Florida Senate - 2012                                     SB 354
       By Senator Simmons
       22-00174-12                                            2012354__
    1                        A bill to be entitled                      
    2         An act relating to the Seminole County Expressway
    3         Authority; creating the Seminole County Expressway
    4         Authority Law; providing definitions; creating the
    5         Seminole County Expressway Authority; prohibiting an
    6         entity or body or another authority from exercising
    7         jurisdiction, control, authority, or power over an
    8         expressway system in Seminole County without the
    9         consent of the Seminole County Expressway Authority;
   10         providing for membership and terms of the authority;
   11         authorizing staffing; providing for certain
   12         reimbursement for authority members; providing for the
   13         powers and duties of the authority; requiring notice
   14         of public hearing and an opportunity for municipal
   15         officials and residents to discuss and advise the
   16         authority; providing for the issuance of bonds;
   17         providing for lease-purchase agreements between the
   18         Department of Transportation and the authority;
   19         providing criteria for the lease-purchase agreements;
   20         providing for use of certain revenues as payments for
   21         the lease-purchase agreements; authorizing the
   22         Department of Transportation to use funds for the
   23         operation of the authority and to generate preparatory
   24         information necessary for an expressway system;
   25         providing for an agent for construction; authorizing
   26         the authority to appoint the department as its agent
   27         under certain circumstances; authorizing the authority
   28         to acquire land and properties; providing for the
   29         cooperation of other entities to further the purposes
   30         of the act; prohibiting the state from changing the
   31         terms of the bonds; exempting the authority from
   32         certain taxes; providing for the bond’s eligibility
   33         for investments and security; providing for the
   34         enforcement by bondholders of any pledge relating to
   35         the bonds issued by the department; providing for the
   36         extent of the powers authorized by the act; providing
   37         an effective date.
   39  Be It Enacted by the Legislature of the State of Florida:
   41         Section 1. Short title.—Sections 1-14 of this act may be
   42  cited as the “Seminole County Expressway Authority Law.”
   43         Section 2. Definitions.—As used in sections 1-14 of this
   44  act, the term:
   45         (1) “Agency of the state” means the state and any
   46  department of, or corporation, agency, or instrumentality
   47  created, designated, or established by, the state.
   48         (2) “Authority” means the Seminole County Expressway
   49  Authority.
   50         (3) “Bond” means a note, bond, refunding bond, or other
   51  evidence of indebtedness or obligation, in temporary or
   52  definitive form, which the authority issues pursuant to this
   53  part.
   54         (4) “County” means Seminole County.
   55         (5) “Department” means the Department of Transportation
   56  existing under chapters 334-339, Florida Statutes.
   57         (6) “Expressway” means the same as limited access
   58  expressway.
   59         (7) “Federal agency” means the United States, the President
   60  of the United States, and any department of, or corporation,
   61  agency, or instrumentality created, designated, or established
   62  by, the United States.
   63         (8) Gasoline tax funds of Seminole County” mean all of the
   64  80 percent surplus gasoline tax funds accruing in each year to
   65  the Department of Transportation for use in Seminole County
   66  under the provisions of s. 9, Article XII of the State
   67  Constitution, or all constitutional gas funds as may otherwise
   68  be provided by the State Constitution or by statute for use in
   69  Seminole County, after deduction of any amount of such gasoline
   70  tax funds pledged by the Department of Transportation or the
   71  county for outstanding obligations.
   72         (9) “Lease-purchase agreement” means an agreement that the
   73  authority may enter into with the Department of Transportation
   74  pursuant to this part.
   75         (10) “Limited access expressway” means a street or highway
   76  especially designed for through traffic and over, from, or to
   77  which no person has the right of easement, use, or access except
   78  in accordance with the rules and regulations adopted by the
   79  authority for the use of such facility. The street or highway
   80  may be a parkway from which trucks, buses, and other commercial
   81  vehicles are excluded, or it may be a freeway open to use by all
   82  customary forms of street and highway traffic.
   83         (11) “Members” mean the governing body of the authority,
   84  and the term “member” means one of the individuals constituting
   85  the governing body.
   86         (12) “Seminole County Expressway System” or “system” means
   87  any expressway and appurtenant facilities thereto in Seminole
   88  County, including, but not limited to, all approaches, roads,
   89  bridges, and avenues of access for the expressway.
