Amendment
Bill No. HB 5115A
Amendment No. 165177
CHAMBER ACTION
Senate House
.
.
.






1The Conference Committee on HB 5115A offered the following:
2
3     Conference Committee Amendment (with title amendment)
4     Remove everything after the enacting clause and insert:
5     Section 1.  Subsection (3) of section 201.15, Florida
6Statutes, is amended to read:
7     201.15  Distribution of taxes collected.--All taxes
8collected under this chapter are subject to the service charge
9imposed in s. 215.20(1). Prior to distribution under this
10section, the Department of Revenue shall deduct amounts
11necessary to pay the costs of the collection and enforcement of
12the tax levied by this chapter. Such costs and the service
13charge may not be levied against any portion of taxes pledged to
14debt service on bonds to the extent that the costs and service
15charge are required to pay any amounts relating to the bonds.
16All taxes remaining after deduction of costs and the service
17charge shall be distributed as follows:
18     (3)(a)  Through the 2008-2009 fiscal year, the lesser of
191.94 percent of the remaining taxes collected under this chapter
20or $26 million in each fiscal year shall be paid into the State
21Treasury to the credit of the Land Acquisition Trust Fund.
22     (b)  Beginning with the 2009-2010 fiscal year, the lesser
23of 1.94 percent of the remaining taxes collected under this
24chapter or $26 million in each fiscal year shall be distributed
25in the following order:
26     1.  Amounts necessary to pay debt service or to fund debt
27service reserve funds, rebate obligations, or other amounts
28payable with respect to bonds issued before February 1, 2009,
29pursuant to this subsection shall be paid into the State
30Treasury to the credit of the Land Acquisition Trust Fund.
31     2.  Eleven million dollars shall be paid into the State
32Treasury to the credit of the General Revenue Fund.
33     3.  The remainder shall be paid into the State Treasury to
34the credit of the Land Acquisition Trust Fund.
35     (c)  Moneys deposited in the Land Acquisition Trust Fund
36pursuant to this subsection section shall be used to acquire
37coastal lands or to pay debt service on bonds issued to acquire
38coastal lands and to develop and manage lands acquired with
39moneys from the Land Acquisition trust fund.
40     Section 2.  This act shall take effect upon becoming a law.
41
42
43
-----------------------------------------------------
44
T I T L E  A M E N D M E N T
45     Remove the entire title and insert:
46
A bill to be entitled
47An act relating to distribution of the proceeds of the
48excise tax on documents; amending s. 201.15, F.S.;
49revising, as of a specified fiscal year, distribution of a
50portion of the proceeds of the excise tax on documents to
51the Land Acquisition Trust Fund to provide for debt
52service obligations funded through the trust fund with
53respect to bonds issued before a specified date, to
54allocate a specified amount to the General Revenue Fund
55each fiscal year, and to retain allocation of the
56remainder to the trust fund; providing an effective date.


CODING: Words stricken are deletions; words underlined are additions.