Florida Senate - 2013                        COMMITTEE AMENDMENT
       Bill No. CS for SB 770
                                Barcode 679098                          
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  04/04/2013           .                                

       Appropriations Subcommittee on Finance and Tax (Ring)
       recommended the following:
    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 borrow money, contract
   16  loans, and issue bonds, certificates, warrants, notes, or other
   17  evidence of indebtedness to finance the undertaking of a capital
   18  or other project for a purpose permitted by the State
   19  Constitution and this part, and to pledge the funds, credit,
   20  property, and special assessment power of the district for the
   21  payment of such debts and bonds. Bonds that are issued under
   22  this paragraph must be authorized by resolution of the board, by
   23  resolution of the governing body of the municipality or county,
   24  and by a referendum as described in s. 163.514(16). Such bonds
   25  may be issued in one or more series and shall bear such date or
   26  dates, be payable upon demand or mature at such time or times,
   27  bear interest at such rate or rates, be in such denomination or
   28  denominations, be in such form, registered or not, with or
   29  without coupon, carry such conversion or registration
   30  privileges, have such rank or priority, be executed in such
   31  manner, be payable in such medium of payment, at such place or
   32  places, and subject to such terms of redemption, with or without
   33  premium, be secured in such manner, and have such other
   34  characteristics as may be provided by such resolution or trust
   35  indenture or mortgage issued pursuant thereto.
   36         Section 2. This act shall take effect July 1, 2013.
   38  ================= T I T L E  A M E N D M E N T ================
   39         And the title is amended as follows:
   40         Delete everything before the enacting clause
   41  and insert:
   42                        A bill to be entitled                      
   43         An act relating to neighborhood improvement districts;
   44         amending s. 163.506, F.S.; providing that an ordinance
   45         that creates a neighborhood improvement district may
   46         authorize the district to exercise certain powers, in
   47         addition to those already granted to such districts;
   48         specifying such powers; conditioning the exercise of
   49         those powers on resolution and referendum; providing
   50         an effective date.