CS for CS for SB 230                             Third Engrossed
       
       
       
       
       
       
       
       
       2014230e3
       
    1                        A bill to be entitled                      
    2         An act relating to the Orlando-Orange County
    3         Expressway Authority; amending ss. 348.751 and
    4         348.752, F.S.; renaming the Orlando-Orange County
    5         Expressway System as the “Central Florida Expressway
    6         System”; revising definitions; making technical
    7         changes; amending s. 348.753, F.S.; creating the
    8         Central Florida Expressway Authority; providing for
    9         the transfer of governance and control, legal rights
   10         and powers, responsibilities, terms, and obligations
   11         to the authority; providing conditions for the
   12         transfer; revising the composition of the governing
   13         body of the authority; providing for appointment of
   14         officers of the authority and for the expiration of
   15         terms of standing board members; revising quorum and
   16         voting requirements; conforming terminology and making
   17         technical changes; prohibiting a member or the
   18         executive director of the authority from personally
   19         representing certain persons or entities for a
   20         specified time period; prohibiting a retired or
   21         terminated member or executive director of the
   22         authority from contracting with a business entity
   23         under certain circumstances; requiring authority board
   24         members, employees, and consultants to make certain
   25         annual disclosures; requiring an ethics officer to
   26         review such disclosures; requiring the authority code
   27         of ethics to include a conflict of interest process;
   28         prohibiting authority employees and consultants from
   29         serving on the board during their employment or
   30         contract period; requiring the code of ethics to be
   31         reviewed and updated at least every 2 years; requiring
   32         employees to participate in ongoing ethics education;
   33         providing penalties; amending s. 348.754, F.S.;
   34         providing that the area served by the authority is
   35         within the geopolitical boundaries of Orange,
   36         Seminole, Lake, and Osceola Counties; requiring the
   37         authority to have prior consent from the Secretary of
   38         the Department of Transportation to construct an
   39         extension, addition, or improvement to the expressway
   40         system in Lake County; extending, to 99 years from 40
   41         years, the term of a lease-purchase agreement;
   42         limiting the authority’s authority to enter into a
   43         lease-purchase agreement; limiting the use of certain
   44         toll-revenues; providing exceptions; removing the
   45         requirement that the route of a project must be
   46         approved by a municipality before the right-of-way can
   47         be acquired; requiring that the authority encourage
   48         the inclusion of local-, small-, minority-, and women
   49         owned businesses in its procurement and contracting
   50         opportunities; removing the authority and criteria for
   51         an authority to waive payment and performance bonds
   52         for certain public works projects that are awarded
   53         pursuant to an economic development program;
   54         conforming terminology and making technical changes;
   55         amending ss. 348.7543, 348.7544, 348.7545, 348.7546,
   56         348.7547, 348.755, and 348.756, F.S.; conforming
   57         terminology and making technical changes; amending s.
   58         348.757, F.S.; providing that upon termination of the
   59         lease-purchase agreement of the former Orlando-Orange
   60         County Expressway System, title in fee simple to the
   61         former system shall be transferred to the state;
   62         conforming terminology and making technical changes;
   63         amending ss. 348.758, 348.759, 348.760, 348.761, and
   64         348.765, F.S.; conforming terminology and making
   65         technical changes; amending s. 369.317, F.S.;
   66         conforming terminology and making technical changes;
   67         amending s. 369.324, F.S.; revising the membership of
   68         the Wekiva River Basin Commission; conforming
   69         terminology; providing criteria for the transfer of
   70         the Osceola County Expressway System to the Central
   71         Florida Expressway Authority; providing for the repeal
   72         of part V of ch. 348, F.S., when the Osceola County
   73         Expressway System is transferred to the Central
   74         Florida Expressway Authority; requiring the Central
   75         Florida Expressway Authority to reimburse other
   76         governmental entities for obligations related to the
   77         Osceola County Expressway System; providing for
   78         reimbursement after payment of other obligations;
   79         providing a directive to the Division of Law Revision
   80         and Information; providing an effective date.
