Florida Senate - 2009                        COMMITTEE AMENDMENT
       Bill No. SB 1468
       
       
       
       
       
       
                                Barcode 699516                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  03/17/2009           .                                
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       The Committee on Community Affairs (Bennett) recommended the
       following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete everything after the enacting clause
    4  and insert:
    5         Section 1. Section 193.704, Florida Statutes, is created to
    6  read:
    7         193.704Working waterfront property; definitions.—As used
    8  in ss. 193.704-193.7042, the term:
    9         (1)“Accessible to the public” means routinely available to
   10  the public, with or without charge, from sunrise to sunset and
   11  having appropriate public accommodations, such as public parking
   12  or public boat ramps.
   13         (2)“Commercial fishing operation” has the same meaning as
   14  in s. 379.2351.
   15         (3)“Drystack” means a vessel-storage facility or building
   16  in which the storage spaces for vessels are available for use by
   17  the public on a first-come, first-served lease basis without
   18  automatic renewal rights or conditions. The term does not
   19  include drystacks in which boat storage is limited to persons
   20  who purchase, receive, or rent a storage space as a condition of
   21  homeownership or tenancy.
   22         (4)“Land used predominantly for commercial fishing
   23  purposes” means land used in good faith in a for-profit
   24  commercial fishing operation for the taking or harvesting of
   25  freshwater fish or saltwater products, as defined in s. 379.101,
   26  for which a commercial license to take, harvest, or sell such
   27  freshwater fish or saltwater products as required under chapter
   28  379.
   29         (5)“Marina” means a commercial facility licensed to do
   30  business in Florida which provides secured public moorings or
   31  drystacks for boats on a first-come, first-served leased basis
   32  and without automatic renewal rights or conditions. The term
   33  does not include marinas that limit mooring or storage of
   34  vessels to persons who purchase, receive, or rent a mooring slip
   35  or storage space as a condition of homeownership or tenancy.
   36         (6)“Marine manufacturing facility” means a facility that
   37  manufactures vessels for use in waters that are navigable.
   38         (7)“Marine vessel construction and repair facilities”
   39  means facilities such as shipyards or dockyards that construct
   40  and repair vessels that travel over waters that are navigable.
   41  As used in this section, the term “repair” includes retrofitting
   42  and maintenance.
   43         (8)“Open to the public” means for hire to the public and
   44  accessible during normal operating hours.
   45         (9)“Support activities” means those facilities that are
   46  typically colocated with marine vessel construction and repair
   47  facilities, such as shop, equipment, or salvage facilities.
   48         (10)“Water-dependent” means that the operations of a
   49  facility require direct access to the water.
   50         (11)“Waterfront” means property that is on, over, or
   51  abutting waters that are navigable.
   52         (12)“Waters that are navigable” means the waters of the
   53  state which are capable of supporting boating and are used or
   54  may be used in their ordinary condition as highways for commerce
   55  for which trade or travel are or may be conducted in the
   56  customary modes of trade or travel on water.
   57         Section 2. Section 193.7041, Florida Statutes, is created
   58  to read:
   59         193.7041Working waterfront property; classification and
   60  assessment; loss of classification; penalty.—
   61         (1)Pursuant to s. 4(j), Art. VII of the State
   62  Constitution, effective January 1, 2010, the following
   63  waterfront property is eligible for classification as working
   64  waterfront property:
   65         (a)Land used predominantly for commercial fishing
   66  purposes.
   67         (b)Land that is accessible to the public and used for
   68  vessel launches into waters that are navigable.
   69         (c)Marinas and drystacks that are open to the public.
   70         (d)Water-dependent marine manufacturing facilities.
   71         (e)Water-dependent commercial fishing facilities.
   72         (f)Water-dependent marine vessel construction and repair
   73  facilities and their support activities.
   74         (2)Property classified as working waterfront property
   75  pursuant to this section must be assessed on the basis of
   76  current use. Assessed value must be calculated using the income
   77  approach to value as described in The Appraisal of Real Estate,
   78  Thirteenth Edition, as subsequently revised and published by the
   79  Appraisal Institute, and in effect on January 1 of the
   80  assessment year. The capitalization rate used to determine
   81  assessed value must be based upon a debt coverage ratio formula
   82  in which the overall capitalization rate equals the debt
   83  coverage ratio multiplied by the mortgage capitalization rate
   84  multiplied by the loan-to-value ratio for comparable properties.
