Florida Senate - 2008 SENATOR AMENDMENT
Bill No. CS for SB 1588
252378
Senate
Floor: 7/AD/2R
4/10/2008 12:29 PM
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House
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Senator Alexander and Lynn moved the following amendment:
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Senate Amendment
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Delete line(s) 1032-1045
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and insert:
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Section 16. (1) Beginning in fiscal year 2008-2009, the
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Legislature shall appropriate moneys to offset the reductions in
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ad valorem tax revenue experienced by fiscally constrained
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counties, as defined in s. 218.67(1), Florida Statutes, which
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occur as a direct result of the implementation of revisions of
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Article VII of the State Constitution approved in the special
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election held on January 29, 2008. The moneys appropriated for
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this purpose shall be distributed in January of each fiscal year
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among the fiscally constrained counties based on each county's
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proportion of the total reduction in ad valorem tax revenue
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resulting from the implementation of the revision.
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(2) On or before November 15 of each year, beginning in
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2008, each fiscally constrained county shall apply to the
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4/10/2008 10:04:00 AM 17-07306-08
CODING: Words stricken are deletions; words underlined are additions.