   81          
   82  Be It Enacted by the Legislature of the State of Florida:
   83  
   84         Section 1. Section 348.751, Florida Statutes, is amended to
   85  read:
   86         348.751 Short title.—This part shall be known and may be
   87  cited as the “Central Florida Orlando-Orange County Expressway
   88  Authority Law.”
   89         Section 2. Section 348.752, Florida Statutes, is amended to
   90  read:
   91         348.752 Definitions.—As used in this part The following
   92  terms, whenever used or referred to in this law, shall have the
   93  following meanings, except in those instances where the context
   94  clearly indicates otherwise:
   95         (1) The term “agency of the state” means and includes the
   96  state and any department of, or corporation, agency, or
   97  instrumentality heretofore or hereafter created, designated, or
   98  established by, the state.
   99         (2) The term “authority” means the body politic and
  100  corporate, and agency of the state created by this part.
  101         (3) The term “bonds” means and includes the notes, bonds,
  102  refunding bonds, or other evidences of indebtedness or
  103  obligations, in either temporary or definitive form, which the
  104  authority is authorized to issue pursuant to this part.
  105         (4) The term “Central Florida Expressway Authority” means
  106  the body politic and corporate, and agency of the state created
  107  by this part.
  108         (5) The term “Central Florida Expressway System” means any
  109  expressway and appurtenant facilities, including all approaches,
  110  roads, bridges, and avenues for the expressway and any rapid
  111  transit, trams, or fixed guideways located within the right-of
  112  way of an expressway.
  113         (4) The term “city” means the City of Orlando.
  114         (5) The term “county” means the County of Orange.
  115         (6) The term “department” means the Department of
  116  Transportation existing under chapters 334-339.
  117         (7) The term “expressway” has the same meaning is the same
  118  as limited access expressway.
  119         (8) The term “federal agency” means and includes the United
  120  States, the President of the United States, and any department
  121  of, or corporation, agency, or instrumentality heretofore or
  122  hereafter created, designated, or established by, the United
  123  States.
  124         (9) The term “lease-purchase agreement” means the lease
  125  purchase agreements that which the authority is authorized
  126  pursuant to this part to enter into with the Department of
  127  Transportation pursuant to this part.
  128         (10) The term “limited access expressway” means a street or
  129  highway specifically especially designed for through traffic,
  130  and over, from, or to which, a no person does not shall have the
  131  right of easement, use, or access except in accordance with the
  132  rules of and regulations promulgated and established by the
  133  authority governing its use for the use of such facility. Such
  134  highways or streets may be parkways that do not allow traffic
  135  by, from which trucks, buses, and other commercial vehicles
  136  shall be excluded, or they may be freeways open to use by all
  137  customary forms of street and highway traffic.
  138         (11) The term “members” means the governing body of the
  139  authority, and the term “member” means an individual who serves
  140  on the one of the individuals constituting such governing body
  141  of the authority.
  142         (12) The term “Orange County gasoline tax funds” means all
  143  the revenue derived from the 80-percent surplus gasoline tax
  144  funds accruing in each year to the Department of Transportation
  145  for use in Orange County under the provisions of s. 9, Art. XII
  146  of the State Constitution, after deducting deduction only of any
  147  amounts of said gasoline tax funds previously heretofore pledged
  148  by the department or the county for outstanding obligations.
  149         (13) The term “Orlando-Orange County Expressway System”
  150  means any and all expressways and appurtenant facilities
  151  thereto, including, but not limited to, all approaches, roads,
  152  bridges, and avenues of access for said expressway or
  153  expressways.
  154         (13)(14) The term “State Board of Administration” means the
  155  body corporate existing under the provisions of s. 4, Art. IV of
  156  the State Constitution, or any successor thereto.
  157         (14) The term “transportation facilities” means and
  158  includes the mobile and fixed assets, and the associated real or
  159  personal property or rights, used in the transportation of
  160  persons or property by any means of conveyance, and all
  161  appurtenances, such as, but not limited to, highways; limited or
  162  controlled access lanes, avenues of access, and facilities;
  163  vehicles; fixed guideway facilities, including maintenance
  164  facilities; and administrative and other office space for the
  165  exercise by the authority of the powers and obligations granted
  166  in this part.
  167         (15) Words importing singular number include the plural
  168  number in each case and vice versa, and words importing persons
  169  include firms and corporations.
  170         Section 3. Section 348.753, Florida Statutes, is amended to
  171  read:
  172         348.753 Central Florida Orlando-Orange County Expressway
  173  Authority.—
  174         (1) There is hereby created and established a body politic
  175  and corporate, an agency of the state, to be known as the
  176  Central Florida Orlando-Orange County Expressway Authority.,
  177  hereinafter referred to as “authority.”
