1 | A bill to be entitled |
2 | An act relating to the Jacksonville Transportation |
3 | Authority; amending s. 349.02, F.S.; revising definitions; |
4 | defining the term "transportation facilities"; amending s. |
5 | 349.03, F.S.; specifying that the authority is an agency |
6 | of the state and not a unit of any other political |
7 | subdivision; revising a requirement for membership on the |
8 | governing body of the authority to provide that an |
9 | appointed member must be a resident and elector of Duval |
10 | County; amending s. 349.04, F.S.; revising scope of the |
11 | authority to include certain services throughout Duval |
12 | County; revising authority, powers, rights, and |
13 | responsibilities of the authority to provide for planning, |
14 | coordinating, developing, financing, refinancing, |
15 | constructing, owning, leasing, purchasing, operating, |
16 | maintaining, relocating, equipping, repairing, and |
17 | managing described transportation projects intended to |
18 | address needs or concerns in the Jacksonville, Duval |
19 | County, metropolitan area; requiring the Florida |
20 | Transportation Commission to monitor and conduct periodic |
21 | reviews of the authority; providing for financial |
22 | disclosure; revising bonding provisions; providing for the |
23 | authority to fix, alter, charge, establish, and collect |
24 | rates, fees, rentals, and other charges for any |
25 | transportation facilities of the authority; authorizing |
26 | purchases under government contract; revising eminent |
27 | domain provisions to include specified procedural powers; |
28 | authorizing use of local option taxes or county gasoline |
29 | tax funds to secure the payment of bonds; authorizing the |
30 | authority to establish and fund reserve accounts, adopt an |
31 | annual budget, use purchasing schedules and master |
32 | purchasing contracts, retain legal counsel and other |
33 | consultants, construct and own and maintain transportation |
34 | facilities outside the jurisdictional boundaries of Duval |
35 | County, form public benefit corporations, require bid |
36 | bonds and protest bonds, prequalify bidders or proposers, |
37 | suspend or debar consultants and contractors, and create |
38 | and operate an employees' benefit fund; providing for the |
39 | authority to expand its service area and enter into a |
40 | partnership with a contiguous county; providing that the |
41 | powers and obligations of the authority shall not be |
42 | subject to supervision, approval, or consent of any |
43 | municipality or county except as agreed upon in an |
44 | interlocal agreement; providing for certain contractual |
45 | obligations and recovery of damages; providing for |
46 | relocation of utility facilities interfering with |
47 | transportation projects; authorizing the authority to |
48 | enter lands, waters, and premises of another in the |
49 | performance of its duties; amending s. 349.041, F.S.; |
50 | revising provisions for funds appropriated by the City of |
51 | Jacksonville to the authority; repealing s. 349.042, F.S., |
52 | relating to the Jacksonville area planning board review of |
53 | construction and operation of the expressway and transit |
54 | functions of the authority; creating s. 349.043, F.S.; |
55 | requiring a public hearing prior to designation or |
56 | relocation of transportation facilities or substantive |
57 | changes thereto; providing procedures; requiring |
58 | compliance with federal requirements related to new or |
59 | altered transportation facilities or services; amending s. |
60 | 349.05, F.S.; authorizing bonds to be issued on behalf of |
61 | the authority; revising provisions for issuance and sale |
62 | of bonds; authorizing certain refunding bonds; revising |
63 | provisions for resolutions authorizing bonds; revising |
64 | provisions for fiscal agents; providing that bonds are not |
65 | obligations of the state; repealing s. 349.06, F.S., |
66 | relating to remedies of the bondholders; creating s. |
67 | 349.061, F.S.; providing approval for bond financing by |
68 | the authority; amending s. 349.07, F.S.; revising |
69 | provisions authorizing the Department of Transportation to |
70 | expend certain funds and use its resources for certain |
71 | items related to the Jacksonville Expressway System; |
72 | amending s. 349.10, F.S.; revising provisions for the |
73 | authority to acquire lands and rights therein; limiting |
74 | liability of the authority with respect to certain |
75 | contamination of lands acquired; authorizing the authority |
76 | and the Department of Environmental Protection to enter |
77 | into agreements for the performance and funding of |
78 | investigative and remedial acts; amending s. 349.12, F.S.; |
79 | revising covenant of the state related to bonds of the |
80 | authority; amending s. 349.13, F.S.; specifying conditions |
81 | under which property leased by the authority is exempt |
82 | from ad valorem taxes; amending s. 349.15, F.S.; revising |
83 | provisions for enforcement of rights by bondholders; |
84 | amending s. 349.17, F.S.; revising provisions for |
85 | application of and exemption from other laws relating to |
86 | issuance of bonds; amending s. 349.21, F.S.; revising |
87 | provisions for use of charter county transit system surtax |
88 | funds; creating s. 349.22, F.S.; providing conditions for |
89 | the authority to receive or solicit proposals and enter |
90 | into agreements with private entities for the building, |
91 | operation, ownership, or financing of highways, bridges, |
92 | multimodal transportation systems, transit-oriented |
93 | development nodes, transit stations, or related |
94 | transportation facilities; requiring certain costs to be |
95 | paid by the private entity; authorizing the department to |
96 | use state funds for projects on or that increase mobility |
97 | on the State Highway System; requiring notice of proposals |
98 | and providing procedures; providing for agreements to |
99 | authorize the public-private entity to impose tolls; |
100 | requiring public-private transportation facilities to |
101 | comply with laws, comprehensive plans, and the authority's |
102 | rules, policies, procedures, standards, and conditions; |
103 | authorizing the authority to exercise its powers to |
104 | facilitate public-private projects; providing for |
105 | application; providing an effective date. |
106 |
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107 | Be It Enacted by the Legislature of the State of Florida: |
108 |
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109 | Section 1. Section 349.02, Florida Statutes, is amended to |
110 | read: |
111 | 349.02 Definitions.-- |
112 | (1) Except in those instances where the context clearly |
113 | indicates otherwise, whenever used or referred to in this |
114 | chapter, the following terms whenever used or referred to in |
115 | this law shall have the following meanings, except in those |
116 | instances where the context clearly indicates otherwise: |
117 | (a)(1) The term "Authority" means shall mean the body |
118 | politic and corporate, an agency of the state created by this |
119 | chapter. |
120 | (b)(2) The term "Members" means shall mean the governing |
121 | body of the authority, and the term "member" means shall mean |
122 | one of the individuals constituting such governing body. |
123 | (c)(3) The term "Bonds" means and includes shall mean and |
124 | include the notes, bonds, refunding bonds, or other evidences of |
125 | indebtedness or obligations, in either temporary or definitive |
126 | form, that which the authority is authorized to issue pursuant |
