| 1 | Representative Brummer offered the following: |
| 2 |
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| 3 | Substitute Amendment for Amendment (053673) (with title |
| 4 | amendment) |
| 5 | Remove lines 254-291 and insert: |
| 6 | Section 2. Effective July 1, 2006, subsections (9) and |
| 7 | (10) of section 201.15, Florida Statutes, as amended by this |
| 8 | act, are amended, and subsection (17) is added to said section, |
| 9 | to read: |
| 10 | 201.15 Distribution of taxes collected.--All taxes |
| 11 | collected under this chapter shall be distributed as follows and |
| 12 | shall be subject to the service charge imposed in s. 215.20(1), |
| 13 | except that such service charge shall not be levied against any |
| 14 | portion of taxes pledged to debt service on bonds to the extent |
| 15 | that the amount of the service charge is required to pay any |
| 16 | amounts relating to the bonds: |
| 17 | (9) The lesser of seven and fifty-three forty-five |
| 18 | hundredths percent of the remaining taxes collected under this |
| 19 | chapter or $85 million shall be paid into the State Treasury to |
| 20 | the credit of the State Housing Trust Fund and shall be used as |
| 21 | follows: |
| 22 | (a) Half of that amount shall be used for the purposes for |
| 23 | which the State Housing Trust Fund was created and exists by |
| 24 | law. |
| 25 | (b) Half of that amount shall be paid into the State |
| 26 | Treasury to the credit of the Local Government Housing Trust |
| 27 | Fund and shall be used for the purposes for which the Local |
| 28 | Government Housing Trust Fund was created and exists by law. |
| 29 | (10) The lesser of eight and sixty-six fifty-seven |
| 30 | hundredths percent of the remaining taxes collected under this |
| 31 | chapter or $108 million shall be paid into the State Treasury to |
| 32 | the credit of the State Housing Trust Fund and shall be used as |
| 33 | follows: |
| 34 | (a) Twelve and one-half percent of that amount shall be |
| 35 | deposited into the State Housing Trust Fund and be expended by |
| 36 | the Department of Community Affairs and by the Florida Housing |
| 37 | Finance Corporation for the purposes for which the State Housing |
| 38 | Trust Fund was created and exists by law. |
| 39 | (b) Eighty-seven and one-half percent of that amount shall |
| 40 | be distributed to the Local Government Housing Trust Fund and |
| 41 | shall be used for the purposes for which the Local Government |
| 42 | Housing Trust Fund was created and exists by law. Funds from |
| 43 | this category may also be used to provide for state and local |
| 44 | services to assist the homeless. |
| 45 | (17) Distributions to the State Housing Trust Fund |
| 46 | pursuant to subsections (9) and (10) shall be sufficient to |
| 47 | cover amounts required to be transferred to the Florida |
| 48 | Affordable Housing Guarantee Program's annual debt service |
| 49 | reserve and guarantee fund pursuant to s. 420.5092(6)(a) and (b) |
| 50 | up to but not exceeding the amount required to be transferred to |
| 51 | such reserve and fund prior to July 1, 2005. |
| 52 |
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| 53 | ================ T I T L E A M E N D M E N T ============= |
| 54 | Remove line 15 and insert: |
| 55 | housing guarantees; requiring distributions to the State |
| 56 | Housing Trust Fund to be sufficient for certain purposes; |
| 57 | providing a limitation; providing effective dates. |