  178         (2)(a)Immediately upon the effective date of this act, the
  179  Central Florida Expressway Authority shall assume the governance
  180  and control of the Orlando-Orange County Expressway Authority
  181  System, including its assets, personnel, contracts, obligations,
  182  liabilities, facilities, and tangible and intangible property.
  183  Any rights in such property, and other legal rights of the
  184  authority, are transferred to the Central Florida Expressway
  185  Authority. The Central Florida Expressway Authority shall
  186  immediately succeed to and assume the powers, responsibilities,
  187  and obligations of the Orlando-Orange County Expressway
  188  Authority.
  189         (b) It is the intent of the Legislature that the Central
  190  Florida Expressway Authority, upon its formation, be the
  191  successor party to the Orlando-Orange County Expressway
  192  Authority under the land acquisition contract dated November 11,
  193  2013, and be subject to all terms and provisions, including
  194  conditions precedent and rights of termination, stated in the
  195  contract.
  196         (c) The transfer pursuant to this subsection is subject to
  197  the terms and covenants provided for the protection of the
  198  holders of the Orlando-Orange County Expressway Authority bonds
  199  in the lease-purchase agreement and the resolutions adopted in
  200  connection with the issuance of the bonds. Further, the transfer
  201  does not impair the terms of the contract between the Orlando
  202  Orange County Expressway Authority and the bondholders, does not
  203  act to the detriment of the bondholders, and does not diminish
  204  the security for the bonds. After the transfer, the Central
  205  Florida Expressway Authority shall operate and maintain the
  206  expressway system and any other facilities of the Orlando-Orange
  207  County Expressway Authority in accordance with the terms,
  208  conditions, and covenants contained in the bond resolutions and
  209  lease-purchase agreement securing the bonds of the authority.
  210  The Central Florida Expressway Authority shall collect toll
  211  revenues and apply them to the payment of debt service as
  212  provided in the bond resolution securing the bonds, and shall
  213  expressly assume all obligations relating to the bonds to ensure
  214  that the transfer will have no adverse impact on the security
  215  for the bonds. The transfer does not make the obligation to pay
  216  the principal and interest on the bonds a general liability of
  217  the Central Florida Expressway Authority or pledge additional
  218  expressway system revenues to payment of the bonds. Revenues
  219  that are generated by the expressway system and other facilities
  220  of the Central Florida Expressway Authority which were pledged
  221  by the Orlando-Orange County Expressway Authority to payment of
  222  the bonds will remain subject to the pledge for the benefit of
  223  the bondholders. The transfer does not modify or eliminate any
  224  prior obligation of the department to pay certain costs of the
  225  expressway system from sources other than revenues of the
  226  expressway system.
  227         (3)(2) The governing body of the authority shall consist of
  228  nine five members. The chairs of the boards of the county
  229  commissions of Seminole, Lake, and Osceola Counties shall each
  230  appoint one member, who may be a commission member or chair. The
  231  Mayor of Orange County shall appoint a member from the Orange
  232  County Commission. The Governor shall appoint three citizen
  233  Three members, each of whom must be a citizen of either Orange
  234  County, Seminole County, Lake County, or Osceola County shall be
  235  citizens of Orange County, who shall be appointed by the
  236  Governor. The eighth fourth member must shall be, ex officio,
  237  the Mayor of chair of the County Commissioners of Orange County.
  238  The ninth member must be the Mayor of the City of Orlando. The
  239  executive director of Florida Turnpike Enterprise shall serve as
  240  a nonvoting advisor to the governing body of the authority, and
  241  the fifth member shall be, ex officio, the district secretary of
  242  the Department of Transportation serving in the district that
  243  contains Orange County. The term of Each appointed member
  244  appointed by the Governor shall serve be for 4 years. Each
  245  county-appointed member shall serve for 2 years. The terms of
  246  standing board members expire upon the effective date of this
  247  act. Each appointed member shall hold office until his or her
  248  successor has been appointed and has qualified. A vacancy
  249  occurring during a term must shall be filled only for the
  250  balance of the unexpired term. Each appointed member of the
  251  authority shall be a person of outstanding reputation for
  252  integrity, responsibility, and business ability, but, except as
  253  provided in this subsection, a no person who is an officer or
  254  employee of a municipality or any city or of Orange county may
  255  not in any other capacity shall be an appointed member of the
  256  authority. Any member of the authority is shall be eligible for
  257  reappointment.