127 | to this chapter. |
128 | (d)(4) The term "Lease-purchase agreement" means shall |
129 | mean the lease-purchase agreements that which the authority is |
130 | authorized pursuant to this chapter to enter into with the |
131 | department of Transportation. |
132 | (e)(5) The term "Department" means shall mean the |
133 | Department of Transportation existing under chapters 334-339. |
134 | (f)(6) The terms "Florida State Improvement Commission" or |
135 | "commission" means shall mean the state agency created, |
136 | organized, and existing under and by virtue of the provisions of |
137 | former chapter 420, or the successor thereto, chapter 29788, |
138 | Acts of 1955, now chapter 288. |
139 | (g)(7) The term "County" means shall mean the County of |
140 | Duval. |
141 | (h)(8) The term "City" means shall mean the City of |
142 | Jacksonville. |
143 | (i)(9) The term "State Board of Administration" means |
144 | shall mean the body corporate existing under the provisions of |
145 | s. 9, Art. XII of the State Constitution, or any successor |
146 | thereto. |
147 | (j)(10) The term "Agency of the state" means and includes |
148 | shall mean and include the state and any department of the |
149 | state, or any corporation, agency, or instrumentality heretofore |
150 | or hereafter created, designated, or established by, the state. |
151 | (k)(11) The term "Federal agency" means and includes shall |
152 | mean and include the United States, the President of the United |
153 | States, and any department of the United States, or any |
154 | corporation, agency, or instrumentality heretofore or hereafter |
155 | created, designated, or established by, the United States. |
156 | (l)(12) The term "Duval County gasoline tax funds" means |
157 | shall mean all the 80-percent surplus gasoline tax funds |
158 | accruing in each year to the Department of Transportation for |
159 | use in Duval County under the provisions of s. 9, Art. XII of |
160 | the State Constitution, after deduction only of any amounts of |
161 | said gasoline tax funds heretofore pledged by the department or |
162 | the county for outstanding obligations. |
163 | (m) "Transportation facilities" means and includes all |
164 | mobile and fixed assets (real or personal property or rights |
165 | therein) used in the transportation of persons or property by |
166 | any means of conveyance whatsoever, and all appurtenances |
167 | thereto, such as, but not limited to, highways; limited or |
168 | controlled access lanes and facilities; docks, vessels, |
169 | vehicles, fixed guideway facilities, and any means of conveyance |
170 | of persons or property of all types; park-and-ride facilities; |
171 | transit-related improvements adjacent to transit facilities or |
172 | stations; bus, train, vessel, or other vehicle storage, |
173 | cleaning, fueling, control, and maintenance facilities; and |
174 | administrative and other office space for the exercise by the |
175 | authority of the powers and obligations herein granted. |
176 | (2)(13) Words importing singular number shall include the |
177 | plural number in each case and vice versa, and words importing |
178 | persons shall include firms and corporations. |
179 | Section 2. Subsections (1) and (2) of section 349.03, |
180 | Florida Statutes, are amended to read: |
181 | 349.03 Jacksonville Transportation Authority.-- |
182 | (1) There is hereby created and established a body politic |
183 | and corporate and an agency of the state to be known as the |
184 | Jacksonville Expressway Authority, redesignated as the |
185 | Jacksonville Transportation Authority, and hereinafter referred |
186 | to as the "authority." Notwithstanding any other general or |
187 | special law, the authority created under this section is an |
188 | agency of the state and not a component unit of any other |
189 | political subdivision. |
190 | (2) The governing body of the authority shall consist of |
191 | seven members. Three members shall be appointed by the Governor |
192 | and confirmed by the Senate. Three members shall be appointed by |
193 | the mayor of the City of Jacksonville subject to confirmation by |
194 | the council of the City of Jacksonville. The seventh member |
195 | shall be the district secretary of the Department of |
196 | Transportation serving in the district that contains the City of |
197 | Jacksonville. Except for the seventh member, members shall be |
198 | residents and qualified electors of Duval County the City of |
199 | Jacksonville. |
200 | Section 3. Section 349.04, Florida Statutes, is amended to |
201 | read: |
202 | 349.04 Purposes and powers.-- |
203 | (1)(a) The authority created and established by the |
204 | provisions of this chapter is hereby granted and shall have the |
205 | right to acquire, hold, construct, improve, maintain, operate, |
206 | own, and lease in the capacity of lessor the Jacksonville |
207 | Expressway System (hereinafter referred to as "system"), |
208 | heretofore partially constructed or acquired by the Florida |
209 | State Improvement Commission in the Jacksonville, Duval County, |
210 | metropolitan area, as more specifically described in the |
211 | proceedings of the commission which authorized the issuance of |
212 | $28 million in bonds of the commission for such purpose, and as |
213 | hereafter completed or improved or extended as authorized by |
214 | this chapter, and all appurtenant facilities, including all |
215 | approaches, streets, roads, bicycle paths, bridges, and avenues |
216 | of access for the Jacksonville Expressway System, and to |
217 | construct or acquire extensions, additions, and improvements to |
218 | the system and to complete the construction and acquisition of |
219 | the system. |
220 | (b) The authority may, in addition, acquire, hold, |
221 | construct, improve, operate, maintain, and lease in the capacity |
222 | of lessor a mass transit system employing motor cars or buses; |
223 | street railway systems beneath the surface, on the surface, or |
224 | above the surface; or any other means determined useful to the |
225 | rapid transfer of large numbers of people among the locations of |
226 | residence, commerce, industry, and education in Duval County the |
227 | City of Jacksonville. |
228 | (c) The authority may further plan, coordinate, and |
229 | recommend to appropriate officers and agencies of federal, |
230 | state, and local governments methods and facilities for the |
231 | parking of vehicles, the movement of pedestrians, and vehicular |
232 | traffic (including bicycles), public and private, in Duval |
233 | County the City of Jacksonville, to accomplish a coordinated |
234 | transportation system for the greater Jacksonville area. The |
235 | authority may construct and operate passenger terminals for the |
236 | parking of automobiles and movement by public conveyance of |
237 | persons and construct and operate all other facilities necessary |
238 | to a complete and coordinated transportation system in the |
239 | Jacksonville area. |
240 | (d) It is the express intention of this chapter that the |
241 | authority, in completing the construction of the Jacksonville |
242 | Expressway System, is not limited to the description thereof |
243 | contained in the proceedings of the commission which authorized |
244 | the issuance of $28 million in bonds to finance part of the cost |
245 | thereof, but it is authorized to finance and construct any |
246 | additional extensions, additions, or improvements to the system, |
247 | or appurtenant facilities, including all necessary approaches, |
248 | roads, bicycle ways, bridges, and avenues of access, with such |
