| 1 | Representative(s) Saunders offered the following: |
| 2 |
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| 3 | Amendment (with directory and title amendments) |
| 4 | Between lines 76 and 77, insert: |
| 5 | (9) The lesser of Seven and fifty-three hundredths percent |
| 6 | of the remaining taxes collected under this chapter or $107 |
| 7 | million in each fiscal year shall be paid into the State |
| 8 | Treasury to the credit of the State Housing Trust Fund and shall |
| 9 | be used as follows: |
| 10 | (a) Half of that amount shall be used for the purposes for |
| 11 | which the State Housing Trust Fund was created and exists by |
| 12 | law. |
| 13 | (b) Half of that amount shall be paid into the State |
| 14 | Treasury to the credit of the Local Government Housing Trust |
| 15 | Fund and shall be used for the purposes for which the Local |
| 16 | Government Housing Trust Fund was created and exists by law. |
| 17 | (10) The lesser of Eight and sixty-six hundredths percent |
| 18 | of the remaining taxes collected under this chapter or $136 |
| 19 | million in each fiscal year shall be paid into the State |
| 20 | Treasury to the credit of the State Housing Trust Fund and shall |
| 21 | be used as follows: |
| 22 | (a) Twelve and one-half percent of that amount shall be |
| 23 | deposited into the State Housing Trust Fund and be expended by |
| 24 | the Department of Community Affairs and by the Florida Housing |
| 25 | Finance Corporation for the purposes for which the State Housing |
| 26 | Trust Fund was created and exists by law. |
| 27 | (b) Eighty-seven and one-half percent of that amount shall |
| 28 | be distributed to the Local Government Housing Trust Fund and |
| 29 | shall be used for the purposes for which the Local Government |
| 30 | Housing Trust Fund was created and exists by law. Funds from |
| 31 | this category may also be used to provide for state and local |
| 32 | services to assist the homeless. |
| 33 | (15) Beginning July 1, 2008, in each fiscal year that the |
| 34 | remaining taxes collected under this chapter exceed such |
| 35 | collections in the prior fiscal year, the stated maximum dollar |
| 36 | amounts provided in subsections (2), (4), (6), and (7), (9), and |
| 37 | (10) shall each be increased by an amount equal to 10 percent of |
| 38 | the increase in the remaining taxes collected under this chapter |
| 39 | multiplied by the applicable percentage provided in those |
| 40 | subsections. |
| 41 | (17) Distributions to the State Housing Trust Fund |
| 42 | pursuant to subsections (9) and (10) shall be sufficient to |
| 43 | cover amounts required to be transferred to the Florida |
| 44 | Affordable Housing Guarantee Program's annual debt service |
| 45 | reserve and guarantee fund pursuant to s. 420.5092(6)(a) and (b) |
| 46 | up to but not exceeding the amount required to be transferred to |
| 47 | such reserve and fund based on the percentage distribution of |
| 48 | documentary stamp tax revenues to the State Housing Trust Fund |
| 49 | which is in effect in the 2004-2005 fiscal year. |
| 50 | (17)(18) The remaining taxes collected under this chapter, |
| 51 | after the distributions provided in the preceding subsections, |
| 52 | shall be paid into the State Treasury to the credit of the |
| 53 | General Revenue Fund. |
| 54 | Section 2. Notwithstanding the removal of the limitation |
| 55 | on the amount of proceeds that may be deposited into the State |
| 56 | Housing Trust Fund as provided by the amendments to s. |
| 57 | 201.15(9), (10), and (17), Florida Statutes, made by this act, |
| 58 | amounts appropriated for the 2007-2008 fiscal year shall not be |
| 59 | affected. |
| 60 |
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| 61 | ====== D I R E C T O R Y A M E N D M E N T ===== |
| 62 | Remove lines 17 and 18, and insert: |
| 63 | Section 1. Paragraph (d) of subsection (1) and subsections |
| 64 | (9), (10), (15), (17), and (18) of section 201.15, Florida |
| 65 | Statutes, as amended by section 1 of chapter 2005-92 and section |
| 66 | 22 of chapter 2006-1, Laws of Florida, are amended to read: |
| 67 |
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| 68 | ======= T I T L E A M E N D M E N T ======= |
| 69 | Remove line 6, and insert: |
| 70 | Debt Service Trust Fund; removing a limitation on the amount of |
| 71 | such proceeds that may be deposited into the State Housing Trust |
| 72 | Fund on or after a specified date; providing for no effect upon |
| 73 | amounts appropriated for the 2007-2008 fiscal year; amending s. |
| 74 | 1013.64, F.S.; |