  258         (4)(3)(a) The authority shall elect one of its members as
  259  chair of the authority. The authority shall also elect one of
  260  its members as vice chair, one of its members as a secretary,
  261  and one of its members as a treasurer who may or may not be
  262  members of the authority. The chair, vice chair, secretary, and
  263  treasurer shall hold such offices at the will of the authority.
  264  Five Three members of the authority shall constitute a quorum,
  265  and the vote of five three members is shall be necessary for any
  266  action taken by the authority. A No vacancy in the authority
  267  does not shall impair the right of a quorum of the authority to
  268  exercise all of the rights and perform all of the duties of the
  269  authority.
  270         (b) Upon the effective date of his or her appointment, or
  271  as soon thereafter as practicable, each appointed member of the
  272  authority shall enter upon his or her duties. Members of the
  273  authority may be removed from office by the Governor for
  274  misconduct, malfeasance, misfeasance, or nonfeasance in office.
  275         (c) Members of the authority are entitled to receive
  276  reimbursement from the authority for travel and other necessary
  277  expenses incurred in connection with the business of the
  278  authority as provided in s. 112.061, but may not draw salaries
  279  or other compensation.
  280         (5)(4)(a) The authority may employ an executive secretary,
  281  an executive director, its own counsel and legal staff,
  282  technical experts, and the such engineers, and such employees
  283  that, permanent or temporary, as it requires. The authority may
  284  require and may determine the qualifications and fix the
  285  compensation of such persons, firms, or corporations, and may
  286  employ a fiscal agent or agents;, provided, however, that the
  287  authority shall solicit sealed proposals from at least three
  288  persons, firms, or corporations for the performance of any
  289  services as fiscal agents. The authority may delegate to one or
  290  more of its agents or employees the such of its power as it
  291  deems shall deem necessary to carry out the purposes of this
  292  part, subject always to the supervision and control of the
  293  authority. Members of the authority may be removed from their
  294  office by the Governor for misconduct, malfeasance, misfeasance,
  295  or nonfeasance in office.
  296         (b) Members of the authority shall be entitled to receive
  297  from the authority their travel and other necessary expenses
  298  incurred in connection with the business of the authority as
  299  provided in s. 112.061, but they shall draw no salaries or other
  300  compensation.
  301         (6) A member or the executive director of the authority may
  302  not:
  303         (a) Personally represent another person or entity for
  304  compensation before the authority for a period of 2 years
  305  following vacation of his or her position.
  306         (b) After retirement or termination, have an employment or
  307  contractual relationship with a business entity other than an
  308  agency as defined in s. 112.312, in connection with a contract
  309  in which the member or executive director personally and
  310  substantially participated in through decision, approval,
  311  disapproval, recommendation, rendering of advice, or
  312  investigation while he or she was a member or employee of the
  313  authority.
  314         (7) The authority’s general counsel shall serve as the
  315  authority’s ethics officer.
  316         (8) Authority board members, employees, and consultants who
  317  hold positions that may influence authority decisions shall
  318  refrain from engaging in any relationship that may adversely
  319  affect their judgment in carrying out authority business. To
  320  prevent such conflicts of interest and preserve the integrity
  321  and transparency of the authority to the public, the following
  322  disclosures must be made annually on a disclosure form:
  323         (a) Any relationship a board member, employee, or
  324  consultant has which affords a current or future financial
  325  benefit to such board member, employee, or consultant, or to a
  326  relative or business associate of such board member, employee,
  327  or consultant, and which a reasonable person would conclude has
  328  the potential to create a prohibited conflict of interest. As
  329  used in this subsection, the term “relative” has the same
  330  meaning as in s. 112.312.
  331         (b) Whether a relative of a board member, employee, or
  332  consultant is a registered lobbyist, and if so, the names of the
  333  lobbyist’s clients. Such names shall be provided in writing to
  334  the ethics officer.
  335         (c) Any and all interests in real property that a board
  336  member, employee, or consultant has, or that a relative,
  337  principal, client, or business associate of such board member,
  338  employee, or consultant has, if such real property is located
  339  within, or within a one-half mile radius of, any actual or
  340  prospective authority roadway project. The executive director
  341  shall provide a corridor map and a property ownership list
  342  reflecting the ownership of all real property within the
  343  disclosure area, or an alignment map with a list of associated
  344  owners, to all board members, employees, and consultants.
