SENATE AMENDMENT

    Bill No. CS/HB 547, 2nd Eng.

    Amendment No. ___   Barcode 962266

                            CHAMBER ACTION
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11  Senator Constantine moved the following amendment:

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13         Senate Amendment (with title amendment) 

14         On page 8, line 8, through page 10, line 8, delete

15  those lines

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17  and insert:

18         Section 7.  Paragraph (e) of subsection (3), paragraph

19  (c) of subsection (4), and paragraph (c) of subsection (9) of

20  section 420.9075, Florida Statutes, are amended to read:

21         420.9075  Local housing assistance plans;

22  partnerships.--

23         (3)  Each local housing assistance plan is governed by

24  the following criteria and administrative procedures:

25         (e)  The staff or entity that has administrative

26  authority for implementing a local housing assistance plan

27  assisting rental developments shall annually monitor and

28  determine tenant eligibility or, to the extent that another

29  governmental entity the Florida Housing Finance Corporation

30  provides the same monitoring and determination, a

31  municipality, county, or local housing financing authority may

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                                                  SENATE AMENDMENT

    Bill No. CS/HB 547, 2nd Eng.

    Amendment No. ___   Barcode 962266





  1  rely on such monitoring and determination of tenant

  2  eligibility. However, any loan or grant in the original amount

  3  of $3,000 or less shall not be subject to these annual

  4  monitoring and determination-of-tenant-eligibility

  5  requirements.

  6         (4)  The following criteria apply to awards made to

  7  eligible sponsors or eligible persons for the purpose of

  8  providing eligible housing:

  9         (c)  The sales price or value of new or existing

10  eligible housing may not exceed 90 percent of the average area

11  purchase price in the statistical area in which the eligible

12  housing is located, which housing was purchased during the

13  most recent 12-month period for which sufficient statistical

14  information is available or, as established by the United

15  States Department of Treasury. Such average area purchase

16  price may be that calculated for any 12-month period beginning

17  not earlier than the fourth calendar year prior to the year in

18  which the award occurs.

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22  And the title is amended as follows:

23         On page 2, lines 13 through 18, delete those lines

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25  and insert:

26         purchase price under such plans; revising

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