249 | changes, modifications, or revisions of the project as are |
250 | deemed desirable and proper. It is the intent of this chapter, |
251 | and to effect its purposes the Legislature determines, that |
252 | bonds issued under this chapter be deemed to be state capital |
253 | improvement bonds to finance or refinance the cost of state |
254 | capital projects pursuant to s. 11(d), Art. VII of the State |
255 | Constitution. However, the provisions of s. 316.091(2), relating |
256 | to bicycles, do not apply to this system. |
257 | (e) In addition to the other powers set forth in this |
258 | chapter, the authority has the right to plan, develop, finance, |
259 | construct, own, lease, purchase, operate, maintain, relocate, |
260 | equip, repair, and manage those public transportation projects, |
261 | such as express bus services; bus rapid transit services; light |
262 | rail, commuter rail, heavy rail, or other transit services; |
263 | ferry services; transit stations; park-and-ride lots; transit- |
264 | oriented development nodes; or feeder roads, reliever roads, |
265 | connector roads, bypasses, or appurtenant facilities, that are |
266 | intended to address critical transportation needs or concerns in |
267 | the Jacksonville, Duval County, metropolitan area. These |
268 | projects may also include all necessary approaches, roads, |
269 | bridges, and avenues of access that are desirable and proper |
270 | with the concurrence of the department, as applicable, if the |
271 | project is to be part of the State Highway System. |
272 | (f)(e) The authority, in addition to the other powers and |
273 | duties provided, shall have the power and responsibility to |
274 | formulate and implement a plan for a mass transit system which |
275 | will serve Duval County and the consolidated City of |
276 | Jacksonville. |
277 | (2) The authority is hereby granted, and shall have and |
278 | may exercise all powers necessary, appurtenant, convenient, or |
279 | incidental to the carrying out of the aforesaid purposes, |
280 | including, but without being limited to, the right and power: |
281 | (a) To sue and be sued, implead and be impleaded, and |
282 | complain and defend in all courts. |
283 | (b) To adopt, use, and alter at will a corporate seal. |
284 | (c) To acquire, purchase, construct, hold, lease as lessee |
285 | or lessor, and use any franchise or any property, real, |
286 | personal, or mixed, tangible or intangible, or any interest |
287 | therein, necessary or desirable for carrying out the purposes of |
288 | the authority and to sell, lease as lessor, transfer, and |
289 | dispose of any property or interest therein at any time acquired |
290 | by it, including, without limitation, land, buildings, and other |
291 | facilities located within or comprising transit-oriented |
292 | developments which enhance the use or utility of transportation |
293 | facilities owned or constructed by the authority and |
294 | administrative and other buildings for the use of the authority |
295 | in carrying out its powers and obligations granted in this |
296 | chapter. |
297 | (d) To enter into and make leases for terms not exceeding |
298 | 40 years, as either lessee or lessor, in order to carry out the |
299 | right to lease as set forth in this chapter. |
300 | (e) To enter into and make lease-purchase agreements with |
301 | the department for terms not exceeding 40 years, or until any |
302 | bonds secured by a pledge of rentals thereunder, and any |
303 | refundings thereof, are fully paid as to both principal and |
304 | interest, whichever is longer. |
305 | (f) To fix, alter, charge, establish, and collect rates, |
306 | fees, rentals, and other charges for the services and facilities |
307 | of the Jacksonville Expressway System and any other |
308 | transportation facilities of the authority, which rates, fees, |
309 | rentals, and other charges shall always be sufficient to comply |
310 | with any covenants made with the holders of any bonds issued |
311 | pursuant to this chapter; this right and power may be assigned |
312 | or delegated by the authority to the department. |
313 | (g)1. To borrow money and make and issue negotiable notes, |
314 | bonds, refunding bonds, and other evidences of indebtedness or |
315 | obligations, either in temporary or definitive form, |
316 | (hereinafter in this chapter sometimes called "bonds"), of the |
317 | authority, for the purpose of funding or refunding, at or prior |
318 | to maturity, any bonds theretofore issued by the authority, or |
319 | by the Florida State Improvement Commission to finance part of |
320 | the cost of the Jacksonville Expressway System, and purposes |
321 | related thereto, and for the purpose of financing or refinancing |
322 | all or part of the costs of completion, or improvement, or |
323 | extension of the Jacksonville Expressway System, and appurtenant |
324 | facilities, including all approaches, streets, roads, bridges, |
325 | and avenues of access for the Jacksonville Expressway System and |
326 | for any other purpose authorized by this chapter, such bonds to |
327 | mature in not exceeding 40 years from the date of the issuance |
328 | thereof; and to secure the payment of such bonds or any part |
329 | thereof by a pledge of any or all of its revenues, rates, fees, |
330 | rentals, or other charges, including all or any portion of the |
331 | Duval County gasoline tax funds received by the authority |
332 | pursuant to the terms of any lease-purchase agreement between |
333 | the authority and the department; and in general to provide for |
334 | the security of such bonds and the rights and remedies of the |
335 | holders thereof. |
336 | 2. In the event that the authority determines to fund or |
337 | refund any bonds theretofore issued by the authority, or by the |
338 | commission as aforesaid, prior to the maturity thereof, the |
339 | proceeds of such funding or refunding bonds shall, pending the |
340 | prior redemption of the bonds to be funded or refunded, be |
341 | invested in direct obligations of the United States; and it is |
342 | the express intention of this chapter that such outstanding |
343 | bonds may be funded or refunded by the issuance of bonds |
344 | pursuant to this chapter notwithstanding that part of such |
345 | outstanding bonds will not mature or become redeemable until 6 |
346 | years after the date of issuance of bonds pursuant to this |
347 | chapter to fund or refund such outstanding bonds. |
348 | (h) To make contracts of every name and nature and to |
349 | execute all instruments necessary or convenient for the carrying |
350 | on of its business. |
351 | (i) Without limitation of the foregoing, to borrow money |
352 | and accept grants from, and to enter into contracts, leases, or |
353 | other transactions with, any federal agency, the state, any |
354 | agency of the state, the County of Duval, the City of |
355 | Jacksonville, or any other public body of the state and to make |
356 | purchases under government contracts, whether with a federal, |
357 | state, or local governmental entity. |
358 | (j) To have the power of eminent domain, including the |
359 | procedural powers granted under chapters 73 and 74. |
360 | (k) To pledge, hypothecate, or otherwise encumber all or |
361 | any part of the revenues, rates, fees, rentals, or other charges |
362 | or receipts of the authority, including all or any portion of |
363 | the Duval County gasoline tax funds received by the authority |
364 | pursuant to the terms of any lease-purchase agreement between |
365 | the authority and the department, as security for all or any of |
