Florida Senate - 2011                        COMMITTEE AMENDMENT
       Bill No. SB 466
       
       
       
       
       
       
                                Barcode 247948                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: FAV            .                                
                  03/22/2011           .                                
                                       .                                
                                       .                                
                                       .                                
       —————————————————————————————————————————————————————————————————




       —————————————————————————————————————————————————————————————————
       The Committee on Commerce and Tourism (Ring) recommended the
       following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 29 - 74
    4  and insert:
    5         a.1. Pay the debt service on bonds issued to finance:
    6         (I)a. The construction, reconstruction, or renovation of a
    7  facility either publicly owned and operated, or on land publicly
    8  owned and operated by the owner of a professional sports
    9  franchise or other lessee with sufficient expertise or financial
   10  capability to operate such facility, and to pay the planning and
   11  design costs incurred prior to the issuance of such bonds for a
   12  new professional sports facility franchise as defined in s.
   13  288.1162.
   14         (II)b. The acquisition, construction, reconstruction, or
   15  renovation of a facility either publicly owned and operated, or
   16  publicly owned and operated by the owner of a professional
   17  sports franchise or other lessee with sufficient expertise or
   18  financial capability to operate such facility, and to pay the
   19  planning and design costs incurred prior to the issuance of such
   20  bonds for a retained spring training franchise.
   21         (III) The expansion, renovation, or reconstruction of a
   22  convention center that is in existence on July 1, 2011.
   23         b.2. Promote and advertise tourism in the State of Florida
   24  and nationally and internationally; however, if tax revenues are
   25  expended for an activity, service, venue, or event, the
   26  activity, service, venue, or event shall have as one of its main
   27  purposes the attraction of tourists as evidenced by the
   28  promotion of the activity, service, venue, or event to tourists.
   29         2.a. In any county in which the tax authorized by this
   30  paragraph is initially imposed on or after January 1, 2012, the
   31  tax revenues received from the imposition of such tax and used
   32  for the purposes set forth in sub-sub-subparagraph 1.a.(III) and
   33  sub-subparagraph 1.b. in the aggregate may not exceed 49.9
   34  percent of the total tax revenues received from the imposition
   35  of such tax.
   36         b. If tax revenues authorized by this paragraph are used
   37  for the purposes of financing a professional sports facility
   38  described in sub-sub-subparagraph 1.a.(I) which is not publicly
   39  owned, private contributions to the facility must be made before
   40  or simultaneously with the contribution of such tax revenues.
   41  Private contributions to the facility must be in an amount equal
   42  to at least 43 percent of the tax revenues authorized by this
   43  paragraph which dedicated to the facility.
   44  
   45  ================= T I T L E  A M E N D M E N T ================
   46         And the title is amended as follows:
   47         Delete lines 3 - 10
   48  and insert:
   49         amending s. 125.0104, F.S.; expanding the purposes for
   50         which the proceeds of the tourist development tax may
   51         be used to include the payment of the debt service on
   52         bonds to finance the construction, reconstruction, or
   53         renovation of a professional sports facility on
   54         publically owned land and the expansion, renovation,
   55         or reconstruction of a convention center; limiting the
   56         percentage of the proceeds from the tourist
   57         development tax that may be used for the professional
   58         sports facility; requiring private contributions to
   59         the professional sports facility as a condition for
   60         the use of tourist development taxes for the facility;
   61         providing for nonapplication of a