Florida Senate - 2009                             CS for SB 1468
       
       
       
       By the Committee on Community Affairs; and Senators Dean,
       Bennett, and Storms
       
       
       
       578-02903-09                                          20091468c1
    1                        A bill to be entitled                      
    2         An act relating to working waterfront property;
    3         creating s. 193.704, F.S.; providing definitions;
    4         creating s. 193.7041, F.S.; identifying property that
    5         is eligible for classification as working waterfront
    6         property; requiring the assessment of working
    7         waterfront property based on current use; requiring an
    8         application for classification of property as working
    9         waterfront property; authorizing a property appraiser
   10         to approve an application that is not filed by a
   11         certain deadline due to extenuating circumstances;
   12         providing for the waiver of annual application
   13         requirements; providing for the loss of classification
   14         upon a change of ownership or use; requiring that
   15         property owners notify the property appraiser of
   16         changes in use or ownership of property; imposing a
   17         penalty on a property owner who fails to notify the
   18         property appraiser of an event resulting in the
   19         unlawful or improper classification of property as
   20         working waterfront property; requiring the imposition
   21         of tax liens to recover penalties and interest;
   22         providing for the assessment of a portion of property
   23         within a working waterfront property which is not used
   24         as working waterfront property; requiring that a
   25         property appraiser make a list relating to
   26         applications to certify property as working waterfront
   27         property; creating s. 193.7042, F.S.; requiring that
   28         property appraisers notify property owners of the
   29         denial of an application to classify property as
   30         working waterfront property; providing for the appeal
   31         of such denial to the value adjustment board;
   32         requiring a filing fee of a certain amount; providing
   33         for the appeal of a denial of a petition to the value
   34         adjustment board to the circuit court; requiring that
   35         property appraisers notify property owners whose
   36         property was classified as working waterfront property
   37         by a value adjustment board or court to recertify that
   38         the use and ownership of the property have not
   39         changed; authorizing the waiver of certain notice and
   40         certification requirements; amending s. 259.105, F.S.;
   41         renaming the “Stan Mayfield Working Waterfronts
   42         Program” within the Florida Communities Trust as the
   43         “Stan Mayfield Commercial Waterfronts Restoration and
   44         Preservation Program”; amending s. 380.502, F.S.;
   45         conforming provisions to changes made by the act;
   46         amending s. 380.503, F.S.; deleting a definition for
   47         the term “working waterfronts” for purposes of the
   48         Florida Communities Trust Act; amending s. 380.507,
   49         F.S.; providing a cross-reference; clarifying
   50         provisions relating to the authority of the Florida
   51         Communities Trust to provide grants or loans for
   52         certain projects; clarifying the trust’s rulemaking
   53         authority; deleting obsolete provisions; amending s.
   54         380.508, F.S.; deleting provisions relating to the
   55         purpose of working waterfront projects; amending s.
   56         380.5105, F.S.; conforming provisions to changes made
   57         by the act; providing a definition for the term
   58         “commercial waterfront”; providing that certain
   59         property does not qualify as commercial waterfront
   60         property; providing for water-dependent commercial
   61         activities; limiting participation in the program to
   62         counties and municipalities effective on a specified
   63         date; limiting the uses of acquired property in
   64         perpetuity; requiring that the Florida Communities
   65         Trust adopt rules establishing procedures and an
   66         application process; providing an effective date.
   67  
   68  Be It Enacted by the Legislature of the State of Florida:
   69  
   70         Section 1. Section 193.704, Florida Statutes, is created to
   71  read:
   72         193.704Working waterfront property; definitions.—As used
   73  in ss. 193.704-193.7042, the term:
   74         (1)“Accessible to the public” means routinely available to
   75  the public, with or without charge, from sunrise to sunset and
   76  having appropriate public accommodations, such as public parking
   77  or public boat ramps.
   78         (2)“Commercial fishing operation” has the same meaning as
   79  in s. 379.2351.
   80         (3)“Drystack” means a vessel-storage facility or building
   81  in which the storage spaces for vessels are available for use by
   82  the public on a first-come, first-served lease basis without
   83  automatic renewal rights or conditions. The term does not
   84  include drystacks in which boat storage is limited to persons
   85  who purchase, receive, or rent a storage space as a condition of
   86  homeownership or tenancy.
