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) 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 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. 37 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.