Florida Senate - 2014                        COMMITTEE AMENDMENT
       Bill No. CS for CS for SB 1044
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                   Comm: WD            .                                
                  04/24/2014           .                                

       The Committee on Appropriations (Bradley) recommended the
    1         Senate Amendment (with title amendment)
    3         Between lines 234 and 235
    4  insert:
    5         Section 10. Section 377.816, Florida Statutes, is created
    6  to read:
    7         377.816Qualified energy conservation bond allocation.—
    8         (1) DEFINITIONS.—As used in this section, the term:
    9         (a) “Eligible issuer” means an entity that is created under
   10  or pursuant to the constitution or laws of this state and that
   11  is authorized by this state to issue bonds or enter into a
   12  lease-purchase agreement, or any other entity in this state
   13  authorized to issue qualified energy conservation bonds pursuant
   14  to the Internal Revenue Code.
   15         (b) “Office” means the Office of Energy within the
   16  Department of Agriculture and Consumer Services.
   17         (c) “Qualified energy conservation bond” means a bond
   18  described in 26 U.S.C. s. 54D(a).
   19         (d) “Qualified project” means a project eligible to be
   20  financed pursuant to 26 U.S.C. s. 54D(f).
   22         (a) The office shall establish an allocation program for
   23  allocating or reallocating the qualified energy conservation
   24  bond volume limitation provided by 26 U.S.C. s. 54D. The
   25  allocation program must provide notification of all mandatory
   26  allocations required or authorized pursuant to the Internal
   27  Revenue Code.
   28         1. All mandatory allocations pursuant to 26 U.S.C. s.
   29  54D(e)(2)(A) shall be allocated to eligible issuers as provided
   30  therein.
   31         2. An eligible issuer receiving a mandatory allocation
   32  pursuant to subparagraph 1. may elect to reallocate all or any
   33  portion of its allocation back to the state pursuant to 26
   34  U.S.C. s. 54D(e)(2)(B).
   35         (b) The office may reallocate to eligible issuers in the
   36  state any allocation that was retained by the state from the
   37  original federal allocation or any allocation that is waived by
   38  an eligible issuer pursuant to subparagraph (a)2.
   39         (c) Each eligible issuer receiving an allocation shall
   40  notify the department in writing of the amount of bonds issued
   41  and any other information relating to the bonds or the
   42  allocation at such time and in such manner as is required by the
   43  office.
   44         (d) A bond subject to the limitations provided in 26 U.S.C.
   45  s. 54D may not be issued in this state unless issued pursuant to
   46  this section.
   47         (3) INFORMATION AVAILABILITY.—The office shall determine
   48  the amount of qualified energy conservation bond allocations for
   49  each qualified issuer in this state under 26 U.S.C. s. 54D and
   50  shall make such information available upon request to any person
   51  or agency.
   53  ================= T I T L E  A M E N D M E N T ================
   54  And the title is amended as follows:
   55         Between lines 29 and 30
   56  insert:
   57         creating s. 377.816, F.S.; defining terms; requiring
   58         the Office of Energy to establish a program for
   59         allocating or reallocating a federally qualified
   60         energy conservation bond volume limitation; providing
   61         program requirements;