HB 1605

CS

CHAMBER ACTION

1	The Committee on Local Government & Veterans' Affairs recommends
2	the following:
3
4	Committee Substitute
5	Remove the entire bill and insert:
6	A bill to be entitled
7	An act relating to the South Broward Hospital District,
8	Broward County; providing for codification of special laws
9	regarding special districts pursuant to section 189.429,
10	Florida Statutes, relating to South Broward Hospital
11	District, an independent special tax district in Broward
12	County; providing legislative intent; codifying,
13	repealing, amending, and reenacting chapters 24415 (1947),
14	59-1125, 59-1126, 59-1128, 61-1925, 61-1932, 61-1935, 63-
15	1180, 65-1296, 65-1339, 67-1164, 69-910, 70-618, 71-566,
16	71-577, 72-494, 74-436, 74-450, 75-346, 75-349, 76-337,
17	76-339, 79-431, 80-459, 80-466, 80-467, 80-469, 81-351,
18	82-269, 83-378, 84-400, 90-488, and 99-423, Laws of
19	Florida; providing district boundaries; providing for a
20	board of commissioners; providing powers, functions, and
21	duties of the district and its board of commissioners;
22	providing a district charter; providing for liberal
23	construction; providing a saving clause in the event any
24	provision of the act is deemed invalid; providing an
25	effective date.
26
27	Be It Enacted by the Legislature of the State of Florida:
28
29	Section 1.  Pursuant to section 189.429, Florida Statutes,
30	this act constitutes the codification of all special acts
31	relating to the South Broward Hospital District. It is the
32	intent of the Legislature in enacting this law to provide a
33	single, comprehensive special act charter for the district,
34	including all current legislative authority granted to the
35	district by its several legislative enactments and any
36	additional authority granted by this act. It is further the
37	intent to preserve all district authority, including the
38	authority to annually assess and levy ad valorem taxes against
39	all assessable property in the district.
40	Section 2.  Chapters 24415 (1947), 59-1125, 59-1126, 59-
41	1128, 61-1925, 61-1932, 61-1935, 63-1180, 65-1296, 65-1339, 67-
42	1164, 69-910, 70-618, 71-566, 71-577, 72-494, 74-436, 74-450,
43	75-346, 75-349, 76-337, 76-339, 79-431, 80-459, 80-466, 80-467,
44	80-469, 81-351, 82-269, 83-378, 84-400, 90-488, and 99-423, Laws
45	of Florida, relating to the South Broward Hospital District, are
46	codified, reenacted, amended, and repealed as herein provided.
47	Section 3.  The South Broward Hospital District is re-
48	created, and the charter for the district is re-created and
49	reenacted to read:
50	Section 1.  An independent special tax district is hereby
51	created and incorporated, to be known as "South Broward Hospital
52	District" in Broward County, which said district shall embrace
53	and include the following described property in Broward County,
54	to-wit:
55
56	(1)  Begin at a point where the North boundary line of
57	Section 25, Township 50 South, Range 42 east
58	intersects the line of mean low tide of the Atlantic
59	Ocean; thence run westerly along the North boundary
60	line of Sections 25, 26, 27, 28, 29 and 30 in Township
61	50 South, Range 42 East, and continue westerly along
62	the North boundary line of Sections 25, 26, 27, 28, 29
63	and 30 in Township 50 South,  Range 41 East, to the
64	westerly boundary of Range 41 East, thence continue in
65	a southerly direction along the westerly boundary line
66	of said Section 30 to a point of intersection with the
67	North boundary line of Section 25, Township 50 South,
68	Range 40 East, extended easterly; thence westerly
69	along the North boundary line of said Section 25 to
70	the Northwest corner of said Section 25, Township 50
71	South, Range 40 East; thence in a southerly direction
72	along the West boundary line of Sections 25 and 36 of
73	Township 50 South, Range 40 East, and continue
74	southerly along the West boundary lines of Sections 1,
75	12, 13, 24, 25 and 36, Township 51 South, Range 40
76	East, to the southwest corner of said Section 36;
77	thence easterly along the South boundary line of said
78	Section 36 to the southeast corner thereof; thence run
79	northerly along the East line of Section 36, Township
80	51 South, Range 40 East to a point where the south
81	boundary line of  Section 30, Township 51 South, Range
82	41 East, intersects the east boundary line of said
83	Section 36, Township 51 South, Range 40 East; thence
84	run easterly along the south boundary line of Sections
85	30, 29, 28, 27, 26 and 25 in Township 51 South, Range
86	41 East, and continue easterly along the south
87	boundary line of Sections 30, 29, 28, 27, 26 and 25 in
88	Township 51 South, Range 42 East, to a point where the
89	south boundary line of said Section 25, Township 51
90	South, Range 42 East; intersects the mean low tide of
91	the Atlantic Ocean; thence run northerly along said
92	mean low tide line of Atlantic Ocean to the point of
93	beginning expressly excepting from the foregoing
94	description all lands lying and being within the
95	corporate limits of the City of Fort Lauderdale,
96	Broward County, Florida, as the said limits existed on
97	June 4, 1947.
98
99	(2)  Begin at the Northwest corner of Section 25, Township
100	50 South, Range 40 East; thence run Westerly along the
101	North boundary line of Sections 26 to 30, inclusive,
102	of Township 50 South, Range 40 East, and continue
103	Westerly along the North boundary line of Sections 25
104	to 30, inclusive, of Township 50 South, Range 39 East,
105	and continue Westerly along the North boundary line of
106	Sections 25 to 30, inclusive, of Township 50 South,
107	Range 38 East, and continue Westerly along the North
108	boundary line of Sections 25 to 30, inclusive, of
109	Township 50 South, Range 37 East, to the East boundary
110	line of Section 25, Township 50 South, Range 36 East;
