Senate Bill sb2778

    Florida Senate - 2006        (NP)                      SB 2778

    By Senator Fasano





    11-1833-06                                         See HB 1189

  1                      A bill to be entitled

  2         An act relating to Pasco County; providing that

  3         a resolution of the District School Board of

  4         Pasco County which provides for receipt of

  5         proceeds from the local government

  6         infrastructure surtax authorized under s.

  7         212.055(2), F.S., may include a covenant to

  8         limit the levy of capital local school property

  9         taxes; ratifying and confirming a referendum;

10         providing an effective date.

11  

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

13  

14         Section 1.  Resolution regarding local government

15  infrastructure surtax for the Pasco County School

16  District.--The resolution of the District School Board of

17  Pasco County providing for the receipt of proceeds of the

18  local government infrastructure surtax authorized under

19  section 212.055(2), Florida Statutes, may include a covenant

20  by the board to decrease the capital local school property tax

21  levied pursuant to section 1011.71(2), Florida Statutes, and

22  to maintain that tax at the reduced millage as long as the

23  surtax is in effect. Finally, if the surtax revenues are

24  pledged to service bonded indebtedness, the board may covenant

25  not to levy the capital property tax under section 1011.71(2),

26  Florida Statutes, at a millage rate in excess of the reduced

27  millage rate promised in the resolution.

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

29  law but shall ratify and confirm the referendum held in Pasco

30  County in March 2004.

31  

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