House Bill hb0467

    Florida House of Representatives - 2001                 HB 467

        By Representative Lacasa






  1                      A bill to be entitled

  2         An act relating to local government; amending

  3         s. 218.503, F.S.; clarifying language;

  4         extending the repeal date for provisions which

  5         allow certain municipalities that have been

  6         declared in a state of financial emergency to

  7         impose a per-vehicle surcharge on revenues from

  8         the sale or rental of space at parking

  9         facilities; providing an effective date.

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

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13         Section 1.  Subsection (5) of section 218.503, Florida

14  Statutes, is amended to read:

15         218.503  Determination of financial emergency.--

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

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

18  1999, and which has been declared in a state of financial

19  emergency pursuant to this section within the previous 2

20  fiscal years previous to that date may impose a discretionary

21  per-vehicle surcharge of up to 20 percent on the gross

22  revenues of the sale, lease, or rental of space at parking

23  facilities within the municipality that are open for use to

24  the general public.

25         (b)  A municipal governing authority that imposes the

26  surcharge authorized by this subsection may use the proceeds

27  of such surcharge for the following purposes only:

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

29  of the surcharge proceeds shall be used by the governing

30  authority to reduce its ad valorem tax millage rate or to

31  reduce or eliminate non-ad valorem assessments.

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






    Florida House of Representatives - 2001                 HB 467

    574-176-01






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

  2  shall be used by the governing authority to increase its

  3  budget reserves; however, the governing authority shall not

  4  reduce the amount it allocates for budget reserves from other

  5  sources below the amount allocated for reserves in the fiscal

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

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

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

  9  fiscal years, the remaining proceeds from this subparagraph

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

11  to outstanding obligations backed or secured by a covenant to

12  budget and appropriate from non-ad valorem revenues.

13         (c)  This subsection is repealed on June 30, 2007 2006.

14         Section 2.  This act shall take effect upon becoming a

15  law.

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17            *****************************************

18                          HOUSE SUMMARY

19
      Extends from June 30, 2006, to June 30, 2007, the repeal
20    date for provisions which allow certain municipalities
      that have been declared in a state of financial emergency
21    to impose a per-vehicle surcharge on revenues from the
      sale or rental of space at parking facilities.
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CODING: Words stricken are deletions; words underlined are additions.