Senate Bill sb0598

    Florida Senate - 2005                                   SB 598

    By Senator Fasano





    11-306-05

  1                      A bill to be entitled

  2         An act relating to funding for school

  3         districts; amending s. 1011.715, F.S.;

  4         providing that a resolution of a district

  5         school board providing for the receipt of

  6         proceeds of the local government infrastructure

  7         surtax authorized under s. 212.055(2), F.S.,

  8         may include a covenant to decrease capital

  9         local school property taxes or to discontinue

10         the surtax in certain circumstances; providing

11         an effective date.

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

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15         Section 1.  Section 1011.715, Florida Statutes, is

16  amended to read:

17         1011.715  Resolution regarding school capital outlay

18  surcharge or local government infrastructure surtax.--The

19  resolution of a district school board providing for the

20  imposition of the school capital outlay surtax authorized in

21  s. 212.055(6) or providing for the receipt of proceeds of the

22  local government infrastructure surtax authorized under s.

23  212.055(2) may include a covenant by the district school board

24  to decrease the capital local school property tax levied

25  pursuant to s. 1011.71(2) and to maintain that tax at the

26  reduced millage as long as the surtax is in effect.  The

27  resolution may also provide that the surtax shall sunset on

28  December 31 of any year in which the district school board

29  levies the capital property tax under s. 1011.71(2) at a

30  millage rate in excess of the reduced millage rate promised in

31  the resolution.  Finally, if the surtax revenues are pledged

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    Florida Senate - 2005                                   SB 598
    11-306-05




 1  to service bonded indebtedness, the district school board may

 2  covenant not to levy the capital property tax under s.

 3  1011.71(2) at a millage rate in excess of the reduced millage

 4  rate promised in the resolution.

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

 6  law.

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 9                          SENATE SUMMARY

10    Provides that a resolution of a district school board
      providing for the receipt of proceeds of the local
11    government infrastructure surtax authorized under s.
      212.055(2), F.S., may include a covenant to decrease
12    capital local school property taxes or to discontinue the
      surtax in certain circumstances.
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CODING: Words stricken are deletions; words underlined are additions.