Florida Senate - 2005 SENATOR AMENDMENT
Bill No. HB 1889, 1st Eng.
Barcode 134526
CHAMBER ACTION
Senate House
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11 Senator Klein moved the following amendment:
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13 Senate Amendment
14 On lines 256 through 301, delete those lines
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16 and insert:
17 Section 2. Effective July 1, 2006, subsections (9) and
18 (10) of section 201.15, Florida Statutes, as amended by this
19 act, are amended, and subsections (17) and (18) are added to
20 that section, to read:
21 201.15 Distribution of taxes collected.--All taxes
22 collected under this chapter shall be distributed as follows
23 and shall be subject to the service charge imposed in s.
24 215.20(1), except that such service charge shall not be levied
25 against any portion of taxes pledged to debt service on bonds
26 to the extent that the amount of the service charge is
27 required to pay any amounts relating to the bonds:
28 (9) The lesser of seven and fifty-three forty-five
29 hundredths percent of the remaining taxes collected under this
30 chapter or an amount equal to $8.38 multiplied by the state
31 population, with the determination of such population to be
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Florida Senate - 2005 SENATOR AMENDMENT
Bill No. HB 1889, 1st Eng.
Barcode 134526
1 made with respect to any fiscal year on the basis of the most
2 recent census estimate of the resident population of the state
3 released by the Bureau of Census before the January 15 which
4 precedes the beginning of such fiscal year, shall be paid into
5 the State Treasury to the credit of the State Housing Trust
6 Fund and shall be used as follows:
7 (a) Half of that amount shall be used for the purposes
8 for which the State Housing Trust Fund was created and exists
9 by law.
10 (b) Half of that amount shall be paid into the State
11 Treasury to the credit of the Local Government Housing Trust
12 Fund and shall be used for the purposes for which the Local
13 Government Housing Trust Fund was created and exists by law.
14 (10) The lesser of eight and sixty-six fifty-seven
15 hundredths percent of the remaining taxes collected under this
16 chapter or an amount equal to $10.65 multiplied by the state
17 population, with the determination of such population to be
18 made with respect to any fiscal year on the basis of the most
19 recent census estimate of the resident population of the state
20 released by the Bureau of Census before the January 15 which
21 precedes the beginning of such fiscal year, shall be paid into
22 the State Treasury to the credit of the State Housing Trust
23 Fund and shall be used as follows:
24 (a) Twelve and one-half percent of that amount shall
25 be deposited into the State Housing Trust Fund and be expended
26 by the Department of Community Affairs and by the Florida
27 Housing Finance Corporation for the purposes for which the
28 State Housing Trust Fund was created and exists by law.
29 (b) Eighty-seven and one-half percent of that amount
30 shall be distributed to the Local Government Housing Trust
31 Fund and shall be used for the purposes for which the Local
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Florida Senate - 2005 SENATOR AMENDMENT
Bill No. HB 1889, 1st Eng.
Barcode 134526
1 Government Housing Trust Fund was created and exists by law.
2 Funds from this category may also be used to provide for state
3 and local services to assist the homeless.
4 (17) Distributions to the State Housing Trust Fund
5 pursuant to subsections (9) and (10) shall be sufficient to
6 cover amounts required to be transferred to the Florida
7 Affordable Housing Guarantee Program's annual debt service
8 reserve and guarantee fund pursuant to s. 420.5092(6)(a) and
9 (b) up to but not exceeding the amount required to be
10 transferred to such reserve and fund prior to July 1, 2005.
11 (18) In each fiscal year after fiscal year 2006-2007,
12 the dollar amount to be paid pursuant to subsections (9) and
13 (10) shall be increased by a cost adjustment equal to such
14 dollar amount multiplied by the percentage by which the median
15 sales price of a single-family existing home as of December of
16 the calendar year preceding such fiscal year exceeds the sales
17 price of such a home as of December 2004. For purposes of
18 this subsection, the term "median price of a single-family
19 existing home" means the price in the Florida Sales Report
20 released each year by the Florida Association of Realtors and
21 the University of Florida Real Estate Research Center.
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