HB 1189

A bill to be entitled
2An act relating to Pasco County; providing that a
3resolution of the District School Board of Pasco County
4which provides for receipt of proceeds from the local
5government infrastructure surtax authorized under s.
6212.055(2), F.S., may include a covenant to limit the levy
7of capital local school property taxes; ratifying and
8confirming a referendum; providing an effective date.
10Be It Enacted by the Legislature of the State of Florida:
12     Section 1.  Resolution regarding local government
13infrastructure surtax for the Pasco County School District.--The
14resolution of the District School Board of Pasco County
15providing for the receipt of proceeds of the local government
16infrastructure surtax authorized under section 212.055(2),
17Florida Statutes, may include a covenant by the board to
18decrease the capital local school property tax levied pursuant
19to section 1011.71(2), Florida Statutes, and to maintain that
20tax at the reduced millage as long as the surtax is in effect.
21Finally, if the surtax revenues are pledged to service bonded
22indebtedness, the board may covenant not to levy the capital
23property tax under section 1011.71(2), Florida Statutes, at a
24millage rate in excess of the reduced millage rate promised in
25the resolution.
26     Section 2.  This act shall take effect upon becoming a law
27but shall ratify and confirm the referendum held in Pasco County
28in March 2004.

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