366 | the obligations of the authority. |
367 | (l) To do all acts and things necessary or convenient for |
368 | the conduct of its business and the general welfare of the |
369 | authority, in order to carry out the powers granted to it by |
370 | this chapter or any other law. |
371 | (m) To invest and to borrow money and make and issue |
372 | negotiable notes, bonds, refunding bonds, and other evidences of |
373 | indebtedness or obligations, either in temporary or definitive |
374 | form, of the authority for the purpose of financing or |
375 | refinancing all or a part of funding or refunding the cost of |
376 | the acquisition or improvement of transportation facilities |
377 | motor or street railway vehicles, passenger terminals, |
378 | automobile parking facilities, or administrative offices and for |
379 | any other purposes authorized by this chapter, such bonds to |
380 | mature in not exceeding 40 years from the date of the issuance |
381 | thereof; to secure the payment of such bonds or any part thereof |
382 | by a pledge of any or all of its revenues, rates, fees, rentals, |
383 | or other charges, including, without limitation, all or any |
384 | portion of local option taxes or county gasoline tax funds |
385 | received by the authority; and in general to provide for the |
386 | security of such bonds and the rights and remedies of the |
387 | holders thereof. |
388 | (n) To adopt rules to carry out the powers and obligations |
389 | herein granted, which set forth a purpose, necessary |
390 | definitions, forms, general conditions and procedures, and fines |
391 | and penalties, including, without limitation, suspension or |
392 | debarment, and charges for nonperformance, with respect to any |
393 | aspect of the work or function of the authority for the |
394 | permitting, planning, funding, design, acquisition, |
395 | construction, equipping, operation, and maintenance of |
396 | transportation facilities, transit and highway, within the |
397 | state, provided or operated by the authority or others in |
398 | cooperation with or at the direction of the authority, and for |
399 | carrying out all other purposes of the authority set forth or |
400 | authorized in this chapter. |
401 | (o) To establish and fund reserve accounts with respect to |
402 | its operations and functions, make withdrawals therefrom, and |
403 | replenish such accounts, as the governing body may reasonably |
404 | determine. |
405 | (p) To adopt and approve an annual budget, and to utilize |
406 | purchasing schedules and master purchasing contracts of the |
407 | state or any federal agency, to the extent permitted by law. |
408 | (q) To retain legal counsel and financial, engineering, |
409 | real estate, accounting, design, planning, and other consultants |
410 | from time to time as the authority may determine to assist in |
411 | the carrying out of the powers and obligations granted in this |
412 | chapter. |
413 | (r) With the consent of the county within whose |
414 | jurisdiction the following activities occur, to construct, own, |
415 | operate, and maintain transportation facilities outside the |
416 | jurisdictional boundaries of Duval County, with all necessary |
417 | and incidental powers to accomplish the foregoing. |
418 | (s) To form, alone or with one or more other agencies of |
419 | the state or local governments, public benefit corporations to |
420 | carry out the powers and obligations granted in this chapter or |
421 | the powers and obligations of such other agencies or local |
422 | governments. |
423 | (t) To require or elect not to require bid bonds and |
424 | protest bonds, to prequalify bidders or proposers in various |
425 | categories of work or services, and to suspend or debar |
426 | consultants and contractors in accordance with the rules of the |
427 | authority. |
428 | (u) To create and operate an employees' benefit fund for |
429 | employees of the authority or public benefit corporations |
430 | controlled by it. The proceeds of vending machines located on |
431 | the premises of the authority or such corporations shall be paid |
432 | into the fund and used for such benefits and purposes as the |
433 | authority may determine. |
434 | (3) The authority shall have no power at any time or in |
435 | any manner to pledge the credit or taxing power of the state or |
436 | any political subdivision or agency thereof; nor shall any of |
437 | the obligations of the authority be deemed to be obligations of |
438 | the state or of any political subdivision or agency thereof; nor |
439 | shall the state or any political subdivision or agency thereof, |
440 | except the authority, be liable for the payment of the principal |
441 | of, or interest on, such obligations. However, this provision is |
442 | not applicable to the type or manner of financing authorized by |
443 | s. 9(c)(5), Art. XII of the State Constitution, as amended, and |
444 | laws enacted pursuant thereto. |
445 | (4) By a resolution of its governing body, the authority |
446 | may expand its service area and enter into a partnership with |
447 | any county that is contiguous to the then-current service area |
448 | of the authority. The governing body shall determine the |
449 | conditions and terms of the partnership, except as provided in |
450 | this section. However, the authority may not expand its service |
451 | area without the consent of the governing body representing the |
452 | proposed expansion area. |
453 | (5) Except as otherwise expressly provided in this |
454 | chapter, none of the powers and obligations herein granted to |
455 | the authority shall be subject to the supervision or require the |
456 | approval or consent of any municipality or county, except as may |
457 | be agreed upon by the authority in an interlocal agreement with |
458 | a municipality or county. |
459 | (6) No oral modification of a contract, whether for |
460 | construction of highway facilities or other transportation |
461 | facilities, shall be binding upon the authority or form the |
462 | basis for a claim against the authority. Only the chair of the |
463 | governing body or executive director of the authority, or the |
464 | designee of either, may bind the authority. In addition to any |
465 | provisions for liquidated damages for delay by contractors in |
466 | construction of transportation facilities for the authority, the |
467 | authority may also recover from the contractor amounts owing or |
468 | paid by the authority for damages suffered by third parties as a |
469 | result of the contractor's failure to complete the project |
470 | within the time stipulated in the contract, as amended by the |
471 | authority. In all cases in which damages to the authority for |
472 | delay are not specified by contract as a liquidated amount, the |
473 | measure of such damages shall be based upon an analysis of the |
474 | cost savings, in travel time and travel costs, to the traveling |
475 | public for transportation facilities that are not revenue- |
476 | producing. |
477 | (7) The authority shall be deemed to be an "authority" for |
478 | purposes of s. 337.403, shall have all of the powers granted to |
479 | authorities under s. 337.403, and shall have the powers granted |
480 | to the Department of Transportation under s. 337.274 with |
481 | respect to its powers and obligations granted in this chapter. |
482 | (8) The authority shall be deemed to be an "authority" for |
483 | purposes of s. 20.23(2)(b)8., relating to monitoring and review |
484 | by the Florida Transportation Commission, and for purposes of s. |
485 | 348.0003(4)(c), relating to financial disclosure requirements |
