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Senator Saunders moved the following amendment:

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     Senate Amendment

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     Between line(s) 2615-2616

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and insert:

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     Section 17.  Paragraph (e) of subsection (10) of section

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373.59, Florida Statutes, is amended to read:

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     373.59  Water Management Lands Trust Fund.--

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     (10)(a)  Beginning July 1, 1999, not more than one-fourth of

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the funds provided for in subsections (1) and (8) in any year

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shall be reserved annually by a governing board, during the

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development of its annual operating budget, for payments in lieu

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of taxes for all actual tax losses incurred as a result of

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governing board acquisitions for water management districts

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pursuant to ss. 259.101, 259.105, 373.470, and this section

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during any year. Reserved funds not used for payments in lieu of

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taxes in any year shall revert to the Water Management Lands

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Trust Fund to be used in accordance with the provisions of this

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section.

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     (e)  If property that was subject to ad valorem taxation was

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acquired by a tax-exempt entity for ultimate conveyance to the

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state under this chapter, payment in lieu of taxes shall be made

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for such property based upon the average amount of taxes paid on

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the property for the 3 years prior to its being removed from the

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tax rolls. The water management districts shall certify to the

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Department of Revenue those properties that may be eligible under

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this provision. Once eligibility has been established, that

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governmental entity shall receive 10 consecutive annual payments

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for each tax loss until the qualifying governmental entity

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exceeds the population threshold pursuant to s. 259.032(12)(b).,

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and no further eligibility determination shall be made during

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that period.

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(renumber sections)

4/15/2008  10:16:00 PM     EP.37.07755