111	thence run Northerly along said East boundary line of
112	said Section 25 to the Northeast corner of said
113	Section 25, Township 50 South, Range 36 East; thence
114	continue Westerly along the North boundary line of
115	Sections 25 to 30, inclusive, of Township 50 South,
116	Range 36 East, and continue Westerly along the North
117	boundary line of Sections 25 to 30, inclusive of
118	Township 50 South, Range 35 East, to the Western
119	boundary line of Broward County, Florida; thence run
120	Southerly along the said west boundary line of Broward
121	County, Florida to the Southwest corner of Broward
122	County, Florida; thence run Easterly along the South
123	boundary line of Broward County, Florida to the
124	Southwest corner of Section 36, Township 51 South,
125	Range 40 East; thence run North along the West
126	boundary line of Sections 36, 25, 24, 13, 12, and 1 of
127	Township 51 South, Range 40 East; continue Northerly
128	along the west boundary line of Sections 36 and 25 of
129	Township 50 South Range 40 East to the Northwest
130	corner of said Section 25, Township 50 South, Range 40
131	East, which is the point of the beginning.
132
133	Section 2.  That said South Broward Hospital District shall
134	be composed of the following subdistricts:
135
136	(1)  Sub-district No. 1 shall include the following
137	described property:
138
139	Beginning at the point where the north boundary line
140	of Section 25, Township 50 South, Range 42 East,
141	Broward County, Florida, intersects the mean low water
142	line of the Atlantic Ocean, run Westerly along the
143	north line of Sections 25, 26, 27, 28, 29 and 30 in
144	Township 50 South, Range 42 East, and continue
145	Westerly along the north line of Sections 25, 26 and
146	27 in Township 50 South, Range 41 East to the
147	northwest corner of said Section 27; thence, Southerly
148	along the west line of Sections 27 and 34 in Township
149	50 South, Range 41 East, and continue Southerly along
150	the west line of Section 3, Township 51 South, Range
151	42 East, to the southwest corner of said Section 3,
152	thence, Easterly along the south line of Sections 3, 2
153	and 1, Township 51 South, Range 41 East, and continue
154	Easterly along the south line of Sections 6, 5, 4, 3,
155	2 and 1 in Township 51 South, Range 42 East, to the
156	point of intersection with the mean low water line of
157	the Atlantic Ocean; thence, Northerly along said mean
158	low water line of the Atlantic Ocean to the point of
159	beginning; expressly excepting from the foregoing
160	description all lands, if any, lying and beginning
161	within the corporate limits of the City of Fort
162	Lauderdale, Broward County, Florida, as the said
163	limits exist on the date of passage of this act.
164
165	(2)  Subdistrict No. 2 shall include the following
166	described property:
167
168	Beginning at the point where the south boundary line
169	of Section 1, Township 51 South, Range 42 East,
170	Broward County, Florida, intersects the mean low water
171	line of the Atlantic Ocean, run Westerly along the
172	south line of Sections 1, 2, 3, 4, 5 and 6 in Township
173	51 South, Range 42 East, and continue Westerly along
174	the south line of Sections 1, 2 and 3 in Township 51
175	South, Range 41 East, to the southwest corner of said
176	Section 3; thence, Southerly along the west line of
177	Sections 10, 15 and 22 in Township 51 South, Range 41
178	East, to the Quarter Corner on the west boundary of
179	said Section 22; thence, Easterly along the Quarter
180	Section line through Sections 22, 23 and 24 in
181	Township 51 South, Range 41 East, and continue
182	Easterly along the Quarter Section line through
183	Sections 19, 20, 21, 22, 23 and 24 in Township 51
184	South, Range 42 East, to the point of intersection
185	with the mean low water line of the Atlantic Ocean;
186	thence, Northerly along said mean low water line of
187	the Atlantic Ocean to the point of beginning.
188
189	(3)  Subdistrict No. 3 shall include the following
190	described property:
191
192	Beginning at the point where the East-West Quarter
193	Section line of Section 24, Township 51 South, Range
194	42 East, Broward County, Florida, intersects the mean
195	low water line of the Atlantic Ocean, run westerly
196	along the Quarter Section line through Sections 24,
197	23, 22, 21, 20 and 19, Township 51 South, Range 42
198	East, and continue Westerly along the Quarter Section
199	line, Range 41 East, to the west boundary of said
200	Section 22; thence, Southerly along the west line of
201	Sections 22 and 27 in Township 51 South, Range 41
202	East, to the southwest corner of said Sections 27, 26
203	and 25 in Township 51 South, Range 41 East, and
204	continue Easterly along the south line of Sections 30,
205	29, 28, 27 and 26 in Township 51 South, Range 42 East,
206	to the point of intersection with the mean low water
207	line of the Atlantic Ocean to the point of beginning.
208
209	(4)  Subdistrict No. 4 shall include the following
210	described property:
211
212	Beginning at the northeast corner of Section 28,
213	Township 50 South, Range 41 East, Broward County,
214	Florida, run Westerly along the north line of Sections
215	28, 29 and 30 in Township 50 South, Range 41, East, to
216	the west line of Range 41 East, thence, Southerly
217	along the west line of said Section 30 to a point of
218	intersection with the north line of Section 25,
219	Township 50 South, Range 40 East, extended easterly;
220	thence, Westerly along the north line of Sections 25,
221	26, 27, 28, 29 and 30 in Township 50 South, Range 40
222	East and continue Westerly along the north line of
223	Sections 25, 26, 27, 28, 29 and 30 in Township 50
224	South, Range 39 East, and continue Westerly along the
225	north line of Sections 25, 26, 27, 28, 29 and 30,
226	Township 50 South, Range 37 East, to the east line of
227	Section 25, Township 50 South, Range 36 East; thence
228	Northerly along the east line of said Section 25 to
229	the northeast corner of said Section 25; thence
230	Westerly along the north line of Sections 25, 26, 27,
231	28, 29 and 30, Township 50 South, Range 36 East, and
232	continue Westerly along the north line of Sections 25,
233	26, 27, 28, 29 and 30, Township 50 South, Range 35
234	East, to the west line of Range 35 East, being the
235	western limits of Broward County; thence Southerly
236	along the west line of Range 35 to the southwest
237	corner of Section 18, Township 51 South, Range 35
238	East; thence, Easterly along the south line of
239	Sections 18, 17, 16, 15, 14 and 13, Township 51 South,
240	Range 36 East to the east line of said Range 36 East;
241	thence Southerly along said east line of Range 36 East
242	to the Southwest corner of Section 7, Township 51
243	South Range 37 East; thence, Easterly along the south
244	line of Sections 7, 8, 9, 10, 11 and 12, Township 51
245	South, Range 37 East, and continue Easterly along the
246	south line of Sections 7, 8, 9, 10, 11 and 12,
247	Township 51 South, Range 38 East, and continue
248	Westerly along the south line of Sections 7, 8, 9, 10,
249	11 and 12, Township 51 South, Range 39 East, and
250	continue Easterly along the south line of Sections 7,
251	8, 9, 10, 11 and 12, Township 51 South, Range 40 East,
252	and continue Easterly along the south line of Sections
253	7, 8, and 9, Township 51 South, Range 41 East to the
254	southeast corner of said Section 9; thence Northerly
255	along the east line of Sections 9 and 4, Township 51
256	South, Range 41 East, and continue Northerly along the
257	east line of Sections 33 and 28, Township 50 South,
258	Range 41 East, to the point of beginning.
259
260	(5)  Subdistrict No. 5 shall include the following
261	described property:
262
263	Beginning at the northeast corner of Section 16,
264	Township 51 South, Range 41 East, Broward County,
265	Florida, run Westerly along the north line of Sections
266	16, 17 and 18, Township 51 South, Range 41 East, and
267	continue Westerly along the north line of Sections 13,
268	14, 15, 16, 17 and 18, Township 51 South, Range 40
269	East, and continue Westerly along the north line of
270	Sections 13, 14, 15, 16, 17 and 18, Township 51 South,
271	Range 39 East, and continue Westerly along the north
272	line of Sections 13, 14, 15, 16, 17 and 18, Township
273	51 South, Range 37 East, to the east line of Range 36
274	East to the northeast corner of Section 24, Township
275	51 South, Range 36 East; thence, Westerly along the
276	north line of Sections 24, 23, 22, 21, 20 and 19,
277	Township 51 South, Range 36 East, and continue
278	Westerly along the north line of Sections 24, 23, 22,
279	21, 20 and 19, Township 51 South, Range 35 East, to
280	the west line of Range 35 East, being the western
281	limits of Broward County; thence, Southerly along the
282	west line of Range 35 to the south line of Township 51
283	South; thence Easterly along the south line of said
284	Township 51 to the west line of Range 37 East; thence,
285	Southerly along the west line of Range 37 to the
286	southwest corner of Section 31, Township 51 South,
287	Range 37 East; thence Easterly along the south line of
288	Township 51 to the east line of Range 40 East; thence
289	northerly along the east line of said Range 40 to the
290	southwest corner of Section 30, Township 51 South,
291	Range 41 East; thence, Easterly along the south line
292	of Sections 30, 29 and 28 to the southeast corner of
293	said Section 28; thence, Northerly along the east line
294	of Section 28, 21 and 16 to the point of beginning.