   85  The overall capitalization rate must be calculated and updated
   86  annually. In assessing working waterfront property, a property
   87  appraiser shall use data from lenders for industrywide loan
   88  interest rates, loan-to-value ratios, amortization terms,
   89  payment periods, debt coverage ratio requirements, market rental
   90  rates, market expense rates, and market vacancy rates. The data
   91  must be county-specific unless insufficient data is available,
   92  in which case the property appraiser shall use data for
   93  surrounding counties.
   94         (3)(a)Property may not be classified as working waterfront
   95  property unless an application for the classification is filed
   96  with the property appraiser on or before March 1 of each year in
   97  the county in which the property is located. Before classifying
   98  the property as working waterfront property, the property
   99  appraiser may require the property owner to establish that the
  100  property is used as required under this section. The owner of
  101  property classified as working waterfront property in the prior
  102  year may reapply on a short form adopted by rule by the
  103  Department of Revenue.
  104         (b)Failure of a property owner to apply for the
  105  classification as working waterfront property by March 1
  106  constitutes a waiver of the classification for 1 year. However,
  107  the property appraiser may approve a late application and grant
  108  a working waterfront classification if the property owner
  109  establishes that extenuating circumstances prevented the
  110  property owner from filing an application by the deadline.
  111         (c)A county may, at the request of the property appraiser
  112  and by a majority vote of its governing body, waive the
  113  requirement that an annual application or short form be filed
  114  with the property appraiser for renewal of the classification of
  115  property as working waterfront property. The waiver may be
  116  revoked by a majority vote of the governing body of the county.
  117         (d)Notwithstanding paragraph (c), a new application for
  118  classification as working waterfront property must be filed with
  119  the property appraiser after the property receiving the
  120  classification is sold or otherwise disposed of or the ownership
  121  changes in any manner.
  122         (e)The property appraiser shall remove from the
  123  classification as working waterfront property any property for
  124  which the classified use has been abandoned or discontinued. The
  125  removed property shall be assessed at just value pursuant to s.
  126  193.011.
  127         (f)1.The owner of classified working waterfront property,
  128  who is not required to file an annual application under this
  129  section, must notify the property appraiser promptly if the use
  130  of the property or the ownership changes in a manner that
  131  changes the classified status of the property. If a property
  132  owner fails to notify the property appraiser and the property
  133  appraiser determines that, for any year within the prior 10
  134  years, the property was not qualified to receive the
  135  classification, the owner of the property is subject to taxes
  136  otherwise due and owing as a result of the failure plus 15
  137  percent interest per annum and a penalty of 50 percent of the
  138  additional taxes owed.
  139         2.A property appraiser who determines that a property
  140  owner failed to provide the required notice of change in use or
  141  ownership must record a tax lien against real property owned by
  142  the person or entity. The property is subject to the payment of
  143  all taxes and penalties. If the person or entity no longer owns
  144  property in the county in which the unlawfully or improperly
  145  classified working waterfront property is located, the property
  146  appraiser shall record a tax lien against other properties owned
  147  by the person or entity in other counties of the state. Any tax
  148  lien recorded pursuant to this paragraph must identify the
  149  property that was unlawfully or improperly classified as working
  150  waterfront property and the property to which the lien applies.
  151         (g)For property in which a portion receives a working
  152  waterfront classification, the portion not eligible for
  153  classification as a working waterfront property must be assessed
  154  pursuant to s. 193.011.
  155         (h)The property appraiser must make a list of all
  156  applications for classification as working waterfront property.
  157  The list must include the acreage, the just value of the
  158  property determined pursuant to s. 193.011, the value of the
  159  property if classification as working waterfront property is
  160  granted or the reason if classification is denied, the name of
  161  the property owner, the name of any business operating on the
  162  property, and the address of the property.
  163         Section 3. Section 193.7042, Florida Statutes, is created
  164  to read:
  165         193.7042Working waterfront property; denial of
  166  classification; appeal process.—
  167         (1)The property appraiser must provide written notice to a
  168  property owner applying for a working waterfront classification
  169  of the denial of an application to classify property as working
  170  waterfront property on or before July 1 of the year for which
  171  the application was filed. The notice must advise the property
  172  owner of his or her right to appeal the denial to the value
  173  adjustment board and of the deadline for filing an appeal.
