Florida Senate - 2013                        COMMITTEE AMENDMENT
       Bill No. SB 1024
       
       
       
       
       
       
                                Barcode 218366                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  03/07/2013           .                                
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       The Committee on Community Affairs (Stargel) recommended the
       following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 724 - 731
    4  and insert:
    5         (6)(5) The maximum amount of an individual loan guarantee
    6  commitment that an commitments that any eligible local
    7  government may receive is may be limited to $5 $7 million
    8  pursuant to 24 C.F.R. s. 570.705, and the maximum amount of loan
    9  guarantee commitments statewide may not exceed an amount equal
   10  to two five times the amount of the most recent grant received
   11  by the department under the Florida Small Cities Community
   12  Development Block Grant Program. The $5 million loan guarantee
   13  limit does not apply to loans guaranteed prior to July 1, 2013,
   14  that may be refinanced.
   15  
   16  
   17  ================= T I T L E  A M E N D M E N T ================
   18         And the title is amended as follows:
   19         Delete lines 49 - 51
   20  and insert:
   21         such loans; revising the maximum amount of the loan
   22         guarantee commitment that a local government may
   23         receive and providing exceptions; providing for
   24         reduction of a local