  345         (9) The disclosure forms required under subsection (8) must
  346  be reviewed by the ethics officer or, if a form is filed by the
  347  general counsel, by the executive director.
  348         (10) The conflict of interest process shall be outlined in
  349  the authority’s code of ethics.
  350         (11) Authority employees and consultants are prohibited
  351  from serving on the governing body of the authority while
  352  employed by or under contract with the authority.
  353         (12) The code of ethics policy shall be reviewed and
  354  updated by the ethics officer and presented for board approval
  355  at a minimum of once every 2 years.
  356         (13) Employees shall be adequately informed and trained on
  357  the code of ethics and shall continually participate in ongoing
  358  ethics education.
  359         (14) The requirements in subsections (6) through (13) are
  360  in addition to the requirements that the members and the
  361  executive director of the authority are required to follow under
  362  chapter 112.
  363         (15) Violations of subsections (6), (8), and (11) are
  364  punishable in accordance with s. 112.317.
  365         Section 4. Section 348.754, Florida Statutes, is amended to
  366  read:
  367         348.754 Purposes and powers.—
  368         (1)(a) The authority created and established under by the
  369  provisions of this part is hereby granted and has shall have the
  370  right to acquire, hold, construct, improve, maintain, operate,
  371  own, and lease in the capacity of lessor, the Central Florida
  372  Orlando-Orange County Expressway System, hereinafter referred to
  373  as “system.” Except as otherwise specifically provided by law,
  374  including paragraph (2)(n), the area served by the authority
  375  shall be within the geographical boundaries of Orange, Seminole,
  376  Lake, and Osceola Counties.
  377         (b) It is the express intention of this part that said
  378  authority, In the construction of the Central Florida said
  379  Orlando-Orange County Expressway System, the authority may shall
  380  be authorized to construct any extensions, additions, or
  381  improvements to the said system or appurtenant facilities,
  382  including all necessary approaches, roads, bridges, and avenues
  383  of access, rapid transit, trams, fixed guideways, thoroughfares,
  384  and boulevards with any such changes, modifications, or
  385  revisions of the said project which are as shall be deemed
  386  desirable and proper.
  387         (c) Notwithstanding any other provision of this section to
  388  the contrary, to ensure the continued financial feasibility of
  389  the portion of the Wekiva Parkway to be constructed by the
  390  department, the authority may not, without the prior consent of
  391  the secretary of the department, construct any extensions,
  392  additions, or improvements to the expressway system in Lake
  393  County.
  394         (2) The authority is hereby granted, and shall have and may
  395  exercise all powers necessary, appurtenant, convenient, or
  396  incidental to the implementation carrying out of the stated
  397  aforesaid purposes, including, but not without being limited to,
  398  the following rights and powers:
  399         (a) To sue and be sued, implead and be impleaded, complain
  400  and defend in all courts.
  401         (b) To adopt, use, and alter at will a corporate seal.
  402         (c) To acquire by donation or otherwise, purchase, hold,
  403  lease as lessee, and use any franchise or any, property, real,
  404  personal, or mixed, or tangible or intangible, or any options
  405  thereof in its own name or in conjunction with others, or
  406  interest in those options therein, necessary or desirable to
  407  carry for carrying out the purposes of the authority, and to
  408  sell, lease as lessor, transfer, and dispose of any property or
  409  interest in the property therein at any time acquired by it.
  410         (d) To enter into and make leases for terms not exceeding
  411  99 years, as either lessee or lessor, in order to carry out the
  412  right to lease as specified set forth in this part.
  413         (e) To enter into and make lease-purchase agreements with
  414  the department for terms not exceeding 99 40 years, or until any
  415  bonds secured by a pledge of rentals pursuant to the agreement
  416  thereunder, and any refundings pursuant to the agreement
  417  thereof, are fully paid as to both principal and interest,
  418  whichever is longer. The authority is a party to a lease
  419  purchase agreement between the department and the authority
  420  dated December 23, 1985, as supplemented by a first supplement
  421  to the lease-purchase agreement dated November 25, 1986, and a
  422  second supplement to the lease-purchase agreement dated October
  423  27, 1988. The authority may not enter into other lease-purchase
  424  agreements with the department and may not amend the existing
  425  agreement in a manner that expands or increases the department’s
  426  obligations unless the department determines that the agreement
  427  or amendment is necessary to permit the refunding of bonds
  428  issued before July 1, 2013.