  174         (2)Any property owner whose application for classification
  175  as working waterfront property is denied may appeal the denial
  176  to the value adjustment board by filing a petition requesting
  177  that the application for classification be approved. The
  178  petition may be filed at any time during the taxable year on or
  179  before the 25th day after the property appraiser mails the
  180  assessment notice pursuant to s. 194.011(1). Notwithstanding s.
  181  194.013, the petitioner must pay a nonrefundable fee of $15 upon
  182  filing the petition. The value adjustment board shall grant the
  183  petition if the petitioner establishes that the property is
  184  qualified to be classified as working waterfront property.
  185         (3)A denial of a petition for classification by the value
  186  adjustment board may be appealed to the circuit court.
  187         (4)(a)Property that receives a working waterfront
  188  classification from the value adjustment board or the circuit
  189  court under this section retains that classification in any
  190  subsequent year until the use of the property as working
  191  waterfront property is abandoned or discontinued or the
  192  ownership changes in any manner. The property appraiser shall,
  193  no later than January 31 of each year, notify a property owner
  194  receiving a classification under this subsection to certify that
  195  the ownership and the use of the property has not changed. The
  196  department shall prescribe by rule adopted pursuant to ss.
  197  120.536(1) and 120.54 the form of the notice to be used by the
  198  property appraiser.
  199         (b)If a county has waived the requirement that an annual
  200  application or short form be filed for classification of the
  201  property under s. 193.7041, the county may, by majority vote of
  202  its governing body, waive the notice and certification
  203  requirements of this subsection and shall provide the property
  204  owner with the same notification as provided to property owners
  205  granted a working waterfront classification by the property
  206  appraiser. The waiver may be revoked by a majority vote of the
  207  county governing body.
  208         Section 4. Paragraph (j) of subsection (3) of section
  209  259.105, Florida Statutes, is amended to read:
  210         259.105 The Florida Forever Act.—
  211         (3) Less the costs of issuing and the costs of funding
  212  reserve accounts and other costs associated with bonds, the
  213  proceeds of cash payments or bonds issued pursuant to this
  214  section shall be deposited into the Florida Forever Trust Fund
  215  created by s. 259.1051. The proceeds shall be distributed by the
  216  Department of Environmental Protection in the following manner:
  217         (j) Two and five-tenths percent to the Department of
  218  Community Affairs for the acquisition of land and capital
  219  project expenditures necessary to implement the Stan Mayfield
  220  Commercial Waterfront Restoration and Preservation Working
  221  Waterfronts Program within the Florida Communities Trust
  222  pursuant to s. 380.5105.
  223         Section 5. Paragraph (a) of subsection (3) of section
  224  380.502, Florida Statutes, is amended to read:
  225         380.502 Legislative findings and intent.—
  226         (3) It is the intent of the Legislature to establish a
  227  nonregulatory agency that will assist local governments in
  228  bringing local comprehensive plans into compliance and
  229  implementing the goals, objectives, and policies of the
  230  conservation, recreation and open space, and coastal elements of
  231  local comprehensive plans, or in conserving natural resources
  232  and resolving land use conflicts by:
  233         (a) Responding promptly and creatively to opportunities to
  234  correct undesirable development patterns, restore degraded
  235  natural areas, enhance resource values, restore deteriorated or
  236  deteriorating urban waterfronts, restore and preserve commercial
  237  waterfront property working waterfronts, reserve lands for later
  238  purchase, participate in and promote the use of innovative land
  239  acquisition methods, and provide public access to surface
  240  waters.
  241         Section 6. Subsection (18) of section 380.503, Florida
  242  Statutes, is amended to read:
  243         380.503 Definitions.—As used in ss. 380.501-380.515, unless
  244  the context indicates a different meaning or intent:
  245         (18) “Working waterfront” means:
  246         (a) A parcel or parcels of land directly used for the
  247  purposes of the commercial harvest of marine organisms or
  248  saltwater products by state-licensed commercial fishermen,
  249  aquaculturists, or business entities, including piers, wharves,
  250  docks, or other facilities operated to provide waterfront access
  251  to licensed commercial fishermen, aquaculturists, or business
  252  entities; or
  253         (b) A parcel or parcels of land used for exhibitions,
  254  demonstrations, educational venues, civic events, and other
  255  purposes that promote and educate the public about economic,
  256  cultural, and historic heritage of Florida’s traditional working
  257  waterfronts, including the marketing of the seafood and
  258  aquaculture industries.
