760.29(4) shall qualify as housing for the elderly for
3 purposes of s. 420.5087(3)(c)2. In addition, if the
4 corporation adopts a qualified allocation plan pursuant to s.
5 42(m)(1)(B) of the Internal Revenue Code or any other rules
6 that prioritize projects targeting the elderly for purposes of
7 allocating tax credits pursuant to s. 420.5099 or for purposes
8 of the HOME program under s. 420.5089, a project which
9 qualifies for an exemption under the Fair Housing Act as
10 housing for older persons as defined by s. 760.29(4) shall
11 qualify as a project targeted for the elderly, if the project
12 satisfies the other requirements set forth in this part.
13 Section 3. If any provision of this act or its
14 application to any particular person or circumstance is held
15 invalid, that provision or its application is severable and
16 does not affect the validity of other provisions of or
17 applications of this act.
18 Section 4. This act shall take effect upon becoming a
19 law.
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23 And the title is amended as follows:
24 Delete everything before the enacting clause
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26 and insert:
27 A bill to be entitled
28 An act relating to housing for older persons;
29 amending s. 760.29, F.S.; providing that
30 certain housing facilities or communities shall
31 be deemed housing for older persons despite
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SENATE AMENDMENT
Bill No. CS for SB 690
Amendment No.
1 specified provisions in the document which
2 governs deed restrictions pertaining to that
3 facility or community; amending s. 420.503,
4 F.S.; providing that certain projects shall
5 qualify as housing for the elderly for purposes
6 of certain loans under the State Apartment
7 Incentive Loan Program, and shall qualify as a
8 project targeted for the elderly in connection
9 with allocation of low-income housing tax
10 credits and with the HOME program under certain
11 conditions; providing for severability of
12 invalid provisions, providing an effective
13 date.
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