486 | for authority members. |
487 | Section 4. Section 349.041, Florida Statutes, is amended |
488 | to read: |
489 | 349.041 Provision of funds and services by city to |
490 | authority; employment of legal counsel.-- |
491 | (1) The authority shall prepare and submit annually its |
492 | requests for such funds as it may require from the city for the |
493 | ensuing year to the council of the city on or before June 1, |
494 | setting forth its estimated gross revenues and requirements with |
495 | respect to the activities or transportation facilities for which |
496 | funds of the city are sought estimated requirements for |
497 | operations, maintenance expenses, and debt service. A copy of |
498 | such requests shall be furnished to the Department of |
499 | Transportation. The council and the mayor of the City of |
500 | Jacksonville may appropriate such funds as they deem appropriate |
501 | for the use of the authority. |
502 | (2) Except as the council may provide, and except as |
503 | otherwise required by any trust indenture outstanding on |
504 | September 1, 1971, the authority shall utilize, on a cost- |
505 | accounted basis, the central services of the city, and shall pay |
506 | therefor. The authority may, however, employ legal counsel it |
507 | deems necessary, upon resolution of the authority. |
508 | Section 5. Section 349.042, Florida Statutes, is repealed. |
509 | Section 6. Section 349.043, Florida Statutes, is created |
510 | to read: |
511 | 349.043 Public hearings for transportation |
512 | facilities.--Transportation facilities may not be designated or |
513 | relocated by the authority, nor may substantive changes be made |
514 | thereto, until after a public hearing is conducted by the |
515 | authority. Any interested party shall have the opportunity to be |
516 | heard either in person or by counsel and to introduce testimony |
517 | in such person's behalf at the hearing. Reasonable notice of |
518 | each such public hearing shall be published in a newspaper of |
519 | general circulation in each county directly affected by the |
520 | proposed transportation facility not less than 14 days prior to |
521 | the hearing. In addition, the authority shall comply with all |
522 | applicable federal requirements related to new or altered |
523 | transportation facilities or services. |
524 | Section 7. Section 349.05, Florida Statutes, is amended to |
525 | read: |
526 | 349.05 Bonds of the authority; bonds not debt or pledges |
527 | of credit of state.-- |
528 | (1)(a) Bonds may be issued on behalf of the authority |
529 | pursuant to the State Bond Act or, alternatively, the authority |
530 | may issue bonds pursuant to paragraph (b). |
531 | (b)1. The bonds of the authority issued pursuant to the |
532 | provisions of this chapter, whether an original issuance or on |
533 | refunding, shall be authorized by resolution of the members |
534 | thereof and may be issued in one or more series, may be either |
535 | term or serial bonds, and shall bear such date or dates, be |
536 | payable on demand or mature at such time or times, not exceeding |
537 | 40 years from their respective dates, bear interest, fixed or |
538 | variable, at such rate or rates, not exceeding the maximum |
539 | lawful interest rate payable semiannually, be in such |
540 | denominations, be in such form, either coupon or fully |
541 | registered, carry such registration, exchangeability, and |
542 | interchangeability privileges, be payable in such medium of |
543 | payment and at such place or places, be subject to such terms of |
544 | redemption, with or without premium, and other terms, have such |
545 | rank, and be entitled to such remedies and priorities on the |
546 | revenues, rates, fees, rentals, or other charges or receipts of |
547 | the authority including all or any portion of local option sales |
548 | tax or the Duval county gasoline tax funds received by the |
549 | authority pursuant to the terms of any lease-purchase agreement |
550 | between the authority and the department, as the authority may |
551 | determine such resolution or any resolution subsequent thereto |
552 | may provide. The bonds shall be executed either by manual or |
553 | facsimile signature by such officers as the authority shall |
554 | determine, provided that such bonds shall bear at least one |
555 | signature that which is manually executed thereon, and the |
556 | coupons attached to such bonds shall bear the facsimile |
557 | signature or signatures of such officer or officers as shall be |
558 | designated by the authority and shall have the seal of the |
559 | authority affixed, imprinted, reproduced, or lithographed |
560 | thereon, all as may be prescribed in such resolution or |
561 | resolutions. |
562 | 2.(b) Such bonds shall be sold at public or private sale |
563 | at such price or prices as the authority determines to be in its |
564 | best interest, except that the interest costs to the authority |
565 | on such bonds may not exceed the maximum lawful interest rate. |
566 | The authority shall provide a specific finding by resolution as |
567 | to the reason requiring any negotiated sale must be sold at |
568 | public sale in the manner provided by the State Bond Act. |
569 | However, if the authority, by official action at a public |
570 | meeting, determines that a negotiated sale of the bonds is in |
571 | the best interest of the authority, the authority may negotiate |
572 | for sale of the bonds with the underwriter or underwriters |
573 | designated by the authority and the Division of Bond Finance of |
574 | the State Board of Administration. Pending the preparation of |
575 | definitive bonds, interim certificates may be issued to the |
576 | purchaser or purchasers of such bonds and may contain such terms |
577 | and conditions as the authority may determine. |
578 | 3. The authority may issue bonds pursuant to this |
579 | paragraph to refund any bonds previously issued regardless of |
580 | whether the bonds being refunded were issued by the authority |
581 | pursuant to this chapter or on behalf of the authority pursuant |
582 | to the State Bond Act. |
583 | (2) Any such resolution or resolutions authorizing any |
584 | bonds hereunder may contain provisions, and valid and legally |
585 | binding covenants of the authority, which shall be part of the |
586 | contract with the holders of such bonds, as to: |
587 | (a) The pledging of all or any part of the revenues, |
588 | rates, fees, rentals, including the sales surtax adopted |
589 | pursuant to s. 212.055(1) (including all or any portion of the |
590 | Duval county gasoline tax funds received by the authority |
591 | pursuant to the terms of any lease-purchase agreement between |
592 | the authority and the department, or any part thereof), or other |
593 | charges or receipts of any nature of the authority, whether or |
594 | not derived by the authority from the Jacksonville Expressway |
595 | System or its other transportation facilities; |
596 | (b) The completion, improvement, operation, extension, |
597 | maintenance, repair, lease, or lease-purchase agreement of said |
598 | system or transportation facilities, and the duties of the |
599 | authority and others, including the department, with reference |
600 | thereto; |
601 | (c) Limitations on the purposes to which the proceeds of |
602 | the bonds, then or thereafter to be issued, or of any loan or |
603 | grant, by the United States or the state may be applied; |
604 | (d) The fixing, charging, establishing, and collecting of |
605 | rates, fees, rentals, or other charges for use of the services |
606 | and facilities of the Jacksonville Expressway System or any part |