   87         (4)“Land used predominantly for commercial fishing
   88  purposes” means land used in good faith in a for-profit
   89  commercial fishing operation for the taking or harvesting of
   90  freshwater fish or saltwater products, as defined in s. 379.101,
   91  for which a commercial license to take, harvest, or sell such
   92  freshwater fish or saltwater products as required under chapter
   93  379.
   94         (5)“Marina” means a commercial facility licensed to do
   95  business in Florida which provides secured public moorings or
   96  drystacks for boats on a first-come, first-served leased basis
   97  and without automatic renewal rights or conditions. The term
   98  does not include marinas that limit mooring or storage of
   99  vessels to persons who purchase, receive, or rent a mooring slip
  100  or storage space as a condition of homeownership or tenancy.
  101         (6)“Marine manufacturing facility” means a facility that
  102  manufactures vessels for use in waters that are navigable.
  103         (7)“Marine vessel construction and repair facilities”
  104  means facilities such as shipyards or dockyards that construct
  105  and repair vessels that travel over waters that are navigable.
  106  As used in this section, the term “repair” includes retrofitting
  107  and maintenance.
  108         (8)“Open to the public” means for hire to the public and
  109  accessible during normal operating hours.
  110         (9)“Support activities” means those facilities that are
  111  typically colocated with marine vessel construction and repair
  112  facilities, such as shop, equipment, or salvage facilities.
  113         (10)“Water-dependent” means that the operations of a
  114  facility require direct access to the water.
  115         (11)“Waterfront” means property that is on, over, or
  116  abutting waters that are navigable.
  117         (12)“Waters that are navigable” means the waters of the
  118  state which are capable of supporting boating and are used or
  119  may be used in their ordinary condition as highways for commerce
  120  for which trade or travel are or may be conducted in the
  121  customary modes of trade or travel on water.
  122         Section 2. Section 193.7041, Florida Statutes, is created
  123  to read:
  124         193.7041Working waterfront property; classification and
  125  assessment; loss of classification; penalty.—
  126         (1)Pursuant to s. 4(j), Art. VII of the State
  127  Constitution, effective January 1, 2010, the following
  128  waterfront property is eligible for classification as working
  129  waterfront property:
  130         (a)Land used predominantly for commercial fishing
  131  purposes.
  132         (b)Land that is accessible to the public and used for
  133  vessel launches into waters that are navigable.
  134         (c)Marinas and drystacks that are open to the public.
  135         (d)Water-dependent marine manufacturing facilities.
  136         (e)Water-dependent commercial fishing facilities.
  137         (f)Water-dependent marine vessel construction and repair
  138  facilities and their support activities.
  139         (2)Property classified as working waterfront property
  140  pursuant to this section must be assessed on the basis of
  141  current use. Assessed value must be calculated using the income
  142  approach to value as described in The Appraisal of Real Estate,
  143  Thirteenth Edition, as subsequently revised and published by the
  144  Appraisal Institute, and in effect on January 1 of the
  145  assessment year. The capitalization rate used to determine
  146  assessed value must be based upon a debt coverage ratio formula
  147  in which the overall capitalization rate equals the debt
  148  coverage ratio multiplied by the mortgage capitalization rate
  149  multiplied by the loan-to-value ratio for comparable properties.
  150  The overall capitalization rate must be calculated and updated
  151  annually. In assessing working waterfront property, a property
  152  appraiser shall use data from lenders for industrywide loan
  153  interest rates, loan-to-value ratios, amortization terms,
  154  payment periods, debt coverage ratio requirements, market rental
  155  rates, market expense rates, and market vacancy rates. The data
  156  must be county-specific unless insufficient data is available,
  157  in which case the property appraiser shall use data for
  158  surrounding counties.
  159         (3)(a)Property may not be classified as working waterfront
  160  property unless an application for the classification is filed
  161  with the property appraiser on or before March 1 of each year in
  162  the county in which the property is located. Before classifying
  163  the property as working waterfront property, the property
  164  appraiser may require the property owner to establish that the
  165  property is used as required under this section. The owner of
  166  property classified as working waterfront property in the prior
  167  year may reapply on a short form adopted by rule by the
  168  Department of Revenue.
  169         (b)Failure of a property owner to apply for the
  170  classification as working waterfront property by March 1
  171  constitutes a waiver of the classification for 1 year. However,
  172  the property appraiser may approve a late application and grant
  173  a working waterfront classification if the property owner
  174  establishes that extenuating circumstances prevented the
  175  property owner from filing an application by the deadline.
