Senate Bill sb1350

    Florida Senate - 2006                                  SB 1350

    By Senator Sebesta





    16-833-06

  1                      A bill to be entitled

  2         An act relating to the Department of

  3         Transportation; amending s. 338.2275, F.S.;

  4         deleting obsolete provisions; revising the

  5         maximum amount of bonds that are available for

  6         turnpike projects; providing an effective date.

  7  

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

  9  

10         Section 1.  Subsection (1) of section 338.2275, Florida

11  Statutes, is amended to read:

12         338.2275  Approved turnpike projects.--

13         (1)  Legislative approval of the department's tentative

14  work program that contains the turnpike project constitutes

15  approval to issue bonds as required by s. 11(f), Art. VII of

16  the State Constitution. No more than $6 billion of bonds may

17  be outstanding to fund approved turnpike projects. Turnpike

18  projects approved to be included in future tentative work

19  programs include, but are not limited to, projects contained

20  in the 2003-2004 tentative work program. A maximum of $4.5

21  billion of bonds may be issued to fund approved turnpike

22  projects.

23         Section 2.  This act shall take effect July 1, 2006.

24  

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26                          SENATE SUMMARY

27    Deletes obsolete provisions. Revises the maximum value of
      bonds available for turnpike projects.
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CODING: Words stricken are deletions; words underlined are additions.