Florida Senate - 2013                        COMMITTEE AMENDMENT
       Bill No. SB 770
                                Barcode 182796                          
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  03/07/2013           .                                

       The Committee on Community Affairs (Latvala) recommended the
    1         Senate Amendment (with title amendment)
    3         Delete everything after the enacting clause
    4  and insert:
    5         Section 1. Paragraph (i) is added to subsection (1) of
    6  section 163.506, Florida Statutes, to read:
    7         163.506 Local government neighborhood improvement
    8  districts; creation; advisory council; dissolution.—
    9         (1) After a local planning ordinance has been adopted
   10  authorizing the creation of local government neighborhood
   11  improvement districts, the local governing body of a
   12  municipality or county may create local government neighborhood
   13  improvement districts by the enactment of a separate ordinance
   14  for each district, which ordinance:
   15         (i) Authorizes the district to exercise powers, in addition
   16  to those described in s. 163.514, deemed necessary and useful by
   17  the local governing body, including the power to borrow money
   18  and incur indebtedness; finance and refinance projects of the
   19  district; pledge revenues and ad valorem taxes to secure or
   20  repay obligations of the district; and lease or lease-purchase
   21  property, as lessor or lessee, and impose user fees and charges.
   22         1. Bonds that are issued under this paragraph shall be
   23  authorized by resolution of the governing body of the district
   24  and, if required by the State Constitution, by affirmative vote
   25  of the electors of the district. Such bonds may be issued in one
   26  or more series and shall bear such date or dates, be payable
   27  upon demand or mature at such time or times, bear interest at
   28  such rate or rates, be in such denomination or denominations, be
   29  in such form, registered or not, with or without coupon, carry
   30  such conversion or registration privileges, have such rank or
   31  priority, be executed in such manner, be payable in such medium
   32  of payment, at such place or places, and subject to such terms
   33  of redemption, with or without premium, be secured in such
   34  manner, and have such other characteristics as may be provided
   35  by such resolution or trust indenture or mortgage issued
   36  pursuant thereto. A bond may not be issued or sold for a greater
   37  amount than the amount assessed by the district.
   38         2. The exercise of the powers provided in this paragraph is
   39  conditioned upon referendum approval by the electors of the
   40  district.
   41         Section 2. This act shall take effect July 1, 2013.
   43  ================= T I T L E  A M E N D M E N T ================
   44         And the title is amended as follows:
   45         Delete everything before the enacting clause
   46  and insert:
   47                        A bill to be entitled                      
   48         An act relating to neighborhood improvement districts;
   49         amending s. 163.506, F.S.; providing that an ordinance
   50         that creates a neighborhood improvement district may
   51         authorize the district to exercise certain powers, in
   52         addition to those already granted to such districts;
   53         specifying such powers; conditioning the exercise of
   54         those powers by the local government neighborhood
   55         improvement district upon referendum approval by the
   56         electors of the district; providing an effective date.