295
296	(6)  Subdistrict Nos. 6 and 7 shall both include all
297	of the area within subdistrict Nos. 1, 2, 3, 4 and 5.
298
299	Section 3.  The governing body of the South Broward
300	Hospital District shall consist of seven commissioners who shall
301	serve without compensation. All commissioners shall be qualified
302	electors residing in Broward County for more than 1 year and in
303	said subdistricts for more than 90 days prior to the
304	appointment; one of whom shall reside in subdistrict No. 1, one
305	of whom shall reside in subdistrict No. 2, one of whom shall
306	reside in subdistrict No. 3, one of whom shall reside in
307	subdistrict No. 4, one of whom shall reside in subdistrict No.
308	5, and two of whom shall reside in subdistricts 6 and 7, and
309	they shall be known and designated as the "Board of
310	Commissioners of the South Broward Hospital District." It is not
311	a requirement for office that any commissioner be a freeholder.
312	Commissioners shall be appointed for staggered terms of 4 years
313	each and shall serve until their successors are appointed. The
314	Governor shall have the power to remove any member of said board
315	of commissioners for cause, and shall fill any vacancies that
316	may at any time occur therein.  Each member shall give bond to
317	the Governor for the faithful performance of his or her duties
318	in the sum of $5,000 with a surety company qualified to do
319	business in the state, as surety, which bond shall be approved
320	and kept by the Clerk of the Circuit Court of Broward County.
321	The premiums on said bond shall be paid as part of the expenses
322	of said district. The respective terms of the commissioners in
323	office at the time this law shall take effect shall continue for
324	their term of office and shall thereafter continue until their
325	successors are appointed and qualified as herein provided.
326	Section 4.  (1)  The Board of Commissioners of the South
327	Broward Hospital District shall have all of the following
328	governmental, corporate, and proprietary powers:
329	(a)  To enable the board of commissioners to provide any
330	and all types of health care facilities, equipment, and services
331	and any and all types of facilities, equipment, and services
332	related or incidental thereto, directly or indirectly, whether
333	alone, or in conjunction with other public or private persons,
334	not for profit or for profit.
335	(b)  To sponsor, with any form of assistance not expressly
336	prohibited by the State Constitution, the formation,
337	organization, capitalization, and operation of public or private
338	persons, not for profit or for profit, providing or intending to
339	provide any types of health facilities, equipment, and services
340	or any facilities, equipment, or services related or incidental
341	thereto, and to provide, from assets and resources then owned by
342	the district, or assets and resources specifically acquired for
343	the purpose, goods and services to such persons by sale, lease,
344	contract, grant, gift, or otherwise upon such terms and
345	conditions as the board of commissioners may determine in its
346	sole discretion are in the public interest.
347	(c)  To restructure and reorganize all or part of the
348	assets, liabilities, and operations of the district into such
349	public or private persons, not for profit or for profit, as the
350	board of commissioners may in its sole discretion determine are
351	in the public interest and are not expressly prohibited by the
352	State Constitution, whether for the purpose of having such
353	persons conduct operations previously conducted by the district
354	or having such persons conduct operations which the district has
355	the power to conduct directly but has not undertaken directly.
356	(d)  Without limiting the generality of the foregoing, to
357	exercise all of the powers of a corporation organized pursuant
358	to chapter 607, Florida Statutes.
359	(e)  To establish and maintain, or to sponsor the
360	establishment and maintenance, directly or indirectly, alone or
361	in conjunction with other public or private persons, not for
362	profit or for profit, with any form of assistance from the
363	district not expressly prohibited by the State Constitution,
364	health maintenance organizations or services, preferred provider
365	organizations or services, programs for cost containment, health
366	insurance, or indemnity benefit systems, service benefit
367	systems, and any other organization or system that provides, or
368	arranges for the provision of, health care services or otherwise
369	pays for, or protects residents and nonresidents of the district
370	against, the costs of health care services.
371	(f)  To sue and be sued under the name of South Broward
372	Hospital District.
373	(g)  To contract and be contracted with.
374	(h)  To adopt and use a common seal and to alter the same
375	at pleasure.
376	(i)  To acquire, purchase, hold, lease, and convey such
377	real and personal property as the board deems proper or
378	expedient.
379	(j)  To appoint and employ a superintendent or
380	administrator and such other agents and employees as the board
381	deems advisable.
382	(k)  To borrow money and to issue the notes, bonds, and
383	other evidences of indebtedness of the district therefore to
384	carry out the provisions of this act in the manner hereinafter
385	provided.
386	(2)  The provisions of this act shall be so construed as to
387	secure and extend to the board of commissioners all powers,
388	whether governmental, corporate, or proprietary, not expressly
389	prohibited by the State Constitution and to remove any
390	limitations judicially imposed or otherwise. No person whom the
391	district sponsors, or with whom the district contracts, or to
392	whom the district sponsors, or with personal property, goods, or
393	services, by contract, lease, sales, grant, gift, or otherwise,
394	shall be deemed an agency of the district. It is hereby found
395	and declared to be a public purpose and necessity for the
396	preservation of the public health and for public use and for the
397	welfare of the district and the residents thereof that the board
398	of commissioners of the district have the broadest possible
399	power to provide and structure health facilities and services,
400	and facilities and services incidental or related thereto, in
401	order to meet all types of health needs, and pursuant thereto to
402	have the broadest flexibility to involve public and private
403	persons, for profit and not for profit, in the establishment,
404	maintenance, and operation of such facilities and services so as
405	to provide the board of commissioners with the greatest
406	flexibility permitted by the State Constitution to establish,
407	maintain, and operate, alone or in conjunction with other public
408	or private persons, not for profit and for profit, such health
409	facilities and services, and facilities and services related or
410	incidental thereto, which in the sole judgment of the board of
411	commissioners are responsive to the health needs of the district
412	and are in the public interest.
413	Section 5.  Four of said commissioners shall constitute a
414	quorum, and a vote of at least three of the commissioners shall
415	be necessary to the transaction of any business of the district.
416	The commissioners shall cause true and accurate minutes and
417	records to be kept of all business transacted by them, and shall
418	keep full, true, and complete books of account and minutes,
419	which minutes, records, and books of account shall at all
420	reasonable times be open and subject to the inspection of
421	inhabitants of the district; and any person desiring to do so
422	may make or procure a copy of the minutes, records, or books of
423	account, or such portions thereof as he may desire.