   90         (13) “State Board of Administration” means the body
   91  corporate existing under s. 9, Article XII of the State
   92  Constitution or any successor thereto.
   93         Section 3. Seminole County Expressway Authority.—
   94         (1) There is created a body politic and corporate, an
   95  agency of the state, to be known as the Seminole County
   96  Expressway Authority and referred to as “authority.”
   97         (2) The authority has exclusive right to exercise all the
   98  powers under sections 1-14 of this act, and no other entity,
   99  body, or authority within or without Seminole County may
  100  directly or indirectly exercise jurisdiction, control,
  101  authority, or power in any manner relating to any expressway
  102  system within Seminole County without the express consent of the
  103  authority or as otherwise provided in sections 1-14 of this act.
  104         (3) The governing body of the authority consists of seven
  105  members. Five members must be members of the Board of County
  106  Commissioners of Seminole County, and the term of each member is
  107  concomitant with his or her term as a county commissioner. Two
  108  members shall be appointed by the board of county commissioners
  109  from among the duly elected municipal officers within the
  110  county, and the municipal members serve 2-year terms unless
  111  reappointed. Each 2-year term runs from the date of appointment
  112  and automatically terminates if the member ceases to be a duly
  113  elected municipal officer. The board of county commissioners
  114  shall fill a municipal membership vacancy within 45 days after
  115  the occurrence of the vacancy, and the board must appoint an
  116  individual who is jointly recommended to the board of county
  117  commissioners by two-thirds of the municipalities in the county
  118  within 30 days after the vacancy.
  119         (4) The authority shall elect one of its members as chair
  120  of the authority. The authority shall elect a secretary and a
  121  treasurer, who need not be members of the authority. The chair,
  122  secretary, and treasurer hold the office at the will of the
  123  authority. Four members of the authority constitute a quorum,
  124  and the affirmative vote of three members is necessary for any
  125  action taken by the authority. A vacancy in the authority does
  126  not impair the right of the quorum to exercise the rights and
  127  perform the duties of the authority.
  128         (5) Each appointed member of the authority shall enter upon
  129  his or her duties upon the effective date of his or her
  130  appointment, or as soon thereafter as practicable.
  131         (6) The authority may employ an executive secretary, an
  132  executive director, and its own counsel and legal staff,
  133  technical experts, engineers, and other employees, permanent or
  134  temporary, as it may require; determine the qualifications and
  135  fix the compensation of the persons, firms, or corporations; and
  136  employ a fiscal agent. However, the authority shall solicit at
  137  least three sealed proposals for the performance of any services
  138  as the fiscal agent. The authority may delegate to one or more
  139  of its agents or employees any of its powers as it deems
  140  necessary to carry out the purposes of sections 1-14 of this
  141  act, subject to the supervision and control of the authority.
  142         (7) The authority shall reimburse its members for travel
  143  and other necessary expenses incurred in connection with the
  144  business of the authority as provided in s. 112.061, Florida
  145  Statutes, but the members may not draw salaries or other
  146  compensation.
  147         Section 4. Powers and duties.—
  148         (1)(a) The authority may acquire, hold, construct, improve,
  149  maintain, operate, own, and lease, in the capacity of lessor,
  150  the Seminole County Expressway System.
  151         (b) The authority, in the construction of the Seminole
  152  County Expressway System, may construct any extension, addition,
  153  or improvement to the system or appurtenant facilities,
  154  including all necessary approaches, roads, bridges, and avenues
  155  of access, with any change, modification, or revision of the
  156  project as deemed necessary.
  157         (2) The authority may exercise all powers necessary,
  158  appurtenant, convenient, or incidental to the implementation of
  159  sections 1-14 of this act, including, but not limited to, the
  160  following:
  161         (a) To sue and be sued, implead and be impleaded, and
  162  complain and defend in all courts;
  163         (b) To adopt, use, and alter at will a corporate seal;
  164         (c) To acquire, purchase, hold, lease as lessee, and use
  165  any franchise or property, real, personal, or mixed, tangible or
  166  intangible, or any interest necessary to implement the purposes
  167  of sections 1-14 of this act; and to sell, lease as lessor,
  168  transfer, and dispose of, at any time, any property or interest
  169  acquired by the authority;
  170         (d) To enter into and make leases for terms not exceeding
  171  40 years, as lessee or lessor, and to implement the right to
  172  lease as provided in sections 1-14 of this act;
  173         (e) To enter into and make lease-purchase agreements with
  174  the department for terms not exceeding 40 years or until any
  175  bond secured by a pledge of rental, and any refund, are fully
  176  paid, whichever is longer;
  177         (f) To fix, alter, charge, establish, and collect rates,
  178  fees, rentals, and other charges for the services and facilities
  179  of the Seminole County Expressway System, which rates, fees,
  180  rentals, and other charges are sufficient to comply with any
  181  covenant made with the holders of any bonds issued pursuant to
  182  sections 1-14 of this act; however, the authority may assign or
  183  delegate to the department any of its rights and powers;
  184         (g)1. To borrow money as provided by the State Bond Act.