607 | thereof or its other transportation facilities; |
608 | (e) The setting aside of reserves or sinking funds or |
609 | repair and replacement funds and the regulation and disposition |
610 | thereof; |
611 | (f) Limitations on the issuance of additional bonds; |
612 | (g) The terms and provisions of any lease-purchase |
613 | agreement, deed of trust, or indenture securing the bonds, or |
614 | under which the same may be issued; and |
615 | (h) Any other or additional provisions, covenants, and |
616 | agreements with the holders of the bonds which the authority may |
617 | deem desirable and proper. |
618 | (3) The authority may employ fiscal agents as provided by |
619 | this chapter or the State Board of Administration may, upon |
620 | request by the authority, act as fiscal agent for the authority |
621 | in the issuance of any bonds that may be issued pursuant to this |
622 | chapter, and the State Board of Administration may, upon request |
623 | by the authority, take over the management, control, |
624 | administration, custody, and payment of any or all debt services |
625 | or funds or assets now or hereafter available for any bonds |
626 | issued pursuant to this chapter. The authority may enter into |
627 | deeds of trust, indentures, or other agreements with a corporate |
628 | trustee or trustees, which shall act as its fiscal agent for the |
629 | authority and may be, or with any bank or trust company within |
630 | or without the state, as security for such bonds, and may, under |
631 | such agreements, assign and pledge all or any of the revenues, |
632 | rates, fees, rentals, or other charges or receipts of the |
633 | authority, including all or any portion of local option taxes or |
634 | the Duval county gasoline tax funds received by the authority |
635 | pursuant to the terms of any lease-purchase agreement between |
636 | the authority and the department, thereunder. Such deed of |
637 | trust, indenture, or other agreement, may contain such |
638 | provisions as are is customary in such instruments or, as the |
639 | authority may authorize, including, but without limitation, |
640 | provisions as to: |
641 | (a) The completion, improvement, operation, extension, |
642 | maintenance, repair, and lease of, or lease-purchase agreement |
643 | relating to, all or any part of transportation facilities |
644 | authorized in this chapter to be constructed, acquired, |
645 | developed, or operated by the authority the Jacksonville |
646 | Expressway System, and the duties of the authority and others, |
647 | including the department, with reference thereto; |
648 | (b) The application of funds and the safeguarding of funds |
649 | on hand or on deposit; |
650 | (c) The rights and remedies of the trustee and the holders |
651 | of the bonds; and |
652 | (d) The terms and provisions of the bonds or the |
653 | resolutions authorizing the issuance of the same. |
654 | (4) Any of the bonds issued pursuant to this chapter are, |
655 | and are hereby declared to be, negotiable instruments, and shall |
656 | have all the qualities and incidents of negotiable instruments |
657 | under the law merchant and the negotiable instruments law of the |
658 | state. |
659 | (5) Notwithstanding any of the provisions of this chapter, |
660 | each project, building, or facility that which has been financed |
661 | by the issuance of bonds or other evidences of indebtedness |
662 | under this chapter and any refinancing thereof is hereby |
663 | approved as provided for in s. 11(f), Art. VII of the State |
664 | Constitution. |
665 | (6) Revenue bonds issued under the provisions of this |
666 | chapter are not debts of the state or pledges of the faith and |
667 | credit of the state. Such bonds are payable exclusively from |
668 | revenues pledged for their payment. Each such bond shall contain |
669 | a statement on its face that the state is not obligated to pay |
670 | the same or the interest thereon, except from the revenues |
671 | pledged for their payment, and that the faith and credit of the |
672 | state is not pledged to the payment of the principle or interest |
673 | of such bond. The issuance of revenue bonds under the provisions |
674 | of this chapter does not directly, indirectly, or contingently |
675 | obligate the state to levy or to pledge any form of taxation |
676 | whatsoever or to make any appropriation for their payment. |
677 | Section 8. Section 349.06, Florida Statutes, is repealed. |
678 | Section 9. Section 349.061, Florida Statutes, is created |
679 | to read: |
680 | 349.061 Bond financing authority.--Pursuant to s. 11(f), |
681 | Art. VII of the State Constitution, the Legislature hereby |
682 | approves for bond financing by the authority any extensions, |
683 | additions, and improvements to the Jacksonville Expressway |
684 | System and any other facilities appurtenant, necessary, or |
685 | incidental to the system or any transportation facilities herein |
686 | authorized to be constructed, acquired, or operated by the |
687 | authority. Subject to terms and conditions of applicable revenue |
688 | bond resolutions and covenants, such costs may be financed in |
689 | whole or in part by revenue bonds issued pursuant to s. |
690 | 349.05(1)(a) or (b), whether currently issued or issued in the |
691 | future, or by a combination of such bonds. |
692 | Section 10. Subsection (7) of section 349.07, Florida |
693 | Statutes, is amended to read: |
694 | 349.07 Lease-purchase agreement.-- |
695 | (7) Regardless of whether the authority enters into a |
696 | lease-purchase agreement with the department relating to the |
697 | system or any part thereof, the Said system shall be a part of |
698 | the State Highway road System and the said department is hereby |
699 | authorized, upon the request of the authority, to expend out of |
700 | any funds available for the purpose such moneys, and to use such |
701 | of its engineering and other forces, as may be necessary and |
702 | desirable in the judgment of the said department, for the |
703 | operation of the said authority and for traffic surveys, |
704 | borings, surveys, preparation of plans and specifications, |
705 | estimates of cost, and other preliminary engineering and other |
706 | studies; provided, however, that the aggregate amount of moneys |
707 | expended for said purposes by said department shall not exceed |
708 | the sum of $375,000. |
709 | Section 11. Section 349.10, Florida Statutes, is amended |
710 | to read: |
711 | 349.10 Acquisition of lands and property.-- |
712 | (1) For the purposes of this chapter, law the Jacksonville |
713 | Transportation Authority may acquire private or public property |
714 | and property rights, including rights of access, air, view, and |
715 | light, by gift, devise, purchase, or condemnation by eminent |
716 | domain proceedings, as the authority may deem necessary, |
717 | including, but not limited to, any lands reasonably necessary |
718 | for securing applicable permits, areas necessary for management |
719 | of access, borrow pits, drainage ditches, water retention areas, |
720 | rest areas, replacement access for landowners whose access is |
721 | impaired due to the construction of transportation facilities, |
722 | and replacement rights-of-way for relocated rail and utility |
723 | facilities, and areas necessary for existing, proposed, or |
724 | anticipated transportation facilities or in a transportation |
725 | corridor designated by the authority. The authority shall also |
726 | have the power to condemn any material and property necessary |
727 | for such for any of the purposes of this chapter. Property |