  176         (c)A county may, at the request of the property appraiser
  177  and by a majority vote of its governing body, waive the
  178  requirement that an annual application or short form be filed
  179  with the property appraiser for renewal of the classification of
  180  property as working waterfront property. The waiver may be
  181  revoked by a majority vote of the governing body of the county.
  182         (d)Notwithstanding paragraph (c), a new application for
  183  classification as working waterfront property must be filed with
  184  the property appraiser after the property receiving the
  185  classification is sold or otherwise disposed of or the ownership
  186  changes in any manner.
  187         (e)The property appraiser shall remove from the
  188  classification as working waterfront property any property for
  189  which the classified use has been abandoned or discontinued. The
  190  removed property shall be assessed at just value pursuant to s.
  191  193.011.
  192         (f)1.The owner of classified working waterfront property,
  193  who is not required to file an annual application under this
  194  section, must notify the property appraiser promptly if the use
  195  of the property or the ownership changes in a manner that
  196  changes the classified status of the property. If a property
  197  owner fails to notify the property appraiser and the property
  198  appraiser determines that, for any year within the prior 10
  199  years, the property was not qualified to receive the
  200  classification, the owner of the property is subject to taxes
  201  otherwise due and owing as a result of the failure plus 15
  202  percent interest per annum and a penalty of 50 percent of the
  203  additional taxes owed.
  204         2.A property appraiser who determines that a property
  205  owner failed to provide the required notice of change in use or
  206  ownership must record a tax lien against real property owned by
  207  the person or entity. The property is subject to the payment of
  208  all taxes and penalties. If the person or entity no longer owns
  209  property in the county in which the unlawfully or improperly
  210  classified working waterfront property is located, the property
  211  appraiser shall record a tax lien against other properties owned
  212  by the person or entity in other counties of the state. Any tax
  213  lien recorded pursuant to this paragraph must identify the
  214  property that was unlawfully or improperly classified as working
  215  waterfront property and the property to which the lien applies.
  216         (g)For property in which a portion receives a working
  217  waterfront classification, the portion not eligible for
  218  classification as a working waterfront property must be assessed
  219  pursuant to s. 193.011.
  220         (h)The property appraiser must make a list of all
  221  applications for classification as working waterfront property.
  222  The list must include the acreage, the just value of the
  223  property determined pursuant to s. 193.011, the value of the
  224  property if classification as working waterfront property is
  225  granted or the reason if classification is denied, the name of
  226  the property owner, the name of any business operating on the
  227  property, and the address of the property.
  228         Section 3. Section 193.7042, Florida Statutes, is created
  229  to read:
  230         193.7042Working waterfront property; denial of
  231  classification; appeal process.—
  232         (1)The property appraiser must provide written notice to a
  233  property owner applying for a working waterfront classification
  234  of the denial of an application to classify property as working
  235  waterfront property on or before July 1 of the year for which
  236  the application was filed. The notice must advise the property
  237  owner of his or her right to appeal the denial to the value
  238  adjustment board and of the deadline for filing an appeal.
  239         (2)Any property owner whose application for classification
  240  as working waterfront property is denied may appeal the denial
  241  to the value adjustment board by filing a petition requesting
  242  that the application for classification be approved. The
  243  petition may be filed at any time during the taxable year on or
  244  before the 25th day after the property appraiser mails the
  245  assessment notice pursuant to s. 194.011(1). Notwithstanding s.
  246  194.013, the petitioner must pay a nonrefundable fee of $15 upon
  247  filing the petition. The value adjustment board shall grant the
  248  petition if the petitioner establishes that the property is
  249  qualified to be classified as working waterfront property.
  250         (3)A denial of a petition for classification by the value
  251  adjustment board may be appealed to the circuit court.
  252         (4)(a)Property that receives a working waterfront
  253  classification from the value adjustment board or the circuit
  254  court under this section retains that classification in any
  255  subsequent year until the use of the property as working
  256  waterfront property is abandoned or discontinued or the
  257  ownership changes in any manner. The property appraiser shall,
  258  no later than January 31 of each year, notify a property owner
  259  receiving a classification under this subsection to certify that
  260  the ownership and the use of the property has not changed. The
  261  department shall prescribe by rule adopted pursuant to ss.
  262  120.536(1) and 120.54 the form of the notice to be used by the
  263  property appraiser.
