Florida Senate - 2013                        COMMITTEE AMENDMENT
       Bill No. SB 306
       
       
       
       
       
       
                                Barcode 523570                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: FAV            .                                
                  03/06/2013           .                                
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       Appropriations Subcommittee on Finance and Tax (Margolis)
       recommended the following:
       
    1         Senate Amendment 
    2  
    3         Delete lines 391 - 409
    4  and insert:
    5  renovate the facility will be more than $300 million, including
    6  permitting, architectural, and engineering fees, and that at
    7  least a majority of the total construction cost, exclusive of
    8  in-kind contributions, will be paid for by the ownership group
    9  of the professional sports franchise or other private sources.
   10         (6)(5) An applicant certified as a facility for a new or
   11  retained professional sports franchise may use funds provided
   12  under s. 212.20 only for the public purpose of paying for the
   13  acquisition, construction, reconstruction, or renovation of a
   14  facility for a new or retained professional sports franchise to
   15  pay or pledge for the payment of debt service on, or to fund
   16  debt service reserve funds, arbitrage rebate obligations, or
   17  other amounts payable with respect to, bonds issued for the
   18  acquisition, construction, reconstruction, or renovation of such
   19  facility or for the reimbursement of such costs or the
   20  refinancing of bonds issued for such purposes. An applicant
   21  certified as a professional sports franchise renovation facility
   22  may use funds provided under s. 212.20 only for the public
   23  purpose of renovating the facility to pay or pledge for the debt