  185         2. To reimburse Seminole County for any sums expended from
  186  the gasoline tax funds of Seminole County and any other revenues
  187  provided to the authority by Seminole County and used for the
  188  payment of the obligations. If the authority deems it
  189  practicable, the authority may repay disbursed revenues from
  190  Seminole County or gasoline tax funds, together with interest at
  191  the highest rate applicable, to any obligations of the authority
  192  for which funds or revenues were used to pay debt service.
  193         3. To hire and retain independent certified public
  194  accountants and auditors to audit the books and records of the
  195  authority and the department with respect to the Seminole County
  196  Expressway System or any part thereof, so long as any bonds of
  197  the authority are outstanding;
  198         (h) To make contracts and to execute all instruments
  199  necessary to conduct its business;
  200         (i) Without limitation of the foregoing, to borrow money
  201  and accept grants from, and to enter into contracts, leases, or
  202  other transactions with, any federal agency, the state, any
  203  agency of the state, Seminole County, or any other public body
  204  of the state;
  205         (j) To have the power of eminent domain, including the
  206  procedural powers granted under chapters 73 and 74, Florida
  207  Statutes;
  208         (k) To pledge, hypothecate, or otherwise encumber all parts
  209  of the revenues, rates, fees, rentals, or other charges or
  210  receipts of the authority, including all or any portion of the
  211  gasoline tax funds of Seminole County or other revenues received
  212  by the authority pursuant to the terms of any lease-purchase
  213  agreement between the authority and the department or any other
  214  agreement between the authority and Seminole County, as security
  215  for any of the obligations of the authority;
  216         (l) To do all acts necessary for the conduct of its
  217  business and the general welfare of the authority in order to
  218  implement the powers granted to it by sections 1-14 of this act
  219  or any other law; and
  220         (m) To employ fiscal agents as provided by section 3 of
  221  this act. The State Board of Administration may, upon request of
  222  the authority, act as fiscal agent for the authority in the
  223  issuance of any bonds that may be issued pursuant to section 5
  224  of this act. The State Board of Administration may, upon request
  225  of the authority, take over the management, control,
  226  administration, custody, and payment of any debt service or fund
  227  or asset available for any bond issued pursuant to section 5 of
  228  this act. The authority may enter into a deed of trust, an
  229  indenture, a resolution, or another agreement with its fiscal
  230  agent, a financial institution, an insurance company, or a bank
  231  or trust company within or without the state, as security for
  232  the bonds, and may, under the agreement, sign and pledge any of
  233  the revenues, rates, fees, rentals, or other charges or receipts
  234  of the authority, including any portion of the gasoline tax
  235  funds of Seminole County or other revenues received by the
  236  authority pursuant to the terms of a lease-purchase agreement
  237  between the authority and the department or any other agreement
  238  between the authority and Seminole County. The deed of trust,
  239  indenture, resolution, or other agreement may contain provisions
  240  as are customary in such instruments, or, if the authority
  241  authorizes, may include, without limitation, provisions as to:
  242         1. The completion, improvement, operation, extension,
  243  maintenance, and repair of the Seminole County Expressway
  244  System; the lease of, or lease-purchase agreement for, the
  245  system; and the duties of the authority and others, including
  246  the department.
  247         2. The availability and application of funds and the
  248  safeguarding of funds on hand or on deposit.
  249         3. The rights and remedies of the trustee and the holders
  250  of the bonds and any institution providing liquidity or credit
  251  support for the bonds.
  252         4. The terms and provisions of the bonds or the resolutions
  253  authorizing the issuance of the bonds.
  254         5. The terms and conditions pursuant to which the authority
  255  or any trustee for the bonds is entitled to receive any revenues
  256  from Seminole County to pay the principal of or interest on the
  257  bonds.