  264         (b)If a county has waived the requirement that an annual
  265  application or short form be filed for classification of the
  266  property under s. 193.7041, the county may, by majority vote of
  267  its governing body, waive the notice and certification
  268  requirements of this subsection and shall provide the property
  269  owner with the same notification as provided to property owners
  270  granted a working waterfront classification by the property
  271  appraiser. The waiver may be revoked by a majority vote of the
  272  county governing body.
  273         Section 4. Paragraph (j) of subsection (3) of section
  274  259.105, Florida Statutes, is amended to read:
  275         259.105 The Florida Forever Act.—
  276         (3) Less the costs of issuing and the costs of funding
  277  reserve accounts and other costs associated with bonds, the
  278  proceeds of cash payments or bonds issued pursuant to this
  279  section shall be deposited into the Florida Forever Trust Fund
  280  created by s. 259.1051. The proceeds shall be distributed by the
  281  Department of Environmental Protection in the following manner:
  282         (j) Two and five-tenths percent to the Department of
  283  Community Affairs for the acquisition of land and capital
  284  project expenditures necessary to implement the Stan Mayfield
  285  Commercial Waterfront Restoration and Preservation Working
  286  Waterfronts Program within the Florida Communities Trust
  287  pursuant to s. 380.5105.
  288         Section 5. Paragraph (a) of subsection (3) of section
  289  380.502, Florida Statutes, is amended to read:
  290         380.502 Legislative findings and intent.—
  291         (3) It is the intent of the Legislature to establish a
  292  nonregulatory agency that will assist local governments in
  293  bringing local comprehensive plans into compliance and
  294  implementing the goals, objectives, and policies of the
  295  conservation, recreation and open space, and coastal elements of
  296  local comprehensive plans, or in conserving natural resources
  297  and resolving land use conflicts by:
  298         (a) Responding promptly and creatively to opportunities to
  299  correct undesirable development patterns, restore degraded
  300  natural areas, enhance resource values, restore deteriorated or
  301  deteriorating urban waterfronts, restore and preserve commercial
  302  waterfront property working waterfronts, reserve lands for later
  303  purchase, participate in and promote the use of innovative land
  304  acquisition methods, and provide public access to surface
  305  waters.
  306         Section 6. Subsection (18) of section 380.503, Florida
  307  Statutes, is amended to read:
  308         380.503 Definitions.—As used in ss. 380.501-380.515, unless
  309  the context indicates a different meaning or intent:
  310         (18) “Working waterfront” means:
  311         (a) A parcel or parcels of land directly used for the
  312  purposes of the commercial harvest of marine organisms or
  313  saltwater products by state-licensed commercial fishermen,
  314  aquaculturists, or business entities, including piers, wharves,
  315  docks, or other facilities operated to provide waterfront access
  316  to licensed commercial fishermen, aquaculturists, or business
  317  entities; or
  318         (b) A parcel or parcels of land used for exhibitions,
  319  demonstrations, educational venues, civic events, and other
  320  purposes that promote and educate the public about economic,
  321  cultural, and historic heritage of Florida’s traditional working
  322  waterfronts, including the marketing of the seafood and
  323  aquaculture industries.
  324         Section 7. Subsections (2), (6), (7), and (11) of section
  325  380.507, Florida Statutes, are amended to read:
  326         380.507 Powers of the trust.—The trust shall have all the
  327  powers necessary or convenient to carry out the purposes and
  328  provisions of this part, including:
  329         (2) To undertake, coordinate, or fund activities and
  330  projects which will help bring local comprehensive plans into
  331  compliance and help implement the goals, objectives, and
  332  policies of the conservation, recreation and open space, and
  333  coastal elements of local comprehensive plans, or which will
  334  otherwise serve to conserve natural resources and resolve land
  335  use conflicts, including, but not limited to:
  336         (a) Redevelopment projects.
  337         (b) Resource enhancement projects.
  338         (c) Public access projects.
  339         (d) Urban waterfront restoration projects.
  340         (e) Site reservation.
  341         (f) Urban greenways and open space projects.
  342         (g) Commercial waterfront restoration and preservation
  343  projects under s. 380.5105 Working waterfronts.
  344         (6) Except as provided in s. 380.5105, to award grants and
  345  make loans to local governments and nonprofit organizations for
  346  the purposes listed in subsection (2) and for acquiring fee
  347  title and less than fee title, such as conservation easements or
  348  other interests in land, for the purposes of this part.
