Florida Senate - 2012 (PROPOSED COMMITTEE BILL) SPB 7002 FOR CONSIDERATION By the Committee on Community Affairs 578-00417-12 20127002__ 1 A bill to be entitled 2 An act relating to laws requiring counties or 3 municipalities to spend funds or limiting their 4 ability to raise revenue or receive state tax revenue; 5 defining the term “insignificant fiscal impact”; 6 requiring that certain criteria be used in determining 7 whether a law has an insignificant fiscal impact on 8 counties and municipalities; providing an effective 9 date. 10 11 Be It Enacted by the Legislature of the State of Florida: 12 13 Section 1. Laws requiring counties or municipalities to 14 spend funds or limiting their ability to raise revenue or 15 receive state tax revenue.—Section 18(d), Article VII of the 16 State Constitution creates an exemption from the section’s 17 limitations on local government mandates for laws that have an 18 insignificant fiscal impact. For purposes of the exemption, the 19 term “insignificant fiscal impact” means an annual amount equal 20 to or less than 10 cents multiplied by the latest resident 21 population estimate on April 1 by the Florida Demographic 22 Estimating Conference for the applicable state fiscal year. In 23 determining whether the fiscal impact of a law exceeds an 24 insignificant fiscal impact, the average annual fiscal impact of 25 the law, including any average annual revenues or savings that 26 the law may create, must be taken into consideration. 27 Section 2. This act shall take effect July 1, 2012.