  258         (3) The authority may not pledge the credit or taxing power
  259  of the state or any political subdivision or agency of the
  260  state, including Seminole County. The obligations of the
  261  authority are not deemed obligations of the state, or any
  262  political subdivision or agency of the state. The state, or any
  263  political subdivision or agency of the state, except the
  264  authority, is not liable for the payment of the principal of or
  265  interest on the obligations. However, the gasoline tax funds of
  266  Seminole County or other revenues may be pledged for the payment
  267  of the principal of or interest on the obligations pursuant to
  268  the terms of a lease-purchase agreement between the authority
  269  and the department or any other agreement between the authority
  270  and Seminole County.
  271         (4) The consent of a municipality is not necessary for any
  272  project of the authority, notwithstanding any provision in
  273  sections 1-14 of this act or any other law to the contrary or
  274  whether the project lies within the boundaries of any
  275  municipality, in whole or in part. However, an official or a
  276  resident of a municipality in which a project of the authority
  277  is located, in whole or in part, must have reasonable
  278  opportunity to discuss the project and advise the authority of
  279  his or her position at a duly advertised public hearing. Notice
  280  of the public hearing must be advertised in a newspaper
  281  published in Seminole County and circulated in the affected
  282  municipalities. The notice must be published once at least 2
  283  weeks before the public hearing and must contain the time and
  284  place of the public hearing and a short description of the
  285  subject to be discussed. The public hearing may be adjourned
  286  from time to time and set for a time and place certain without
  287  necessity of further advertisement. In routing and locating an
  288  expressway or its interchange in or through a municipality, the
  289  authority must consider the effect of such location on the
  290  municipality as a whole and must not unreasonably split or
  291  divide an area of the municipality or separate one area of the
  292  municipality from another.
  293         Section 5. Bonds.—Bonds may be issued on behalf of the
  294  authority as provided by the State Bond Act.
  295         Section 6. Lease-purchase agreement.—
  296         (1) The authority may enter into a lease-purchase agreement
  297  with the department relating to and covering the Seminole County
  298  Expressway System.
  299         (2) The lease-purchase agreement shall provide for the
  300  leasing of the Seminole County Expressway System by the
  301  authority, as lessor, to the department, as lessee; shall
  302  prescribe the terms of the agreement and the rentals to be paid;
  303  and shall provide that, upon the completion of the faithful
  304  performance of the agreement and the termination of such lease
  305  purchase agreement, the authority shall transfer to the state
  306  title in fee simple absolute to the Seminole County Expressway
  307  System and the authority shall deliver to the department deeds
  308  and conveyances necessary to vest title in fee simple absolute
  309  in the state.
  310         (3) The lease-purchase agreement may include other
  311  provisions, agreements, and covenants as the authority and the
  312  department deem necessary, including, but not limited to,
  313  provisions as to the bonds to be issued pursuant to this part;
  314  the completion, extension, improvement, operation, and
  315  maintenance of the Seminole County Expressway System and the
  316  expenses and the cost of operation of the authority and the
  317  system; the charging and collection of tolls, rates, fees, and
  318  other charges for the use of the services and facilities; the
  319  application of federal or state grants or aid made or given to
  320  assist the authority in the completion, extension, improvement,
  321  operation, and maintenance of the Seminole County Expressway
  322  System, which the authority may accept and apply to these
  323  purposes; the enforcement of payment and collection of rentals;
  324  and any other terms, provisions, or covenants necessary,
  325  incidental, or appurtenant to the making of, and full
  326  performance under, the lease-purchase agreement.
  327         (4) The department, as lessee under such lease-purchase
  328  agreement, may pay, as rentals under the agreement, any rates,
  329  fees, charges, funds, moneys, receipts, or income accruing to
  330  the department from the operation of the Seminole County
  331  Expressway System and the gasoline tax funds or other revenues
  332  of Seminole County used to pay the principal of or interest on
  333  any obligations issued to finance any portion of the system and
  334  may also pay, as rentals, any appropriations received by the
  335  department pursuant to state law. The lease-purchase agreement
  336  or any holder of bonds issued pursuant to section 5 of this act
  337  may not require the making or continuance of any appropriations.