424	Section 6.  The South Broward Hospital District is
425	authorized and empowered to create an employees' pension fund so
426	as to provide for life and/or disability and/or medical
427	insurance for all or any of its employees or officers on a group
428	insurance or other acceptable plan approved by said Board of
429	Commissioners of South Broward Hospital District, and to
430	establish and create by resolution an employees' pension,
431	annuity, and/or retirement plan for any and all groups of
432	officers and employees employed by the South Broward Hospital
433	District and qualifying for such plan, and to pay all or such
434	portion of the cost of any such employees' pension, annuity,
435	and/or retirement plan from funds available to the district from
436	its authorized sources with employees defraying the balance
437	thereof, if any, as said board of commissioners by resolution
438	may determine for any and all groups of officers and employees
439	employed by said South Broward Hospital District.
440	Section 7.  Without in any way limiting the powers set
441	forth in section 4, the board of commissioners is hereby
442	authorized and empowered to establish, construct, operate, and
443	maintain such hospital or hospitals and other health facilities
444	as in their opinion are necessary for the use of the people of
445	the district, and to establish, construct, operate, and maintain
446	such facilities for the care of such persons requiring limited
447	medical care or treatment as in their opinion is necessary for
448	the people of the district. The hospital or hospitals, other
449	health facilities, and facilities for limited care and treatment
450	shall be established, constructed, operated, and maintained by
451	the board of commissioners for the preservation of the public
452	health, for the public good, and for the use of the public of
453	the district; and maintenance of the hospital or hospitals,
454	other health facilities, and facilities for limited care and
455	treatment within the district is hereby found and declared to be
456	a public purpose and necessary for the preservation of the
457	public health, for public use, and for the welfare of the
458	district and inhabitants thereof. The location and legal form
459	and structure of such hospital or hospitals, other health
460	facilities, and facilities for limited care and treatment shall
461	be determined by the board.
462	Section 8.  (1)  The board of commissioners is hereby
463	authorized and empowered at any time in their discretion to
464	establish and maintain, in connection with such hospital, and as
465	a part thereof, or in connection with any other educational or
466	vocational institution in the state, a school or training
467	program for nurses, paramedics, medical technicians, and other
468	technical employees in the hospital, medical, or related field.
469	Said board of commissioners are authorized and empowered to set
470	up all rules and regulations necessary for the operation of such
471	training program whether it be in a school, hospital, or within
472	departments of the hospital, and they are further authorized to
473	make all necessary expenditures in connection therewith,
474	including payments and other assistance to other educational or
475	vocational institutions in the state having such a curriculum or
476	training program.
477	(2)  In the event the schools are established within the
478	hospital, the hospital may, upon completion of the prescribed
479	course of training, give to such nurses, paramedics, medical, or
480	related fields, who have satisfactorily completed the said
481	course, a diploma or certificate of training. Similarly, the
482	board is empowered to setup such cooperative doctors' residence
483	programs with any institution of higher learning in the state.
484	Section 9.  The board shall have the power of eminent
485	domain, and may thereby condemn and acquire any real or personal
486	property within the territorial limits of this district, which
487	the board may deem necessary for the use of said district. Such
488	power of condemnation shall be exercised in the same manner as
489	is now provided by the general law for the exercise of the power
490	of eminent domain by cities and towns of the state.
491	Section 10.  (1)  The term "anticipation time warrants"
492	means bond anticipation notes, grant anticipation notes, revenue
493	anticipation notes, and tax anticipation notes; such
494	anticipation time warrants may be issued in the form of
495	commercial paper.
496	(2)  The district is hereby authorized and empowered, in
497	order to provide facilities, including real and personal
498	property, and to carry out, exercise, and perform its powers and
499	duties, and for any other lawful purpose, to borrow money from
500	time to time, as the board determines is in the best interest of
501	the district, and to issue and sell the anticipation time
502	warrants of the district, and to refund the same by issuing the
503	refunding anticipation time warrants of the district, all upon
504	such terms, having such maturities, form, and terms, and bearing
505	such rate or rates of interest, including variable rates, as may
506	be determined by the board or, if issued in the form of
507	commercial paper, as may be determined by the chair, vice chair,
508	or the secretary-treasurer within guidelines and limits
509	determined by the board, as hereinafter provided in this
510	section.
511	(3)  The district is authorized to borrow money and to
512	issue bond anticipation notes in anticipation of the issuance of
513	bonds under section 11 and in anticipation of the issuance of
514	revenue certificates under section 12, all as provided in
515	section 215.431, Florida Statutes, as the said section may from
516	time to time hereafter be amended, to expend the proceeds
517	thereof for the purposes for which such bonds or revenue
518	certificates are to be issued and to pledge, by resolution or
519	contract, the proceeds to be derived from the sale of such bonds
520	or revenue certificates and other legally available funds of the
521	district for the payment of the principal thereof, premium, if
522	any, and interest thereon.
523	(4)  The district is hereby authorized to borrow money and
524	to issue grant anticipation notes having a maturity of not more
525	than 5 years in anticipation of the receipt of any federal,
526	state, private, or other grant, to expend the proceeds thereof
527	for the purposes for which such grant has been made, and to
528	pledge, by resolution or contract, the moneys to be received
529	from such grant and other legally available funds of the
530	district for the payment of the principal thereof, premium, if
531	any, and interest thereon.
532	(5)  The district is hereby authorized to borrow money and
533	to issue revenue anticipation notes having a maturity of not
534	more than 5 years in anticipation of the receipt of revenues,
535	other than ad valorem tax revenues, to expend the proceeds
536	thereof for the purposes set forth in section 15 or for any
537	other lawful purpose, and to pledge, by resolution or contract,
538	revenues of the district, other than ad valorem tax revenues,
539	for the payment of the principal thereof, premium, if any, and
540	interest thereon.