  349         (7) Except as provided in s. 380.5105, to provide by grant
  350  or loan up to the total cost of any project approved according
  351  to this part, including the local share of federally supported
  352  projects. The trust may require local funding participation in
  353  projects. The trust shall determine the funding it will provide
  354  by considering the total amount of funding available for the
  355  project, the fiscal resources of other project participants, the
  356  urgency of the project relative to other eligible projects, and
  357  other factors which the trust shall have prescribed by rule. The
  358  trust may fund up to 100 percent of any local government land
  359  acquisition costs, if part of an approved project.
  360         (11) Except as provided in s. 380.5105, to make rules
  361  necessary to carry out the purposes of this part and to exercise
  362  any power granted in this part, pursuant to the provisions of
  363  chapter 120. The trust shall adopt rules governing the
  364  acquisition of lands using proceeds from the Preservation 2000
  365  Trust Fund and the Florida Forever Trust Fund, consistent with
  366  the intent expressed in the Florida Forever Act. Such rules for
  367  land acquisition must include, but are not limited to,
  368  procedures for appraisals and confidentiality consistent with
  369  ss. 125.355(1)(a) and (b) and 166.045(1)(a) and (b), a method of
  370  determining a maximum purchase price, and procedures to assure
  371  that the land is acquired in a voluntarily negotiated
  372  transaction, surveyed, conveyed with marketable title, and
  373  examined for hazardous materials contamination. Land acquisition
  374  procedures of a local land authority created pursuant to s.
  375  380.0663 or s. 380.0677 may be used for the land acquisition
  376  programs described by ss. 259.101(3)(c) and 259.105 if within
  377  areas of critical state concern designated pursuant to s.
  378  380.05, subject to approval of the trust.
  379         Section 8. Paragraphs (e) and (f) of subsection (4) of
  380  section 380.508, Florida Statutes, are amended to read:
  381         380.508 Projects; development, review, and approval.—
  382         (4) Projects or activities which the trust undertakes,
  383  coordinates, or funds in any manner shall comply with the
  384  following guidelines:
  385         (e)The purpose of working waterfront projects shall be to
  386  restore and preserve working waterfronts as provided in s.
  387  380.5105.
  388         (e)(f) The trust shall cooperate with local governments,
  389  state agencies, federal agencies, and nonprofit organizations in
  390  ensuring the reservation of lands for parks, recreation, fish
  391  and wildlife habitat, historical preservation, or scientific
  392  study. In the event that any local government, state agency,
  393  federal agency, or nonprofit organization is unable, due to
  394  limited financial resources or other circumstances of a
  395  temporary nature, to acquire a site for the purposes described
  396  in this paragraph, the trust may acquire and hold the site for
  397  subsequent conveyance to the appropriate governmental agency or
  398  nonprofit organization. The trust may provide such technical
  399  assistance as is required to aid local governments, state and
  400  federal agencies, and nonprofit organizations in completing
  401  acquisition and related functions. The trust shall not reserve
  402  lands acquired in accordance with this paragraph for more than 5
  403  years from the time of acquisition. A local government, federal
  404  or state agency, or nonprofit organization may acquire the land
  405  at any time during this period for public purposes. The purchase
  406  price shall be based upon the trust’s cost of acquisition, plus
  407  administrative and management costs in reserving the land. The
  408  payment of this purchase price shall be by money, trust-approved
  409  property of an equivalent value, or a combination of money and
  410  trust-approved property. If, after the 5-year period, the trust
  411  has not sold to a governmental agency or nonprofit organization
  412  land acquired for site reservation, the trust shall dispose of
  413  such land at fair market value or shall trade it for other land
  414  of comparable value which will serve to accomplish the purposes
  415  of this part. Any proceeds from the sale of such land shall be
  416  deposited in the Florida Communities Trust Fund.
