Senate Bill sb2018

    Florida Senate - 2001                                  SB 2018

    By Senator Silver





    38-1418-01

  1                      A bill to be entitled

  2         An act relating to determination of financial

  3         emergency; amending s. 218.503, F.S.;

  4         authorizing the use of surcharges on the rental

  5         of spaces at parking facilities in

  6         municipalities that have been declared in a

  7         state of financial emergency to facilitate

  8         economic growth by contributing to the

  9         development of public facilities; providing an

10         effective date.

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12  Be It Enacted by the Legislature of the State of Florida:

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14         Section 1.  Paragraph (b) of subsection (5) of section

15  218.503, Florida Statutes, is amended to read:

16         218.503  Determination of financial emergency.--

17         (5)

18         (b)  A municipal governing authority that imposes the

19  surcharge authorized by this subsection may use the proceeds

20  of such surcharge for the following purposes only:

21         1.  No less than 60 percent and no more than 80 percent

22  of the surcharge proceeds shall be used by the governing

23  authority to facilitate economic growth by contributing to the

24  development of public facilities, to reduce its ad valorem tax

25  millage rate, or to reduce or eliminate non-ad valorem

26  assessments.

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

28  shall be used by the governing authority to increase its

29  budget reserves; however, the governing authority shall not

30  reduce the amount it allocates for budget reserves from other

31  sources below the amount allocated for reserves in the fiscal

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






    Florida Senate - 2001                                  SB 2018
    38-1418-01




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

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

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

  4  fiscal years, the remaining proceeds from this subparagraph

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

  6  to outstanding obligations backed or secured by a covenant to

  7  budget and appropriate from non-ad valorem revenues.

  8         Section 2.  This act shall take effect July 1, 2001.

  9

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11                          SENATE SUMMARY

12    Authorizes the use of surcharges on rental of spaces at
      parking facilities, in municipalities that have been
13    declared in a state of financial emergency, to facilitate
      economic growth by contributing to the development of
14    public facilities.

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