  429         (f) To fix, alter, charge, establish, and collect rates,
  430  fees, rentals, and other charges for the services and facilities
  431  of the Central Florida Orlando-Orange County Expressway System,
  432  which must rates, fees, rentals and other charges shall always
  433  be sufficient to comply with any covenants made with the holders
  434  of any bonds issued pursuant to this part; provided, however,
  435  that such right and power may be assigned or delegated, by the
  436  authority, to the department. Toll revenues attributable to an
  437  increase in the toll rates charged on or after the effective
  438  date of this act for the use of a portion of the system may not
  439  be used to construct or expand a different portion of the system
  440  unless a two-thirds majority of the members of the authority
  441  votes to approve such use. This requirement does not apply if,
  442  and to the extent that:
  443         1. Application of the requirement would violate any
  444  covenant established in a resolution or trust indenture under
  445  which bonds were issued by the Orlando-Orange County Expressway
  446  Authority on or before the effective date of this act; or
  447         2. Application of the requirement would cause the authority
  448  to be unable to meet its obligations under the terms of the
  449  memorandum of understanding between the authority and the
  450  department as ratified by the Orlando-Orange County Expressway
  451  Authority board on February 22, 2012.
  452  
  453  Notwithstanding s. 338.165, and except as otherwise prohibited
  454  by this part, to the extent revenues of the expressway system
  455  exceed amounts required to comply with any covenants made with
  456  the holders of bonds issued pursuant to this part, revenues may
  457  be used for purposes enumerated in subsection (6), provided the
  458  expenditures are consistent with the metropolitan planning
  459  organization’s adopted long-range plan.
  460         (g) To borrow money, make and issue negotiable notes,
  461  bonds, refunding bonds, and other evidences of indebtedness or
  462  obligations, either in temporary or definitive form, hereinafter
  463  in this chapter sometimes called “bonds” of the authority, for
  464  the purpose of financing all or part of the improvement or
  465  extension of the Central Florida Orlando-Orange County
  466  Expressway System, and appurtenant facilities, including all
  467  approaches, streets, roads, bridges, and avenues of access for
  468  the Central Florida said Orlando-Orange County Expressway System
  469  and for any other purpose authorized by this part, said bonds to
  470  mature in not exceeding 40 years from the date of the issuance
  471  thereof, and to secure the payment of such bonds or any part
  472  thereof by a pledge of any or all of its revenues, rates, fees,
  473  rentals, or other charges, including all or any portion of the
  474  Orange County gasoline tax funds received by the authority
  475  pursuant to the terms of any lease-purchase agreement between
  476  the authority and the department; and in general to provide for
  477  the security of the said bonds and the rights and remedies of
  478  the holders thereof. Provided, However, that no portion of the
  479  Orange County gasoline tax funds may shall be pledged for the
  480  construction of any project for which a toll is to be charged
  481  unless the anticipated toll is tolls are reasonably estimated by
  482  the board of county commissioners, at the date of its resolution
  483  pledging the said funds, to be sufficient to cover the principal
  484  and interest of such obligations during the period when the said
  485  pledge of funds is shall be in effect. The bonds issued under
  486  this paragraph must mature not more than 40 years after their
  487  issue date.
  488         1. The authority shall reimburse Orange County for any sums
  489  expended from the said gasoline tax funds used for the payment
  490  of such obligations. Any gasoline tax funds so disbursed must
  491  shall be repaid when the authority deems it practicable,
  492  together with interest at the highest rate applicable to any
  493  obligations of the authority.
  494         2. If, pursuant to this section, In the event the authority
  495  funds shall determine to fund or refunds refund any bonds
  496  previously theretofore issued by the said authority, or the by
  497  said commission before the bonds mature as aforesaid prior to
  498  the maturity thereof, the proceeds of such funding or refunding
  499  must bonds shall, pending the prior redemption of these the
  500  bonds to be funded or refunded, be invested in direct
  501  obligations of the United States, and it is the express
  502  intention of this part that such outstanding bonds may be funded
  503  or refunded by the issuance of bonds pursuant to this part.
  504         (h) To make contracts of every name and nature, including,
  505  but not limited to, partnerships providing for participation in
  506  ownership and revenues, and to execute all instruments necessary
  507  or convenient for conducting the carrying on of its business.