541	(6)  The district is hereby authorized to borrow money and
542	to issue tax anticipation notes having a maturity of not more
543	than 5 years and to levy and appropriate and to pledge, by
544	resolution or contract, ad valorem taxes and other legally
545	available funds of the district in payment of the principal
546	thereof, premium, if any, and interest thereon, provided,
547	however, that no tax anticipation notes having a maturity of
548	more than 12 months shall be issued unless first approved by an
549	election as required by section 12, Article VII of the State
550	Constitution.
551	(7)  The district is hereby authorized to issue the notes
552	described in subsections (3), (4), (5), and (6) in the form of
553	commercial paper and, if issued in such form, the resolution
554	authorizing the issuance thereof may provide for the renewal,
555	refunding, or rollover thereof from time to time so long as no
556	such renewal, refunding, or rollover note shall mature more than
557	5 years after the date of issue of the first such note issued
558	pursuant to such resolution; provided, however, that in the case
559	of tax anticipation notes issued without an election pursuant to
560	subsection (6), no such renewal, refunding, or rollover note
561	shall have a final maturity of more than 12 months from date of
562	issue of the first such tax anticipation note issued pursuant to
563	such resolution. The resolution authorizing the issuance of such
564	notes in the form of commercial paper may set forth guidelines
565	and limits pertaining to the maximum aggregate principal amount
566	of such notes which may be outstanding at any one time, the
567	longest maturity any such note may bear, the form of such notes,
568	the terms (including redemption provisions, the maximum
569	redemption premium which may be permitted, schedules for the
570	amortization of principal and interest which may be permitted,
571	and such other provisions as the board may determine), and the
572	maximum rate of interest any such obligations may bear (which
573	may be specified to be the maximum rate permitted by the laws of
574	the state on the date such notes or renewal, refunding, or
575	rollover notes are issued) and may authorize the chair, the vice
576	chair, or the secretary-treasurer, or any one or more of them,
577	from time to time, to determine, within the aforesaid guidelines
578	and limits, the date or dates on which said notes shall be
579	issued, the aggregate principal amount of notes to be issued at
580	such time, the maturity date or dates of such notes, the form
581	and terms (including provisions for redemption thereof, the
582	amount of any redemption premium, the schedule for the
583	amortization of principal and payment of interest, and other
584	provisions as the board shall have authorized), the rate or
585	rates of interest payable thereon (which may be a variable rate)
586	and to sell, issue, execute, and deliver the same pursuant to
587	such authorization. Any resolution authorizing a negotiated sale
588	of notes in the form of commercial paper to any class of
589	purchaser may likewise authorize the negotiated sale of renewal,
590	refunding, or rollover notes to such class of purchaser and may
591	contain such other provisions as the board may authorize.
592	Section 11.  The Board of Commissioners of the South
593	Broward Hospital District is hereby authorized to issue bonds of
594	said district of such form and denomination, becoming due not
595	more than 40 years from the date of issuance, in an amount not
596	to exceed $50 million as the total bonded indebtedness of said
597	district (excluding from such total bonded indebtedness such
598	obligations of said district that are payable from moneys other
599	than taxation raised annually within said district as provided
600	in section 12), for the purpose of raising funds to establish,
601	construct, acquire, add to, operate, and maintain such hospital
602	or hospitals or other related medical facilities as in the
603	board's opinion are necessary in said district; the said board
604	of commissioners shall have the power to refund any and all
605	previous issues of bonds for any and all lawful purposes in such
606	manner as said district determine to be in its best interests.
607	Section 12.  Prior to the issuance of such bonds provided
608	in section 11, said board of commissioners shall, by resolution,
609	determine the amount which in their opinion will be necessary to
610	be raised annually by taxation for an interest and sinking fund
611	with which to pay the interest and principal of said bonds; and
612	the said board is hereby authorized, empowered, and required to
613	provide for the levy and collection annually of a sufficient tax
614	upon all the taxable property in said district, not exempt by
615	law, to pay such interest, and with which to provide and
616	maintain a sinking fund for the payment of the principal of said
617	bonds.
618	Section 13.  All bonds issued by the South Broward Hospital
619	District, except refunding bonds, revenue certificates, and
620	anticipation time warrants, shall be issued only after the same
621	shall have been approved at a bond election in the manner
622	provided for by the State Constitution.
623	Section 14.  The board of commissioners is hereby
624	authorized and empowered to compromise and settle any accounts
625	receivable or other claims on money due and owing to the
626	district according to such terms and conditions as the board of
627	commissioners, in its discretion, may determine. The factors
628	which may be considered by the board of commissioners in any
629	such compromise, are the ability of the debtors to pay and the
630	probabilities of collection in full. The board of commissioners
631	is further authorized and empowered to sell, assign, or convey
632	to any person all of the right, title, and interest of the
633	district in any account receivable, note receivable, or judgment
634	owned by the district by payment for such amount, note, or
635	judgment of whatsoever value as the board of commissioners, in
636	its discretion, may determine.  The board of commissioners is
637	further authorized and empowered to subordinate its interest in
638	any mortgage or judgment lien to the interest of any third
639	parties, according to such terms and conditions as the board of
640	commissioners, in it discretion, may determine.
641	Section 15.  The board of commissioners is hereby
642	authorized to provide by resolution at one time or from time to
643	time for the issuance of revenue certificates of the hospital
644	district for the purpose of paying all or a part of the cost of
645	acquisition, construction, planning, repairing, extensions to,
646	additions, equipping, furnishing, and reconstruction of any
647	hospital or hospitals of the district. The certificates of each
648	issuance shall be dated, shall mature at such time or times not
649	exceeding 40 years from their date or dates, shall be in such
650	denominations, shall bear interest at such rate or rates as may
651	be determined by the board of commissioners, and may be made
652	redeemable before maturity at the option of the board of
653	commissioners at such price or prices and under such terms and
654	conditions as may be fixed by the board of commissioners prior
655	to the issuance of the certificates. The board of commissioners
656	shall determine the form of the certificates, including any
657	interest coupons to be attached thereto, and the manner of
658	execution of the certificates and coupons, and shall fix the
659	denomination or denominations of the certificates and the place
660	or places of payment of principal and interest, which may be at
661	any bank or trust company within or without the state. In case
662	any officer whose signature or a facsimile of whose signature
663	shall appear on any certificates or coupons shall cease to be
664	such officer before the delivery of such certificates, such
665	signature or such facsimile shall nevertheless be valid and
666	sufficient for all purposes the same as if he had remained in
667	office until such delivery. All certificates issued under the
668	provisions of this act shall have and are hereby declared to
669	have all the qualities and incidents of negotiable instruments
670	under the law merchant and the laws of the state. The
671	certificates may be issued in coupon or in registered form, or
672	both, as the board of commissioners may determine, and
673	provisions may be made for the registration of any coupon
674	certificates as to principal alone and also as to both principal
675	and interest, and for the reconversion into coupon certificates
676	of any certificates registered as to both principal and
677	interest. The issuance of such certificates shall not be subject
678	to any limitations of conditions contained in any other law or
679	considered as part of the total bonded indebtedness of the
680	district as provided in section 11. Prior to the preparation of
681	definitive certificates, the board of commissioners may, under
682	like restrictions, issue interim receipts or temporary
683	certificates with or without coupons, exchangeable for
684	definitive certificates when such certificates have been
685	executed and are available for delivery. The board of
686	commissioners may also provide for the replacement of any
687	certificates, which shall be mutilated or be destroyed or lost.
688	The Board of Commissioners of the South Broward Hospital
689	District shall have the authority to provide by resolution for
690	the issuance of refunding certificates under such terms and
691	conditions as the board of commissioners shall determine to be
692	in the best interests of the district.
693	Section 16.  As far as practicable, where not inconsistent
694	with the provisions of this act, procedure provided in the
695	general laws of Florida for elections shall govern.
696	Section 17.  All bonds issued under the provisions of
697	section 11 shall be in the denomination of $100 or $1,000, or
698	some multiple thereof, shall bear interest payable annually or
699	semiannually, and both principal and interest shall be payable
700	at such place or places as the governing authority may
701	determine. The form of such bonds shall be fixed by the
702	resolution of the board of commissioners and the said bonds
703	shall be signed by the chair of said board and countersigned by
704	the secretary of said board under the seal of the district.  The
705	coupons, if any, shall be executed by the facsimile signatures
706	of said officers. The delivery at any subsequent date of any
707	bond and coupon so executed shall be valid, although before the
708	date of delivery the person signing such bonds or coupons shall
709	cease to hold office.