  417  
  418  Project costs may include costs of providing parks, open space,
  419  public access sites, scenic easements, and other areas and
  420  facilities serving the public where such features are part of a
  421  project plan approved according to this part. In undertaking or
  422  coordinating projects or activities authorized by this part, the
  423  trust shall, when appropriate, use and promote the use of
  424  creative land acquisition methods, including the acquisition of
  425  less than fee interest through, among other methods,
  426  conservation easements, transfer of development rights, leases,
  427  and leaseback arrangements. The trust also shall assist local
  428  governments in the use of sound alternative methods of financing
  429  for funding projects and activities authorized by this part. Any
  430  funds over and above eligible project costs, which remain after
  431  completion of a project approved according to this part, shall
  432  be transmitted to the state and deposited in the Florida
  433  Communities Trust Fund.
  434         Section 9. Section 380.5105, Florida Statutes, is amended
  435  to read:
  436         380.5105 The Stan Mayfield Commercial Waterfront
  437  Restoration and Preservation Program Working Waterfronts;
  438  Florida Forever program.—
  439         (1)As used in this section, the term “commercial
  440  waterfront” means real or improved property that provides direct
  441  access for water-dependent commercial activities. The term does
  442  not include seaports or any property classified as working
  443  waterfront property under s. 193.7041. Water-dependent
  444  commercial activities include, but are not limited to, public
  445  lodging or eating establishments; aquaculturists; and docks,
  446  wharves, piers, wet or dry marinas, boat ramps, boat hauling
  447  facilities, and boat repair facilities that are not eligible for
  448  classification as working waterfront property under s. 193.7041
  449  and s. 4(j), Art. VII of the State Constitution.
  450         (2)(1) Notwithstanding any other provision of this chapter,
  451  it is the intent of the Legislature that the Florida Communities
  452  Trust shall administer the commercial waterfront restoration and
  453  preservation working waterfronts program as set forth in this
  454  section. Effective July 1, 2009, participation in this program
  455  is limited to counties and municipalities that acquire, in fee
  456  simple or less-than-fee simple, commercial waterfront property
  457  for restoration or preservation purposes and limit the use of
  458  the property in perpetuity to the water-dependent commercial
  459  activities authorized under this section.
  460         (3)(2) The Florida Communities Trust and the Department of
  461  Agriculture and Consumer Services shall jointly develop and
  462  adopt rules specifically establishing the procedures to be
  463  followed for acquisitions under this section which use Florida
  464  Forever funds provided to the trust under s. 259.105 and rules
  465  to develop an application process and a process to evaluate,
  466  score, and rank commercial waterfront restoration and
  467  preservation for the evaluation, scoring and ranking of working
  468  waterfront acquisition projects. The proposed rules jointly
  469  developed pursuant to this subsection shall be promulgated by
  470  the trust. Such rules shall establish a system of weighted
  471  criteria to give increased priority to projects:
  472         (a) Within a municipality with a population less than
  473  30,000;
  474         (b) Within a municipality or area under intense growth and
  475  development pressures, as evidenced by a number of factors,
  476  including a determination that the municipality’s growth rate
  477  exceeds the average growth rate for the state;
  478         (c) Within the boundary of a community redevelopment agency
  479  established pursuant to s. 163.356;
  480         (d) Adjacent to state-owned submerged lands designated as
  481  an aquatic preserve identified in s. 258.39; or
  482         (e) That provide a demonstrable benefit to the local
  483  economy.
  484         (4)(3) For projects that will require more than the grant
  485  amount awarded for completion, the county or municipality
  486  applicant must identify in the their project application funding
  487  sources that will provide the difference between the grant award
  488  and the estimated project completion cost. Such rules may be
  489  incorporated into those developed pursuant to s. 380.507(11).
  490         (5)(4) The trust shall develop a ranking list based on
  491  criteria identified in subsection (2) for proposed fee simple
  492  and less-than-fee simple acquisition projects proposed for
  493  acquisition under developed pursuant to this section. The trust
  494  shall, by the first meeting of the Board of Trustees of the
  495  Internal Improvement Trust Fund meeting in February of each
  496  year, present the ranking list pursuant to this section to the
  497  board of trustees for final approval of projects for funding.
  498  The board of trustees may remove projects from the ranking list
  499  but may not add projects.
  500         (6)(5) Grant awards, acquisition approvals, and terms of
  501  fee simple and less-than-fee acquisitions shall be approved by
  502  the trust. Counties and municipalities Waterfront communities
  503  that receive grant awards must submit annual progress reports to
  504  the trust identifying completed project activities which are
  505  complete, and the progress achieved in meeting the goals
  506  outlined in the project application. The trust must implement a
  507  process to monitor and evaluate the performance of grant
  508  recipients in completing projects that are funded through the
  509  commercial waterfront restoration and preservation working
  510  waterfronts program.
  511         Section 10. This act shall take effect July 1, 2009.