  259         Section 7. Subsections (2), (6), (7), and (11) of section
  260  380.507, Florida Statutes, are amended to read:
  261         380.507 Powers of the trust.—The trust shall have all the
  262  powers necessary or convenient to carry out the purposes and
  263  provisions of this part, including:
  264         (2) To undertake, coordinate, or fund activities and
  265  projects which will help bring local comprehensive plans into
  266  compliance and help implement the goals, objectives, and
  267  policies of the conservation, recreation and open space, and
  268  coastal elements of local comprehensive plans, or which will
  269  otherwise serve to conserve natural resources and resolve land
  270  use conflicts, including, but not limited to:
  271         (a) Redevelopment projects.
  272         (b) Resource enhancement projects.
  273         (c) Public access projects.
  274         (d) Urban waterfront restoration projects.
  275         (e) Site reservation.
  276         (f) Urban greenways and open space projects.
  277         (g) Commercial waterfront restoration and preservation
  278  projects under s. 380.5105 Working waterfronts.
  279         (6) Except as provided in s. 380.5105, to award grants and
  280  make loans to local governments and nonprofit organizations for
  281  the purposes listed in subsection (2) and for acquiring fee
  282  title and less than fee title, such as conservation easements or
  283  other interests in land, for the purposes of this part.
  284         (7) Except as provided in s. 380.5105, to provide by grant
  285  or loan up to the total cost of any project approved according
  286  to this part, including the local share of federally supported
  287  projects. The trust may require local funding participation in
  288  projects. The trust shall determine the funding it will provide
  289  by considering the total amount of funding available for the
  290  project, the fiscal resources of other project participants, the
  291  urgency of the project relative to other eligible projects, and
  292  other factors which the trust shall have prescribed by rule. The
  293  trust may fund up to 100 percent of any local government land
  294  acquisition costs, if part of an approved project.
  295         (11) Except as provided in s. 380.5105, to make rules
  296  necessary to carry out the purposes of this part and to exercise
  297  any power granted in this part, pursuant to the provisions of
  298  chapter 120. The trust shall adopt rules governing the
  299  acquisition of lands using proceeds from the Preservation 2000
  300  Trust Fund and the Florida Forever Trust Fund, consistent with
  301  the intent expressed in the Florida Forever Act. Such rules for
  302  land acquisition must include, but are not limited to,
  303  procedures for appraisals and confidentiality consistent with
  304  ss. 125.355(1)(a) and (b) and 166.045(1)(a) and (b), a method of
  305  determining a maximum purchase price, and procedures to assure
  306  that the land is acquired in a voluntarily negotiated
  307  transaction, surveyed, conveyed with marketable title, and
  308  examined for hazardous materials contamination. Land acquisition
  309  procedures of a local land authority created pursuant to s.
  310  380.0663 or s. 380.0677 may be used for the land acquisition
  311  programs described by ss. 259.101(3)(c) and 259.105 if within
  312  areas of critical state concern designated pursuant to s.
  313  380.05, subject to approval of the trust.
  314         Section 8. Paragraphs (e) and (f) of subsection (4) of
  315  section 380.508, Florida Statutes, are amended to read:
  316         380.508 Projects; development, review, and approval.—
  317         (4) Projects or activities which the trust undertakes,
  318  coordinates, or funds in any manner shall comply with the
  319  following guidelines:
  320         (e)The purpose of working waterfront projects shall be to
  321  restore and preserve working waterfronts as provided in s.
  322  380.5105.
  323         (e)(f) The trust shall cooperate with local governments,
  324  state agencies, federal agencies, and nonprofit organizations in
  325  ensuring the reservation of lands for parks, recreation, fish
  326  and wildlife habitat, historical preservation, or scientific
  327  study. In the event that any local government, state agency,
  328  federal agency, or nonprofit organization is unable, due to
  329  limited financial resources or other circumstances of a
  330  temporary nature, to acquire a site for the purposes described
  331  in this paragraph, the trust may acquire and hold the site for
  332  subsequent conveyance to the appropriate governmental agency or
  333  nonprofit organization. The trust may provide such technical
  334  assistance as is required to aid local governments, state and
  335  federal agencies, and nonprofit organizations in completing
  336  acquisition and related functions. The trust shall not reserve
  337  lands acquired in accordance with this paragraph for more than 5
  338  years from the time of acquisition. A local government, federal
  339  or state agency, or nonprofit organization may acquire the land
  340  at any time during this period for public purposes. The purchase
  341  price shall be based upon the trust’s cost of acquisition, plus
  342  administrative and management costs in reserving the land. The
  343  payment of this purchase price shall be by money, trust-approved
  344  property of an equivalent value, or a combination of money and
  345  trust-approved property. If, after the 5-year period, the trust
  346  has not sold to a governmental agency or nonprofit organization
  347  land acquired for site reservation, the trust shall dispose of
  348  such land at fair market value or shall trade it for other land
  349  of comparable value which will serve to accomplish the purposes
  350  of this part. Any proceeds from the sale of such land shall be
  351  deposited in the Florida Communities Trust Fund.
