Florida Senate - 2014 COMMITTEE AMENDMENT
Bill No. CS for SB 136
Ì855186FÎ855186
LEGISLATIVE ACTION
Senate . House
Comm: RCS .
04/04/2014 .
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Economic Development (Evers) recommended the following:
1 Senate Amendment to Amendment (869648) (with title
2 amendment)
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4 Between lines 173 and 174
5 insert:
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7 ================= T I T L E A M E N D M E N T ================And the title is amended as follows:Delete lines 181 - 209and insert:An act relating to transportation; amending s. 311.07, F.S.; providing that seaport asset management plans are eligible for funding from the Florida Seaport Transportation and Economic Development Program; amending s. 311.101, F.S.; revising the amount of funds to be made available annually from the State Transportation Trust Fund for the Intermodal Logistics Center Infrastructure Support Program; creating s. 311.103, F.S.; defining the term “freight logistics zone”; authorizing a county, or two or more contiguous counties, to designate a geographic area or areas within its jurisdiction as a freight logistics zone; requiring the adoption of a strategic plan which must include certain information; providing that certain projects within freight logistics zones may be eligible for priority in state funding and certain incentive programs; providing evaluation criteria for freight logistics zones; creating s. 311.141, F.S.; requiring certain entities to conduct a review of continuity of operations plans; authorizing such entities to develop an all-hazards economic recovery and resumption of trade plan for seaports; requiring certain entities to review the need for consistent asset management plans for seaports; specifying requirements for such plans; amending s. 320.525, F.S.; providing that certain public roads may be designated as port district roads; requiring the Department of Transportation to designate such roads with appropriate signage; creating ch. 345, F.S., relating to the Northwest Florida Regional Transportation Finance Authority; creating s. 345.0001, F.S.; providing a short title; creating s. 345.0002, F.S.; defining terms; creating s. 345.0003, F.S.; authorizing certain counties to form a regional finance authority to construct, maintain, or operate transportation projects in a given region of the state; providing governance of the authority; creating s. 345.0004, F.S.; specifying the powers and duties of a regional transportation finance authority; limiting the authority’s power with respect to an existing system; prohibiting the authority from pledging the credit or taxing power of the state or any political subdivision or agency of the state; prohibiting the authority from entering into an agreement that would prohibit a county or municipality from constructing a road without the consent of the county; requiring that the authority comply with certain reporting and documentation requirements; creating s. 345.0005, F.S.; authorizing the authority to issue bonds that meet certain requirements; requiring that the resolution that authorizes the issuance of bonds meet certain requirements; authorizing the authority to enter into security agreements for issued bonds with a bank or trust company; providing that issued bonds are negotiable instruments and have the qualities and incidents of certain negotiable instruments under the law; requiring that a resolution authorizing the issuance of bonds and pledging of revenues of the system include certain requirements; prohibiting the use or pledge of state funds to pay principal or interest of the authority’s bonds; creating s. 345.0006, F.S.; providing for the rights and remedies granted to bondholders; authorizing certain actions a trustee may take on behalf of the bondholders; authorizing the appointment of a receiver; establishing and limiting the authority of the receiver; creating s. 345.0007, F.S.; designating the Department of Transportation as the agent of the authority for specified purposes; authorizing the administration and management of projects by the department; limiting the powers of the department as an agent; establishing the fiscal responsibilities of the authority; creating s. 345.0008, F.S.; authorizing the department to provide for or commit its resources for the authority project or system, if approved by the Legislature; authorizing the payment of expenses incurred by the department on behalf of the authority; requiring the department to receive a share of the revenue from the authority; providing calculations for disbursement of revenues; creating s. 345.0009, F.S.; authorizing the authority to acquire private or public property and property rights for a project or plan; authorizing the authority to exercise the right of eminent domain; establishing the rights and liabilities and remedial actions relating to property acquired for a transportation project or corridor; creating s. 345.0010, F.S.; authorizing contracts between governmental entities and the authority; creating s. 345.0011, F.S.; providing that the state will not limit or alter the vested rights of a bondholder with regard to any issued bonds or other rights relating to the bonds under certain conditions; creating s. 345.0012, F.S.; relieving the authority’s obligation to pay certain taxes or assessments for property acquired or used for certain public purposes or on revenues received relating to the issuance of bonds; providing exceptions; creating s. 345.0013, F.S.; providing that the bonds or obligations issued are legal investments of specified entities; creating s. 345.0014, F.S.; providing applicability; providing an effective date.