SENATE AMENDMENT
Bill No. CS for SB 1296, 1st Eng.
Amendment No. ___ Barcode 844036
CHAMBER ACTION
Senate House
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11 Senator Bronson moved the following amendment:
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13 Senate Amendment (with title amendment)
14 On page 9, between lines 14 and 15,
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16 insert:
17 Section 9. Paragraph (b) of subsection (3) of section
18 403.1835, Florida Statutes, is amended to read:
19 403.1835 Water pollution control financial
20 assistance.--
21 (3) The department may provide financial assistance
22 through any program authorized under s. 603 of the Federal
23 Water Pollution Control Act (Clean Water Act), Pub. L. No.
24 92-500, as amended, including, but not limited to, making
25 grants and loans, providing loan guarantees, purchasing loan
26 insurance or other credit enhancements, and buying or
27 refinancing local debt. This financial assistance must be
28 administered in accordance with this section and applicable
29 federal authorities. The department shall administer all
30 programs operated from funds secured through the activities of
31 the Florida Water Pollution Control Financing Corporation
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SENATE AMENDMENT
Bill No. CS for SB 1296, 1st Eng.
Amendment No. ___ Barcode 844036
1 under s. 403.1837, to fulfill the purposes of this section.
2 (b) The department may make or request the corporation
3 to make loans, grants, and deposits to other entities eligible
4 to participate in the financial assistance programs authorized
5 under the Federal Water Pollution Control Act, or as a result
6 of other federal action, which entities may pledge any revenue
7 available to them to repay any funds borrowed. Notwithstanding
8 s. 18.10, the department may make deposits to financial
9 institutions that earn less than the prevailing rate for
10 United States Treasury securities with corresponding
11 maturities for the purpose of enabling such financial
12 institutions to make below-market interest rate loans to
13 entities qualified to receive loans under this section and the
14 rules of the department.
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16 (Redesignate subsequent sections.)
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20 And the title is amended as follows:
21 On page 2, line 7, after the semicolon
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23 insert:
24 amending s. 403.1835, F.S.; authorizing the
25 department to deposit certain funds in
26 financial institutions to make below-market
27 loans for pollution control;
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