728 | already devoted to a public use may be acquired in like manner, |
729 | provided that no real property belonging to the city, the |
730 | county, the state, or any political subdivision thereof may be |
731 | acquired without its consent. The right of eminent domain herein |
732 | conferred shall be exercised by the authority in the manner |
733 | provided by law. |
734 | (2) The authority may acquire such rights, title, |
735 | interest, or easements in such lands as it may deem necessary |
736 | for any of the purposes of this chapter. |
737 | (3) In connection with the acquisition of property or |
738 | property rights as herein provided, the authority may in its |
739 | discretion acquire an entire lot, block, or tract of land, if by |
740 | so doing the interests of the public will be best served, even |
741 | though said entire lot, block, or tract is not immediately |
742 | needed for the right-of-way proper. |
743 | (4) When the authority acquires property for a |
744 | transportation facility or in a transportation corridor, it is |
745 | not subject to any liability imposed by chapter 376 or chapter |
746 | 403 for preexisting soil or groundwater contamination due solely |
747 | to its ownership. This section does not affect the rights or |
748 | liabilities of any past or future owners of the acquired |
749 | property nor does it affect the liability of any governmental |
750 | entity for the results of its actions that create or exacerbate |
751 | a pollution source. The authority and the Department of |
752 | Environmental Protection may enter into interagency agreements |
753 | for the performance, funding, and reimbursement for the costs of |
754 | the investigative and remedial acts necessary for property |
755 | acquired by the authority. |
756 | Section 12. Section 349.12, Florida Statutes, is amended |
757 | to read: |
758 | 349.12 Covenant of the state.--The state does hereby |
759 | pledge to, and agree agrees, with any person, firm or |
760 | corporation, or federal or state agency subscribing to, or |
761 | acquiring the bonds to be issued by the authority for the |
762 | purposes of this chapter that the state will not limit or alter |
763 | the rights hereby vested in the authority and the department |
764 | until all bonds at any time issued, together with the interest |
765 | thereon, are fully paid and discharged insofar as the same |
766 | affects the rights of the holders of bonds issued hereunder. The |
767 | state does further pledge to, and agree, with the United States |
768 | and any federal agency that, in the event that any federal |
769 | agency shall construct or contribute any funds for the |
770 | completion, extension, or improvement of the Jacksonville |
771 | Expressway System or other transportation facilities of the |
772 | authority, or any part or portion thereof, the state will not |
773 | alter or limit the rights and powers of the authority and the |
774 | department in any manner that which would be inconsistent with |
775 | the continued maintenance and operation of the Jacksonville |
776 | Expressway System or other transportation facilities of the |
777 | authority or the completion, extension, or improvement thereof, |
778 | or that which would be inconsistent with the due performance of |
779 | any agreements between the authority and any such federal |
780 | agency, and the authority and the department shall continue to |
781 | have and may exercise all powers herein granted, so long as the |
782 | same shall be necessary or desirable for the carrying out of the |
783 | purposes of this chapter and the purposes of the United States |
784 | in the completion, extension, or improvement of the Jacksonville |
785 | Expressway System or other transportation facilities of the |
786 | authority, or any part or portion thereof. |
787 | Section 13. Section 349.13, Florida Statutes, is amended |
788 | to read: |
789 | 349.13 Exemption from taxation.--The effectuation of the |
790 | authorized purposes of the authority created under this chapter |
791 | is, shall and will be, in all respects for the benefit of the |
792 | people of the state, for the increase of their commerce and |
793 | prosperity, and for the improvement of their health and living |
794 | conditions, and since such authority will be performing |
795 | essential governmental functions in effectuating such purposes, |
796 | such authority shall not be required to pay any taxes or |
797 | assessments of any kind or nature whatsoever upon any property |
798 | acquired or used by it for such purposes, or upon any rates, |
799 | fees, rentals, receipts, income, or charges at any time received |
800 | by it, and the bonds and other obligations issued under this |
801 | chapter by the authority, their transfer and the income |
802 | therefrom, (including any profits made on the sale thereof), |
803 | shall at all times be free from taxation of any kind by the |
804 | state, or by any political subdivision, or taxing agency or |
805 | instrumentality thereof. The exemption granted by this section |
806 | shall not be applicable to any tax imposed by chapter 220 on |
807 | interest, income, or profits on debt obligations owned by |
808 | corporations. When property of the authority is leased, it shall |
809 | be exempt from ad valorem taxes only if the use by the lessee |
810 | qualifies the property for exemption under s. 196.199. |
811 | Section 14. Section 349.15, Florida Statutes, is amended |
812 | to read: |
813 | 349.15 Remedies; pledges enforceable by bondholders.--Any |
814 | holder of bonds issued under this chapter, except to the extent |
815 | such rights may be restricted by the resolution, deed of trust, |
816 | indenture, or other proceeding relating to the issuance of such |
817 | bonds, may by civil action, mandamus, or other appropriate |
818 | action, suit, or proceeding in law or in equity, in any court of |
819 | competent jurisdiction, protect and enforce any and all rights |
820 | of such bondholder granted under the proceedings authorizing the |
821 | issuance of such bonds and enforce any pledge made for payment |
822 | of the principal and interest on bonds, or any covenant or |
823 | agreement relative thereto, against the authority or directly |
824 | against the department, as may be appropriate. It is the express |
825 | intention of this chapter that any pledge by the department of |
826 | rates, fees, revenues, Duval county gasoline tax funds, or other |
827 | funds, as rentals, to the authority or any covenants or |
828 | agreements relative thereto may be enforceable in any court of |
829 | competent jurisdiction against the authority or directly against |
830 | the department by any holder of bonds issued by the authority. |
831 | Section 15. Section 349.17, Florida Statutes, is amended |
832 | to read: |
833 | 349.17 Chapter complete and additional authority.-- |
834 | (1) The powers conferred by this chapter shall be in |
835 | addition and supplemental to the existing powers of said board |
836 | and the Department of Transportation, and this chapter shall not |
837 | be construed as repealing any of the provisions of any other |
838 | law, general, special, or local, but to supersede such other |
839 | laws in the exercise of the powers provided in this chapter, and |
840 | to provide a complete method for the exercise of the powers |
841 | granted in this chapter. The refunding of any of the bonds of |
842 | Florida State Improvement Commission heretofore issued to |
843 | finance part of the cost of said Jacksonville Expressway System, |
844 | and the completion, extension, and improvement of said system, |