  352  
  353  Project costs may include costs of providing parks, open space,
  354  public access sites, scenic easements, and other areas and
  355  facilities serving the public where such features are part of a
  356  project plan approved according to this part. In undertaking or
  357  coordinating projects or activities authorized by this part, the
  358  trust shall, when appropriate, use and promote the use of
  359  creative land acquisition methods, including the acquisition of
  360  less than fee interest through, among other methods,
  361  conservation easements, transfer of development rights, leases,
  362  and leaseback arrangements. The trust also shall assist local
  363  governments in the use of sound alternative methods of financing
  364  for funding projects and activities authorized by this part. Any
  365  funds over and above eligible project costs, which remain after
  366  completion of a project approved according to this part, shall
  367  be transmitted to the state and deposited in the Florida
  368  Communities Trust Fund.
  369         Section 9. Section 380.5105, Florida Statutes, is amended
  370  to read:
  371         380.5105 The Stan Mayfield Commercial Waterfront
  372  Restoration and Preservation Program Working Waterfronts;
  373  Florida Forever program.—
  374         (1)As used in this section, the term “commercial
  375  waterfront” means real or improved property that provides direct
  376  access for water-dependent commercial activities. The term does
  377  not include seaports or any property classified as working
  378  waterfront property under s. 193.7041. Water-dependent
  379  commercial activities include, but are not limited to, public
  380  lodging or eating establishments; aquaculturists; and docks,
  381  wharves, piers, wet or dry marinas, boat ramps, boat hauling
  382  facilities, and boat repair facilities that are not eligible for
  383  classification as working waterfront property under s. 193.7041
  384  and s. 4(j), Art. VII of the State Constitution.
  385         (2)(1) Notwithstanding any other provision of this chapter,
  386  it is the intent of the Legislature that the Florida Communities
  387  Trust shall administer the commercial waterfront restoration and
  388  preservation working waterfronts program as set forth in this
  389  section. Effective July 1, 2009, participation in this program
  390  is limited to counties and municipalities that acquire, in fee
  391  simple or less-than-fee simple, commercial waterfront property
  392  for restoration or preservation purposes and limit the use of
  393  the property in perpetuity to the water-dependent commercial
  394  activities authorized under this section.
  395         (3)(2) The Florida Communities Trust and the Department of
  396  Agriculture and Consumer Services shall jointly develop and
  397  adopt rules specifically establishing the procedures to be
  398  followed for acquisitions under this section which use Florida
  399  Forever funds provided to the trust under s. 259.105 and rules
  400  to develop an application process and a process to evaluate,
  401  score, and rank commercial waterfront restoration and
  402  preservation for the evaluation, scoring and ranking of working
  403  waterfront acquisition projects. The proposed rules jointly
  404  developed pursuant to this subsection shall be promulgated by
  405  the trust. Such rules shall establish a system of weighted
  406  criteria to give increased priority to projects:
  407         (a) Within a municipality with a population less than
  408  30,000;
  409         (b) Within a municipality or area under intense growth and
  410  development pressures, as evidenced by a number of factors,
  411  including a determination that the municipality’s growth rate
  412  exceeds the average growth rate for the state;
  413         (c) Within the boundary of a community redevelopment agency
  414  established pursuant to s. 163.356;
  415         (d) Adjacent to state-owned submerged lands designated as
  416  an aquatic preserve identified in s. 258.39; or
  417         (e) That provide a demonstrable benefit to the local
  418  economy.
  419         (4)(3) For projects that will require more than the grant
  420  amount awarded for completion, the county or municipality
  421  applicant must identify in the their project application funding
  422  sources that will provide the difference between the grant award
  423  and the estimated project completion cost. Such rules may be
  424  incorporated into those developed pursuant to s. 380.507(11).
