| 1 | Representatives Zapata and Robaina offered the following: |
| 2 |
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| 3 | Amendment(with title amendment) |
| 4 | Remove lines 1865-1879 and insert: |
| 5 | (4)(a)(5) When bonds are outstanding which have been |
| 6 | issued to finance or refinance any turnpike project, the tolls |
| 7 | and all other revenues derived from the turnpike system and |
| 8 | pledged to such bonds shall be set aside as may be provided in |
| 9 | the resolution authorizing the issuance of such bonds or the |
| 10 | trust agreement securing the same. The tolls or other revenues |
| 11 | or other moneys so pledged and thereafter received by the |
| 12 | department are immediately subject to the lien of such pledge |
| 13 | without any physical delivery thereof or further act. The lien |
| 14 | of any such pledge is valid and binding as against all parties |
| 15 | having claims of any kind in tort or contract or otherwise |
| 16 | against the department irrespective of whether such parties have |
| 17 | notice thereof. Neither the resolution nor any trust agreement |
| 18 | by which a pledge is created need be filed or recorded except in |
| 19 | the records of the department. |
| 20 | (b) Prior to October 1, 2008, the department shall conduct |
| 21 | a study of the turnpike system users that determines the number |
| 22 | of vehicles that enter the Bird Road Plaza and then connect onto |
| 23 | the Miami-Dade Expressway Authority system. No later than March |
| 24 | 1, 2009, the department shall enter into a revenue-sharing |
| 25 | agreement with the Miami-Dade Expressway Authority which |
| 26 | provides for the transfer of 25 percent of the revenues |
| 27 | equivalent to the amount of revenues generated by the vehicles |
| 28 | that enter the Bird Road Plaza and then connect onto the Miami- |
| 29 | Dade Expressway Authority system as determined by the study. The |
| 30 | agreement shall be updated based on subsequent traffic studies |
| 31 | conducted at such frequency as agreed to by the department and |
| 32 | the Miami-Dade Expressway Authority, but in no event shall the |
| 33 | agreement be updated more frequently that once every 2 years and |
| 34 | no less frequently than once every 5 years. |
| 35 |
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| 36 | ====== T I T L E A M E N D M E N T ===== |
| 37 | Remove line 139 and insert: |
| 38 | methods; requiring the department to conduct a study; requiring |
| 39 | the department to enter into a revenue-sharing agreement with |
| 40 | the Miami-Dade Expressway Authority and providing for updates |
| 41 | thereof; requiring public notice and hearing; amending s. |