  338         (5) Gasoline tax funds or other revenues of Seminole County
  339  may not be pledged as rentals under a lease-purchase agreement
  340  or another agreement without the consent of Seminole County,
  341  evidenced by a resolution adopted by the board of county
  342  commissioners of the county at a public hearing held pursuant to
  343  due notice thereof published at least once a week for 3
  344  consecutive weeks before the hearing in a newspaper of general
  345  circulation in the county. The resolution must provide that, for
  346  bonds issued on behalf of the authority, any excess of the
  347  pledged gasoline tax funds and other revenues of Seminole County
  348  which is not required for debt service or for reserves for debt
  349  service shall be distributed to Seminole County as provided by
  350  law. Before making any application for the pledge of gasoline
  351  tax funds, the authority shall present the plan of its proposed
  352  project to the Seminole County Planning and Zoning Commission
  353  for comments and recommendations. The department may covenant in
  354  a lease-purchase agreement that it will pay all or part of the
  355  cost of the system, and any part of the cost of completing the
  356  system to the extent that the proceeds of bonds issued for the
  357  project are insufficient, from sources other than the revenues
  358  derived from the operation of the system and the gasoline tax
  359  funds or any other revenue of Seminole County pledged for such
  360  purpose. The department may agree to make payments from any
  361  moneys available to Seminole County, in connection with the
  362  construction or completion of the system, as deemed by the
  363  department to be fair and proper under any covenant that is
  364  entered into.
  365         (6) The system is a part of the state road system, and the
  366  department may, upon the request of the authority, expend money
  367  out of any funds available for the purpose and use its
  368  engineering and other powers deemed necessary by the department
  369  for the operation of the authority and for traffic surveys,
  370  borings, surveys, preparation of plans and specifications,
  371  estimates of cost, and other preliminary engineering and other
  372  studies. However, the aggregate amount of moneys expended for
  373  this purpose by the department may not exceed the sum of
  374  $500,000.
  375         Section 7. Agent for construction.—The authority may
  376  appoint the department as its agent for the construction of and
  377  improvements and extensions to the Seminole County Expressway
  378  System and for the completion of the system. If the department
  379  is appointed, the authority shall provide the department with
  380  complete copies of all documents, agreements, resolutions,
  381  contracts, and instruments relating to the system; shall request
  382  the department to do the construction work, including the
  383  planning, surveying, and actual construction of the completion,
  384  extension, and improvement to the Seminole County Expressway
  385  System; and shall transfer the necessary funds for the
  386  construction to the credit of an account of the department in
  387  the State Treasury. The department shall proceed with the
  388  construction and shall use the funds that are authorized for the
  389  construction of roads and bridges.
  390         Section 8. Acquisition of lands and property.—
  391         (1) The Seminole County Expressway Authority may acquire
  392  private or public property and property rights, including rights
  393  of access, air, view, and light, by gift, devise, purchase, or
  394  condemnation by an eminent domain proceeding, as the authority
  395  deems necessary to implement sections 1-14 of this act. The
  396  property that the authority may acquire includes, but is not
  397  limited to, any land:
  398         (a) Reasonably necessary for securing applicable permits,
  399  areas necessary for management of access, borrow pits, drainage
  400  ditches, water retention areas, rest areas, replacement access
  401  for landowners whose access is impaired due to the construction
  402  of a facility, and replacement rights-of-way for relocated rail
  403  and utility facilities;
  404         (b) For existing, proposed, or anticipated transportation
  405  facilities on the Seminole County Expressway System or in a
  406  transportation corridor designated by the authority; or
  407         (c) For the purposes of screening, relocation, removal, or
  408  disposal of junkyards and scrap metal processing facilities.
  410  The authority may condemn any material and property necessary
  411  for these purposes.
  412         (2) The authority may exercise the right of eminent domain
  413  in the manner provided by law.
  414         (3) If the authority acquires property for a transportation
  415  facility or in a transportation corridor, the authority is not
  416  subject to any liability imposed by chapter 376 or chapter 403,
  417  Florida Statutes, for preexisting soil or groundwater
  418  contamination due solely to its ownership. This section does not
  419  affect the rights or liabilities of any past or future owners of
  420  the acquired property, nor does it affect the liability of any
  421  governmental entity for the results of its actions that create
  422  or exacerbate a pollution source. The authority and the
  423  Department of Environmental Protection may enter into an
  424  interagency agreement for the performance, funding, and
  425  reimbursement of the investigative and remedial acts necessary
  426  for property acquired by the authority.
  427         Section 9. Cooperation with other units, boards, agencies,
  428  and individuals.—Any county, municipality, drainage district,
  429  road or bridge district, school district, or any other political
  430  subdivision, board, commission, or individual in or of the state
  431  may make and enter into a contract, lease, conveyance, or other
  432  agreement consistent with sections 1-14 of this act with the
  433  authority. The authority may make and enter into a contract,
  434  lease, conveyance, or other agreement with any political
  435  subdivision, agency, or instrumentality of the state, any
  436  federal agency, any corporation, or any individual to implement
  437  sections 1-14 of this act.