845 | and the issuance of bonds hereunder to finance all or part of |
846 | the cost thereof, may be accomplished upon compliance with the |
847 | provisions of this chapter without regard to or necessity for |
848 | compliance with the provisions, limitations, or restrictions |
849 | contained in any other general, special, or local law, |
850 | including, without limitation, s. 215.821, and no approval of |
851 | any bonds issued under this chapter by the qualified electors or |
852 | qualified electors who are freeholders in the state or in said |
853 | County of Duval, or in said City of Jacksonville, or in any |
854 | other political subdivision of the state, shall be required for |
855 | the issuance of such bonds pursuant to this chapter. |
856 | (2) This chapter shall not be deemed to repeal, rescind, |
857 | or modify any other law or laws relating to said State Board of |
858 | Administration, said Department of Transportation, or said |
859 | Florida State Improvement Commission, but shall be deemed to and |
860 | shall supersede such other law or laws in the exercise of the |
861 | powers provided in this chapter insofar as such other law or |
862 | laws are inconsistent with the provisions of this chapter, |
863 | including, without limitation, s. 215.821. |
864 | Section 16. Section 349.21, Florida Statutes, is amended |
865 | to read: |
866 | 349.21 Powers conferred by s. 212.055(1).--Notwithstanding |
867 | any other provision of law, any transportation authority created |
868 | by this chapter shall have all the powers conferred by s. |
869 | 212.055(1). The revenues provided by this section may shall be |
870 | used or pledged as set forth in s. 212.055(1), including to pay |
871 | principal and interest on bonds issued to refinance existing |
872 | bonds or new bonds issued for the construction of rapid transit |
873 | systems, bus systems, roads, or bridges, as provided in s. |
874 | 212.055(1) for which tolls have been pledged. The powers |
875 | provided by this section shall expire when all such bonds in |
876 | existence on the effective date of this act have been retired. |
877 | Section 17. Section 349.22, Florida Statutes, is created |
878 | to read: |
879 | 349.22 Public-private transportation facilities.-- |
880 | (1) The authority may receive or solicit proposals and |
881 | enter into agreements with private entities or consortia thereof |
882 | for the building, operation, ownership, or financing of |
883 | highways, bridges, multimodal transportation systems, transit- |
884 | oriented development nodes, transit stations, or related |
885 | transportation facilities. Before approval, the authority must |
886 | determine that a proposed project: |
887 | (a) Is in the public's best interest. |
888 | (b) Would not require state funds to be used unless the |
889 | project is on or provides increased mobility on the State |
890 | Highway System. |
891 | (c) Would have adequate safeguards to ensure that |
892 | additional costs or unreasonable service disruptions would not |
893 | be realized by the traveling public and citizens of the state in |
894 | the event of default or cancellation of the agreement by the |
895 | authority. |
896 | (2) The authority shall ensure that all reasonable costs |
897 | to the state related to transportation facilities that are not |
898 | part of the State Highway System are borne by the private entity |
899 | or any partnership created to develop the facilities. The |
900 | authority shall also ensure that all reasonable costs to the |
901 | state and substantially affected local governments and utilities |
902 | related to the private transportation facility are borne by the |
903 | private entity for transportation facilities that are owned by |
904 | private entities. For projects on the State Highway System or |
905 | that provide increased mobility on the State Highway System, the |
906 | department may use state resources to participate in funding and |
907 | financing the project as provided for under the department's |
908 | enabling legislation. |
909 | (3) The authority may request proposals and receive |
910 | unsolicited proposals for public-private transportation projects |
911 | and, upon receipt of any unsolicited proposal or determination |
912 | to issue a request for proposals, the authority must publish a |
913 | notice in the Florida Administrative Weekly and a newspaper of |
914 | general circulation in the county in which the proposed project |
915 | is located at least once a week for 2 weeks requesting proposals |
916 | or, if an unsolicited proposal was received, stating that it has |
917 | received the proposal and will accept, for 60 days after the |
918 | initial date of publication, other proposals for the same |
919 | project purpose. A copy of the notice must be mailed to each |
920 | local government in the affected areas. After the public |
921 | notification period has expired, the authority shall rank the |
922 | proposals in order of preference. In ranking the proposals, the |
923 | authority shall consider professional qualifications, general |
924 | business terms, innovative engineering or cost-reduction terms, |
925 | finance plans, and the need for state funds to deliver the |
926 | proposal. If the authority is not satisfied with the results of |
927 | the negotiations, it may, at its sole discretion, terminate |
928 | negotiations with the proposer. If these negotiations are |
929 | unsuccessful, the authority may go to the second and lower- |
930 | ranked firms, in order, using the same procedure. If only one |
931 | proposal is received, the authority may negotiate in good faith |
932 | and, if it is not satisfied with the results, it may, at its |
933 | sole discretion, terminate negotiations with the proposer. |
934 | Notwithstanding this subsection, the authority may, at its |
935 | discretion, reject all proposals at any point in the process up |
936 | to completion of a contract with the proposer. |
937 | (4) Agreements entered into pursuant to this section may |
938 | authorize the public-private entity to impose tolls or fares for |
939 | the use of the transportation facility. However, the amount and |
940 | use of toll or fare revenues shall be regulated by the authority |
941 | to avoid unreasonable costs to users of the facility. |
942 | (5) Each public-private transportation facility |
943 | constructed pursuant to this section shall comply with all |
944 | requirements of federal, state, and local laws; state, regional, |
945 | and local comprehensive plans; the authority's rules, policies, |
946 | procedures, and standards for transportation facilities; and any |
947 | other conditions that the authority determines to be in the |
948 | public's best interest. |
949 | (6) The authority may exercise any of its powers, |
950 | including eminent domain, to facilitate the development and |
951 | construction of transportation projects pursuant to this |
952 | section. The authority may pay all or part of the cost of |
953 | operating and maintaining the facility or may provide services |
954 | to the private entity, for which services it shall receive full |
955 | or partial reimbursement. |
956 | (7) Except as provided in this section, this section is |
957 | not intended to amend existing law by granting additional powers |
958 | to or imposing further restrictions on the governmental entities |
959 | with regard to regulating and entering into cooperative |
960 | arrangements with the private sector for the planning, |
961 | construction, and operation of transportation facilities. |
962 | Section 18. This act shall take effect July 1, 2008. |