710	Section 18.  Bonds issued pursuant to the provisions of
711	section 11 may be either registered or coupon bonds. Coupon
712	bonds may be registered as to principal in the holder's name on
713	the books of the hospital district, the registration being noted
714	upon the bonds, after which no transfer shall be valid unless
715	made on such hospital district's books by the registered holder
716	and similarly noted on the bonds. Bonds registered as to
717	principal may be discharged from registration by being
718	transferred to bearer, after which they shall be transferable by
719	delivery, but may be again registered as to principal as before.
720	The registration of the bonds as to principal shall not restrain
721	the negotiability of the coupons by delivery merely.
722	Section 19.  Before any bonds of the South Broward Hospital
723	District are issued pursuant to the provisions of section 11,
724	the board of commissioners shall investigate and determine the
725	legality of the proceedings. The resolution authorizing the
726	bonds may direct that they shall contain the following recital:
727	"It is certified that this bond is authorized by and is issued
728	in conformity with the requirements of the Constitution and
729	Statutes of the State of Florida." Such recital shall be an
730	authorized declaration by the governing body of the district and
731	shall import that there is constitutional and statutory
732	authority for incurring the debts and issuing the bonds; that
733	all proceedings therefore are regular; that all acts,
734	conditions, and things required to exist, happen, and be
735	performed precedent to and in the issuance of the bond have
736	existed, happened, and been performed in due time, form, and
737	manner, as required by law; and that the amount of the bond,
738	together with all other indebtedness, does not exceed any limit
739	or limits prescribed by the Constitution and statutes of this
740	state. If any bonds be issued containing said recital, it shall
741	be conclusively presumed that said recital, construed according
742	to the import hereby declared, is true, and the district shall
743	not be permitted to question the validity or legality of the
744	obligation in any court in any action or proceeding.
745	Section 20.  In issuing bonds under the provisions of
746	section 11 or revenue certificates under the provisions of
747	section 15, it shall be lawful for the board of commissioners to
748	include more than one improvement or hospital purpose in any
749	such issue of bonds or revenue certificates.
750	Section 21.  No resolution or proceeding in respect to the
751	issuance of said bonds or certificate hereunder shall be
752	necessary, except such as is required by this act. No
753	publication or any resolution or proceeding relating to the
754	issuance of the said bonds or certificates shall be required
755	except such as required by this act. Any publication prescribed
756	hereby may be made in any newspaper conforming to the terms of
757	this act, without regard to the designation thereof as the
758	official organ of the district. Bonds issued hereunder have all
759	the qualities of negotiable paper under the law merchant, shall
760	not be invalid for any irregularity or defect in the proceedings
761	for the issue and sale thereof, and shall be incontestable in
762	the hands of bona fide purchasers or holders thereof for value.
763	Section 22.  The Board of Commissioners of the South
764	Broward Hospital District shall have the power to provide by
765	resolution for the issuance of refunding bonds to refund
766	principal and interest of an existing bond indebtedness, issued
767	under the provisions of section 11, for the payment of which the
768	credit of the hospital district is pledged, and such bonds may
769	be issued at or prior to maturity of the bonds to be refunded.
770	Such resolution may be adopted at a regular or special meeting,
771	and at the same meeting at which it is introduced, by a majority
772	of all of the members of the commission then in office. It is
773	determined and declared as a matter of legislative intent that
774	no election to authorize the issuance of refunding bonds shall
775	be necessary, except in cases where an election may be required
776	by the State Constitution. In all cases where it is not
777	necessary under the constitution to hold an election on the
778	issuance of such refunding bonds, such resolution shall take
779	effect immediately upon the adoption thereof.  No other
780	proceedings or procedures of any character whatever shall be
781	required for the issuance of such bonds by the said district.
782	Section 23.  The resolution of the board of commissioners
783	authorizing the issuance of the refunding bonds may provide that
784	the refunding bonds may be issued in one or more series; may
785	bear such date, may mature at such time, not exceeding 40 years
786	from their respective dates; may bear interest at such rate, not
787	exceeding the maximum rate of interest borne by the bonds
788	refinanced thereby; may be in such denomination; may be in such
789	form, either coupon or registered; may carry such registration
790	and conversion privileges; may be executed in such manner; may
791	be payable in such medium of payment, at such place; may be
792	subject to such terms of redemption, with or without a premium;
793	may be declared or become due before the maturity date thereof;
794	may provide for the replacement of mutilated, destroyed, stolen,
795	or lost bonds; may be authenticated in such manner and upon
796	compliance with such conditions; and may contain such other
797	terms and covenants as may be desired. Notwithstanding the form
798	or tenor thereof, and in the absence of an express recital on
799	the face thereof that the bond is nonnegotiable, all refunding
800	bonds shall at all times be, and shall be treated as, negotiable
801	instruments for all purposes.
802	Section 24.  Refunding bonds bearing the signature of
803	officers of the district in office on the date of the signing
804	thereof shall be valid and binding obligations of the district
805	for all purposes, notwithstanding that before the delivery
806	thereof any or all of the persons whose signatures appear
807	thereon shall have ceased to be officers of the district. Any
808	resolution authorizing refunding bonds may provide that any such
809	refunding bonds issued pursuant to the article may contain such
810	a recital, and any refunding bond issued under authority of any
811	such resolution shall be conclusively deemed to be valid and to
812	have been issued in conformity with the provisions of this act.
813	The authority of the district to issue obligations under this
814	act may be determined and obligations to be issued under this
815	act may be validated as provided by law.
816	Section 25.  Refunding bonds may be sold or exchanged, as
817	follows:
818	(1)  In installments of different times, or an entire issue
819	or series may be sold or exchanged at one time. Any issue or
820	series of refunding bonds may be exchanged in part or sold in
821	parts in installments at different times or at one time. The
822	refunding bonds may be sold or exchanged at any time on, before,
823	or after the maturity of any of the outstanding bonds of the
824	district. The refunding bonds may be exchanged for a like or
825	greater principal amount of such bonds of the district, except
826	that the principal amount of the refunding bonds may exceed the
827	principal amount of such outstanding bonds to the extent
828	necessary or advisable, in the discretion of the governing body,
829	to fund interest in arrears or about to become due. The holder
830	of such outstanding bonds need not pay accrued interest on the
831	refunding bonds to be delivered in exchange therefore if and to
832	the extent that interest is due or accrued and unpaid on such
833	outstanding bonds to be surrendered.
834	(2)  If the board of commissioners determines to exchange
835	any refunding bonds, any such refunding bonds may be exchanged
836	privately for and in payment and discharge of any of the
837	outstanding bonds of the district. The refunding bonds may be
838	exchanged for a like or greater principal amount of such bonds
839	of the district, except that the principal amount of the
840	refunding bonds may exceed the principal amount of such
841	outstanding bonds to the extent necessary or advisable, in the
842	discretion of the governing body, to fund interest in arrears or
843	about to become due. The holder of such outstanding bonds need
844	not pay accrued interest on the refunding bonds to be delivered
845	in exchange thereof if and to the extent that interest is due or
846	accrued and unpaid on such outstanding bonds to be surrendered.
847	Section 26.  The funds of said district shall be paid out
848	only upon warrant signed by the chair of the board, and having
849	thereto affixed the corporate seal of the district; and no
850	warrant shall be drawn or issued against funds of said district
851	except for a purpose authorized by this act, and no such warrant
852	against funds of said district shall be drawn or issued until
853	after the account or expenditure for which the same is to be
854	given in payment has been ordered and approved by the board of
855	commissioners.