  425         (5)(4) The trust shall develop a ranking list based on
  426  criteria identified in subsection (2) for proposed fee simple
  427  and less-than-fee simple acquisition projects proposed for
  428  acquisition under developed pursuant to this section. The trust
  429  shall, by the first meeting of the Board of Trustees of the
  430  Internal Improvement Trust Fund meeting in February of each
  431  year, present the ranking list pursuant to this section to the
  432  board of trustees for final approval of projects for funding.
  433  The board of trustees may remove projects from the ranking list
  434  but may not add projects.
  435         (6)(5) Grant awards, acquisition approvals, and terms of
  436  fee simple and less-than-fee acquisitions shall be approved by
  437  the trust. Counties and municipalities Waterfront communities
  438  that receive grant awards must submit annual progress reports to
  439  the trust identifying completed project activities which are
  440  complete, and the progress achieved in meeting the goals
  441  outlined in the project application. The trust must implement a
  442  process to monitor and evaluate the performance of grant
  443  recipients in completing projects that are funded through the
  444  commercial waterfront restoration and preservation working
  445  waterfronts program.
  446         Section 10. This act shall take effect July 1, 2009.
  447  
  448  ================= T I T L E  A M E N D M E N T ================
  449         And the title is amended as follows:
  450         Delete everything before the enacting clause
  451  and insert:
  452                        A bill to be entitled                      
  453         An act relating to working waterfront property;
  454         creating s. 193.704, F.S.; providing definitions;
  455         creating s. 193.7041, F.S.; identifying property that
  456         is eligible for classification as working waterfront
  457         property; requiring the assessment of working
  458         waterfront property based on current use; requiring an
  459         application for classification of property as working
  460         waterfront property; authorizing a property appraiser
  461         to approve an application that is not filed by a
  462         certain deadline due to extenuating circumstances;
  463         providing for the waiver of annual application
  464         requirements; providing for the loss of classification
  465         upon a change of ownership or use; requiring that
  466         property owners notify the property appraiser of
  467         changes in use or ownership of property; imposing a
  468         penalty on a property owner who fails to notify the
  469         property appraiser of an event resulting in the
  470         unlawful or improper classification of property as
  471         working waterfront property; requiring the imposition
  472         of tax liens to recover penalties and interest;
  473         providing for the assessment of a portion of property
  474         within a working waterfront property which is not used
  475         as working waterfront property; requiring that a
  476         property appraiser make a list relating to
  477         applications to certify property as working waterfront
  478         property; creating s. 193.7042, F.S.; requiring that
  479         property appraisers notify property owners of the
  480         denial of an application to classify property as
  481         working waterfront property; providing for the appeal
  482         of such denial to the value adjustment board;
  483         requiring a filing fee of a certain amount; providing
  484         for the appeal of a denial of a petition to the value
  485         adjustment board to the circuit court; requiring that
  486         property appraisers notify property owners whose
  487         property was classified as working waterfront property
  488         by a value adjustment board or court to recertify that
  489         the use and ownership of the property have not
  490         changed; authorizing the waiver of certain notice and
  491         certification requirements; amending s. 259.105, F.S.;
  492         renaming the “Stan Mayfield Working Waterfronts
  493         Program” within the Florida Communities Trust as the
  494         “Stan Mayfield Commercial Waterfronts Restoration and
  495         Preservation Program”; amending s. 380.502, F.S.;
  496         conforming provisions to changes made by the act;
  497         amending s. 380.503, F.S.; deleting a definition for
  498         the term “working waterfronts” for purposes of the
  499         Florida Communities Trust Act; amending s. 380.507,
  500         F.S.; providing a cross-reference; clarifying
  501         provisions relating to the authority of the Florida
  502         Communities Trust to provide grants or loans for
  503         certain projects; clarifying the trust’s rulemaking
  504         authority; deleting obsolete provisions; amending s.
  505         380.508, F.S.; deleting provisions relating to the
  506         purpose of working waterfront projects; amending s.
  507         380.5105, F.S.; conforming provisions to changes made
  508         by the act; providing a definition for the term
  509         “commercial waterfront”; providing that certain
  510         property does not qualify as commercial waterfront
  511         property; providing for water-dependent commercial
  512         activities; limiting participation in the program to
  513         counties and municipalities effective on a specified
  514         date; limiting the uses of acquired property in
  515         perpetuity; requiring that the Florida Communities
  516         Trust adopt rules establishing procedures and an
  517         application process; providing an effective date.