Florida Senate - 2009                        COMMITTEE AMENDMENT
       Bill No. CS for SB 788
       
       
       
       
       
       
                                Barcode 804590                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                   Comm: WD            .                                
                  04/07/2009           .                                
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       The Policy and Steering Committee on Ways and Means
       (Haridopolos) recommended the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 456 - 457
    4  and insert:
    5         Section 8. Subsection (3) of section 1013.737, Florida
    6  Statutes, is amended to read:
    7         1013.737 The Class Size Reduction Lottery Revenue Bond
    8  Program.—There is established the Class Size Reduction Lottery
    9  Revenue Bond Program.
   10         (3) The state hereby covenants with the holders of such
   11  revenue bonds that it will not take any action that will
   12  materially and adversely affect the rights of such holders so
   13  long as bonds authorized by this section are outstanding. The
   14  state does hereby additionally authorize the establishment of a
   15  covenant in connection with the bonds which provides that any
   16  additional funds received by the state from new or enhanced
   17  lottery programs;, video gaming; banking card games including
   18  baccarat, chemin de fer, or blackjack; electronic or
   19  electromechanical facsimiles of any game of chance; casino
   20  games; slot machines;, or other similar activities will first be
   21  available for payments relating to bonds pledging revenues
   22  available pursuant to s. 24.121(2), prior to use for any other
   23  purpose.
   24  
   25  ================= T I T L E  A M E N D M E N T ================
   26         And the title is amended as follows:
   27         Delete line 53
   28  and insert:
   29  lands; amending s. 1013.737, F.S.; authorizing the state to
   30  pledge to use revenues from gaming activities to repay bonds;
   31  providing a contingent effective date.