856	Section 27.  The Board of Commissioners of South Broward
857	Hospital District is hereby authorized, empowered, and directed
858	annually to levy upon real and personal taxable property of said
859	district, not exempt by law, a sufficient tax necessary for the
860	purposes and needs of the said district incurred in the exercise
861	of the powers and purposes herein granted, the rate of taxation
862	per annum shall not exceed 2.5 mills on the dollar of the
863	valuation of the property within the district for tax purposes,
864	providing, however, that the 2.5 mill limitation herein shall
865	apply only for the purposes and needs of the district and not
866	for the purposes of debt service requirements for bonds that may
867	be issued pursuant to section 11 of this act.
868	Section 28.  That the levy by said board of the taxes
869	authorized by any provision of this act shall be by resolution
870	of said board duly entered upon the minutes of the board.
871	Certified copies of such resolution executed in the name of the
872	board by its chair, under its corporate seal, shall be made and
873	delivered to the Board of County Commissioners of Broward County
874	and to the Chief Financial Officer not later than the 15th day
875	of June of each and every year. It shall be the duty of the
876	County Commissioners of Broward County to order and require that
877	the County Property Appraiser of said county to assess, and the
878	County Tax Collector of said county to collect the amount of
879	taxes so assessed or levied by the Board of Commissioners of
880	said South Broward Hospital District upon the taxable property
881	in said district, not exempt by law, at the rate of taxation
882	adopted by said board of commissioners of said district for said
883	year and include in the warrant of the property appraiser and
884	attach to the assessment roll of taxes for said year and
885	included in the warrant of the property appraiser and attach to
886	the assessment roll of taxes for said county each year. The tax
887	collector shall collect such tax so levied by said board in the
888	same manner as other taxes are collected, and shall pay the same
889	over to the Board of Commissioners of South Broward Hospital
890	District within the time and in the manner prescribed by law for
891	the payment by the tax collector of county taxes to the county
892	depository. It shall be the duty of the Florida Department of
893	Revenue to assess and levy on all the railroad lines and
894	railroad property situated or located in said district,
895	including as well all telephone lines. The amount of each said
896	levy of each said county or state taxes and the said taxes shall
897	be assessed by the same officer respectfully as are county taxes
898	upon such property, and such taxes shall be remitted by the
899	collecting officer to the Board of Commissioners of South
900	Broward Hospital District. All such taxes shall be held by said
901	board of commissioners and paid out by them as provided in this
902	act. The board is authorized to pay necessary expenses to the
903	aforenamed officers for the assessment and collection of taxes
904	on a reasonable fee basis.
905	Section 29.  The board is authorized to pay from the funds
906	of the district all expenses of the organization of said board
907	and all expenses necessarily incurred with the formation of said
908	district and all other reasonable and necessary expenses,
909	including the fees and expenses of an attorney in the
910	transaction of the business of the district, and in carrying out
911	and accomplishing the purposes of the act. This section,
912	however, shall not be construed to remit or instruct any of the
913	powers vested in said board of commissioners by any other
914	section or provision of this act.
915	Section 30.  At least once in each year the board of
916	commissioners shall publish once in some newspaper published in
917	said district a complete detailed statement of all moneys
918	received and disbursed by them since the creation of the
919	district as to the first published statement and since the last
920	published statement as to any other year. Such statements shall
921	also show the several sources from which said funds were
922	received and shall show the balance on hand at the time of the
923	published statement. It shall show a complete statement of the
924	condition of the district.
925	Section 31.  Each hospital or clinic established under this
926	act shall be for the use and benefit of the residents of this
927	district. Such residents shall be admitted to such hospital or
928	clinic and be entitled to hospitalization, subject, however, to
929	the rules and regulations prescribed by the board of
930	commissioners, which rules and regulations are effective as of
931	the date of admission of a patient or patients to said hospital
932	or clinic. Such hospital or clinic may care for and treat
933	without charge to patients who are found by the board of
934	commissioners to be indigent. Such board may collect from
935	patients financially able, such charges as the board of
936	commissioners may from time to time establish. The board of
937	commissioners may exclude from treatment and care any person
938	having a communicable or contagious disease, where such disease
939	may be a detriment to the best interests of such hospital or
940	clinic or a source of contagion or infection to the patient in
941	its care, unless such hospital has a separate building or ward
942	for the special treatment of such patients, and can properly and
943	with safety to the other patients retain such communicable or
944	contagious case in such separate ward or building. Said board of
945	commissioners may extend the privileges and use of such hospital
946	or clinic to nonresidents of such district upon such terms and
947	conditions as the said board may from time to time by its rules
948	and regulations provide. Provided, however, that the residents
949	of the district wherein such hospital or clinic is located,
950	shall have first claim to admission.
951	Section 32.  Realizing that factors other than professional
952	must enter into the qualification of those who practice medicine
953	and surgery, the Board of Commissioners of said South Broward
954	Hospital District are hereby authorized and empowered to set up
955	rules, regulations, and bylaws for the operation of the hospital
956	and the hospital staff; the board of commissioners are
957	authorized to give, grant, or revoke licenses and privileges of
958	staff members so that the welfare and health of patients and the
959	best interests of the hospital may at all times be best served.
960	The board of commissioners of the said district are further
961	authorized and empowered to set up rules and regulations for the
962	control of all professional and unprofessional employees of the
963	hospital, which terms shall include nurses on general duty or on
964	private duty attending patients, and all parties in the hospital
965	either as employees or in any manner in attendance of patients.
966	Section 33.  It is intended that the provisions of this act
967	shall be liberally construed for accomplishing the work
968	authorized and provided for or intended to be provided for in
969	this act, and where strict construction would result in the
970	defeat of the accomplishment of any part of the work authorized
971	by this act, and a liberal construction would permit or assist
972	in the accomplishment, thereof, the liberal construction shall
973	be chosen.
974	Section 34.  Any clause or section of this act which for
975	any reason may be held or declared invalid may be eliminated and
976	the remaining portion or portions thereof shall be and remain in
977	full force and be valid, as if such invalid clause or section
978	had not been incorporated therein.
979	Section 35.  Notwithstanding the provisions of section
980	218.33, Florida Statutes, the fiscal year of South Broward
981	Hospital District shall commence May 1 and end on April 30 of
982	each calendar year.
983	Section 36.  (1)  The bonds of the district may bear such
984	rate or rates of interest, including a variable rate of
985	interest, and may be sold at par or at such premium or discount
986	as the board shall determine, as shall not, taking into account
987	the stated interest rate and any discount or premium, cause the
988	average net interest cost rate to exceed the maximum average net
989	interest cost rate permitted by section 215.84, Florida
990	Statutes, or any interest rate, or average net interest cost
991	rate, per annum permitted by general law amending or superseding
992	section 215.84, Florida Statutes.
993	(2)  The procedures for the sale of general obligation
994	bonds or revenue bonds, as defined in section 218.385, Florida
995	Statutes, of the district shall be governed by section 218.385,
996	Florida Statutes, or by any general law amending or superseding
997	section 218.385, Florida Statutes.