  438         Section 10. Covenant of the state.—The state pledges to,
  439  and agrees with, any person, firm, corporation, or federal or
  440  state agency subscribing to or acquiring the bonds issued by the
  441  authority pursuant to section 5 of this act that the state will
  442  not limit or alter the rights vested in the authority and the
  443  department until all bonds at any time issued, together with the
  444  interest on the bonds, are fully paid and discharged. The state
  445  pledges to, and agrees with, the United States that, when any
  446  federal agency constructs or contributes any funds for the
  447  completion, extension, or improvement of the Seminole County
  448  Expressway System or any part or portion thereof, the state will
  449  not alter or limit the rights and powers of the authority and
  450  the department in any manner that would be inconsistent with the
  451  continued maintenance and operation of the Seminole County
  452  Expressway System or the completion, extension, or improvement
  453  of the system, or that is inconsistent with the due performance
  454  of the agreement between the authority and the federal agency.
  455  The authority and the department have and may exercise all
  456  powers granted in sections 1-14 of this act necessary to
  457  implement the purposes of sections 1-14 of this act and the
  458  purposes of the United States in the completion, extension, or
  459  improvement of the Seminole County Expressway System or any part
  460  or portion of the system.
  461         Section 11. Exemption from taxation.—The authority created
  462  pursuant to sections 1-14 of this act is for the benefit of the
  463  people of the state, for the increase of their commerce and
  464  prosperity, and for the improvement of their health and living
  465  conditions. Because the authority is performing essential
  466  governmental functions in carrying out the purposes of sections
  467  1-14 of this act, the authority is exempt from taxes or
  468  assessments upon any property acquired or used by it for such
  469  purposes, or upon any revenues, rates, fees, rentals, receipts,
  470  income, or charges received by it. The bonds issued by the
  471  authority, their transfer, and the income from the bonds,
  472  including any profits made on the sale of the bonds, are at all
  473  times free from taxation of any kind by the state or any
  474  political subdivision, taxing agency, or instrumentality of the
  475  state. However, the exemption granted by this section is not
  476  applicable to any tax imposed under chapter 220, Florida
  477  Statutes, on interest, income, or profits on debt obligations
  478  owned by corporations. When a property of the authority is
  479  leased, it is exempt from ad valorem taxes if the use by the
  480  lessee qualifies the property for exemption under s. 196.199,
  481  Florida Statutes.
  482         Section 12. Eligibility for investments and security.—Any
  483  bonds or other obligations issued pursuant to sections 1-14 of
  484  this act are legal investments for banks, savings banks,
  485  trustees, executors, administrators, and all other fiduciaries,
  486  and for all state, municipal, and other public funds, and are
  487  securities eligible for deposit as security for all state,
  488  municipal, or other public funds, notwithstanding the provisions
  489  of any law.
  490         Section 13. Pledges enforceable by bondholders.—A pledge by
  491  the department of rates, fees, revenues, gasoline tax funds of
  492  Seminole County, or other funds as rentals to the authority, or
  493  any covenant or agreement relative to the pledge, is enforceable
  494  in any court of competent jurisdiction against the authority or
  495  directly against the department by any holder of bonds issued by
  496  the authority.
  497         Section 14. Complete and additional authority.—
  498         (1) The powers conferred by sections 1-14 of this act are
  499  in addition to the existing powers of the authority and the
  500  department, and sections 1-14 of this act do not repeal any of
  501  the provisions of any other law, general, special, or local. The
  502  extension and improvement of the Seminole County Expressway
  503  System, and the issuance of bonds pursuant to section 5 of this
  504  act to finance all or part of the cost of the system, may be
  505  accomplished upon compliance with the provisions of sections 1
  506  14 of this act without regard to or necessity for compliance
  507  with the provisions, limitations, or restrictions contained in
  508  any other general, special, or local law. Approval of any bonds
  509  issued under this part by qualified electors or qualified
  510  electors who are freeholders in the state, in Seminole County or
  511  in any other political subdivision of the state, is not required
  512  for the issuance of bonds pursuant to section 5 of this act.
  513         (2) Sections 1-14 of this act do not repeal, rescind, or
  514  modify any other law relating to the State Board of
  515  Administration, the Department of Transportation, or the
  516  Division of Bond Finance of the State Board of Administration,
  517  but supersede any law that is inconsistent with the provisions
  518  of sections 1-14 of this act.
  519         Section 15. This act shall take effect July 1, 2012.