| 1 | A bill to be entitled |
| 2 | An act relating to Pasco County; providing that a |
| 3 | resolution of the District School Board of Pasco County |
| 4 | which provides for receipt of proceeds from the local |
| 5 | government infrastructure surtax authorized under s. |
| 6 | 212.055(2), F.S., may include a covenant to limit the levy |
| 7 | of capital local school property taxes; ratifying and |
| 8 | confirming a referendum; providing an effective date. |
| 9 |
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| 10 | Be It Enacted by the Legislature of the State of Florida: |
| 11 |
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| 12 | Section 1. Resolution regarding local government |
| 13 | infrastructure surtax for the Pasco County School District.--The |
| 14 | resolution of the District School Board of Pasco County |
| 15 | providing for the receipt of proceeds of the local government |
| 16 | infrastructure surtax authorized under section 212.055(2), |
| 17 | Florida Statutes, may include a covenant by the board to |
| 18 | decrease the capital local school property tax levied pursuant |
| 19 | to section 1011.71(2), Florida Statutes, and to maintain that |
| 20 | tax at the reduced millage as long as the surtax is in effect. |
| 21 | Finally, if the surtax revenues are pledged to service bonded |
| 22 | indebtedness, the board may covenant not to levy the capital |
| 23 | property tax under section 1011.71(2), Florida Statutes, at a |
| 24 | millage rate in excess of the reduced millage rate promised in |
| 25 | the resolution. |
| 26 | Section 2. This act shall take effect upon becoming a law |
| 27 | but shall ratify and confirm the referendum held in Pasco County |
| 28 | in March 2004. |