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 following: 1 Senate Amendment (with title amendment) 2 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. 42 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.