998	Section 37.  In addition to any investment authorized by
999	general law, and to the extent created by the State
1000	Constitution, the Board of Commissioners of the South Broward
1001	Hospital District shall be and is hereby authorized and
1002	empowered to invest any funds in its control or possession in
1003	accordance with an investment policy approved by the board which
1004	mandates prudent investment practices which shall include, among
1005	other items, the investment objectives and permitted securities
1006	of the policy. Such investment policy shall be designed to
1007	maximize the financial return to the fund consistent with the
1008	risks incumbent in each investment and shall be designed to
1009	preserve the appropriate diversification of the portfolio.
1010	Accordingly, the following instruments are authorized for
1011	investment:
1012	(1)  In the trust fund known as Local Government Surplus
1013	Funds Trust Fund as created and established by section 218.405,
1014	Florida Statutes.
1015	(2)  Bankers' acceptances which are drawn upon and accepted
1016	by a commercial bank which is a member bank of the Federal
1017	Reserve System maintaining capital accounts in excess of 7.5
1018	percent of total assets, and which member bank of its holding
1019	company carries a credit rating in one of the two highest
1020	alphabetical categories from at least two nationally recognized
1021	debt rating agencies.
1022	(3)  Commercial paper of prime quality rated by at least
1023	two nationally recognized debt rating agencies in the highest
1024	letter and numerical rating of each agency. If not so rated,
1025	such prime quality commercial paper may be purchased if secured
1026	by a letter of credit provided by a commercial bank, which bank
1027	or its holding company carries a credit rating in one of the two
1028	highest alphabetical categories from at least two nationally
1029	recognized debt rating agencies.
1030	(4)  Interest-bearing bonds, debentures, and other such
1031	evidence of indebtedness with a fixed maturity of any domestic
1032	corporation within the United States which is listed on any one
1033	or more of the recognized national stock exchanges in the United
1034	States which is listed on any one or more of the recognized
1035	national stock exchanges in the United States and conforms with
1036	the periodic reporting requirements under the Securities
1037	Exchange Act of 1934. Such obligations shall either carry
1038	ratings in one of the two highest classifications of at least
1039	two nationally recognized debt rating agencies or be secured by
1040	a letter of credit provided by a commercial bank, which bank or
1041	its holding company carries a credit rating in one of the two
1042	highest alphabetical categories from at least two nationally
1043	recognized debt rating agencies.
1044	(5)  Negotiable direct obligations of, or obligations the
1045	principal and interest of which are unconditionally guaranteed
1046	by, the United States Government and obligations of the Federal
1047	Farm Credit Banks, Federal Home Loan Mortgage Corporations, or
1048	Federal Home Loan Bank or its district banks, including Federal
1049	Home Loan Mortgage Corporation participation certificates or
1050	obligations guaranteed by the Government National Mortgage
1051	Association, which are purchased and sold under repurchase
1052	agreements and reverse repurchase agreements. Repurchase
1053	agreements and reverse repurchase agreements may be entered into
1054	only with a member bank of the Federal Reserve System or primary
1055	dealer in United States Government Securities. Further, any such
1056	repurchase agreements and reverse repurchase agreements shall be
1057	fully collaterized by the type of securities which are named in
1058	this subsection. Securities purchased or repurchased by the
1059	South Broward Hospital District shall be delivered to the South
1060	Broward Hospital District or its agent versus payment.
1061	(6)  Purchase of options so as to engage in bona fide
1062	hedging activities for the purpose of protecting the asset value
1063	of the underlying portfolio. However, the underlying security
1064	(that is, the security that must be delivered if a put option or
1065	call option contract is exercised) shall be negotiable direct
1066	obligations of, or obligations the principal and interest of
1067	which are unconditionally guaranteed by, the United States
1068	Government and obligations of the Federal Farm Credit Banks,
1069	Federal Home Loan Mortgage Corporations, or Federal Loan Bank or
1070	its district banks, including Federal Home Loan Mortgage
1071	Corporation participation certificates, or obligations
1072	guaranteed by the Government National Mortgage Association.
1073	Further, the options of said underlying securities shall be
1074	traded on a securities exchange or board of trade regulated by
1075	the Securities Exchange Commission or the Commodity Futures
1076	Trading Commission.
1077	Section 38.  (1)  Notwithstanding the provisions of part
1078	III of chapter 163, Florida Statutes, the district is not a
1079	"public body" or "taxing authority," as those terms are used in
1080	part III, chapter 163, Florida Statutes.
1081	(2)  This section shall not apply with respect to any
1082	geographic area approved as appropriate for community
1083	redevelopment by a resolution or ordinance adopted pursuant to
1084	section 163.355, Florida Statutes, by a governing body prior to
1085	January 1, 1998, or to any geographic area approved by the
1086	governing body pursuant to section 163.355, Florida Statutes, as
1087	a community redevelopment area prior to January 1, 1998.
1088	However, this section shall apply to any geographic area
1089	approved as appropriate for community redevelopment or added to
1090	a community redevelopment area by resolution or ordinance of a
1091	governing body adopted on or after January 1, 1998.  The terms
1092	"governing body" and "community redevelopment area" mean the
1093	same as in part III, chapter 163, Florida Statutes.
1094	Section 4.  It is intended that the provisions of this
1095	action shall be liberally construed for accomplishment of the
1096	work authorized and provided for or intended to be provided for
1097	by this act, and where strict construction would permit or
1098	assist in the accomplishment of any apart of the work authorized
1099	by this act, the liberal construction shall be chosen.
1100	Section 5.  If any section, subsection, sentence, clause,
1101	or phrase of this act is held to be unconstitutional, such
1102	holding shall not affect the validity of the remaining portions
1103	of the act, the Legislature hereby declaring that it would have
1104	passed this act and each section, subsection, sentence, clause,
1105	and phrase thereof, irrespective of any other separate section,
1106	subsection, sentence, clause, or phrase thereof, and
1107	irrespective of the fact that any one or more other sections,
1108	subsections, sentences, clauses, or phrases thereof may be
1109	declared unconstitutional.
1110	Section 6.  Chapter 24415 (1947), Laws of Florida, which
1111	was approved by the electors for the district in referendum held
1112	on May 22, 1950, is repealed; provided, however, that, as
1113	provided in section 189.429(3), Florida Statutes, nothing in
1114	this act, including specifically this section, shall modify,
1115	amend, or alter any covenants, contract, or other obligations of
1116	the district or board of commissioners with respect to the
1117	district's bonded indebtedness; and affect the ability of the
1118	board of commissioners and district to levy and collect taxes as
1119	permitted under prior law and herein. Chapters 24415 (1947), 59-
1120	1125, 59-1126, 59-1128, 61-1925, 61-1932, 61-1935, 63-1180, 65-
1121	1296, 65-1339, 67-1164, 69-910, 70-618, 71-566, 71-577, 72-494,
1122	74-436, 74-450, 75-346, 75-349, 76-337, 76-339, 79-431, 80-459,
1123	80-466, 80-467, 80-469, 81-351, 82-269, 83-378, 84-400, 90-488,
1124	and 99-423, Laws of Florida, are hereby repealed.
1125	Section 7.  This act shall take effect upon becoming a law.

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