  508         (i) Notwithstanding paragraphs (a)-(h), Without limitation
  509  of the foregoing, to borrow money and accept grants from, and to
  510  enter into contracts, leases, or other transactions with any
  511  federal agency, the state, any agency of the state, the County
  512  of Orange, the City of Orlando, or with any other public body of
  513  the state.
  514         (j) To have the power of eminent domain, including the
  515  procedural powers granted under both chapters 73 and 74.
  516         (k) To pledge, hypothecate, or otherwise encumber all or
  517  any part of the revenues, rates, fees, rentals, or other charges
  518  or receipts of the authority, including all or any portion of
  519  the Orange County gasoline tax funds received by the authority
  520  pursuant to the terms of any lease-purchase agreement between
  521  the authority and the department, as security for all or any of
  522  the obligations of the authority.
  523         (l) To enter into partnership and other agreements
  524  respecting ownership and revenue participation in order to
  525  facilitate financing and constructing the Western Beltway, or
  526  portions thereof.
  527         (m) To do everything all acts and things necessary or
  528  convenient for the conduct of its business and the general
  529  welfare of the authority, in order to comply with carry out the
  530  powers granted to it by this part or any other law.
  531         (n) With the consent of the county within whose
  532  jurisdiction the following activities occur, the authority shall
  533  have the right to construct, operate, and maintain roads,
  534  bridges, avenues of access, transportation facilities,
  535  thoroughfares, and boulevards outside the jurisdictional
  536  boundaries of Orange, Seminole, Lake, and Osceola Counties
  537  County, together with the right to construct, repair, replace,
  538  operate, install, and maintain electronic toll payment systems
  539  thereon, with all necessary and incidental powers to accomplish
  540  the foregoing.
  541         (3) The authority does not shall have the no power at any
  542  time or in any manner to pledge the credit or taxing power of
  543  the state or any political subdivision or agency thereof,
  544  including any city and any county the City of Orlando and the
  545  County of Orange, nor may nor shall any of the authority’s
  546  obligations be deemed to be obligations of the state or of any
  547  political subdivision or agency thereof, nor may nor shall the
  548  state or any political subdivision or agency thereof, except the
  549  authority, be liable for the payment of the principal of or
  550  interest on such obligations.
  551         (4) Anything in this part to the contrary notwithstanding,
  552  acquisition of right-of-way for a project of the authority which
  553  is within the boundaries of any municipality in Orange County
  554  shall not be begun unless and until the route of said project
  555  within said municipality has been given prior approval by the
  556  governing body of said municipality.
  557         (4)(5) The authority has shall have no power other than by
  558  consent of an affected Orange county or any affected city, to
  559  enter into any agreement which would legally prohibit the
  560  construction of a any road by the respective county or city
  561  Orange County or by any city within Orange County.
  562         (5) The authority shall encourage the inclusion of local-,
  563  small-, minority-, and women-owned businesses in its procurement
  564  and contracting opportunities.
  565         (6)(a)The authority may, within the right-of-way of the
  566  expressway system, finance or refinance the planning, design,
  567  acquisition, construction, extension, rehabilitation, equipping,
  568  preservation, maintenance, or improvement of an intermodal
  569  facility or facilities, a multimodal corridor or corridors, or
  570  any programs or projects that will improve the levels of service
  571  on the expressway system Notwithstanding s. 255.05, the Orlando
  572  Orange County Expressway Authority may waive payment and
  573  performance bonds on construction contracts for the construction
  574  of a public building, for the prosecution and completion of a
  575  public work, or for repairs on a public building or public work
  576  that has a cost of $500,000 or less and when the project is
  577  awarded pursuant to an economic development program for the
  578  encouragement of local small businesses that has been adopted by
  579  the governing body of the Orlando-Orange County Expressway
  580  Authority pursuant to a resolution or policy.
  581         (b) The authority’s adopted criteria for participation in
  582  the economic development program for local small businesses
  583  requires that a participant:
  584         1. Be an independent business.
  585         2. Be principally domiciled in the Orange County Standard
  586  Metropolitan Statistical Area.
  587         3. Employ 25 or fewer full-time employees.
  588         4. Have gross annual sales averaging $3 million or less
  589  over the immediately preceding 3 calendar years with regard to
  590  any construction element of the program.
  591         5. Be accepted as a participant in the Orlando-Orange
  592  County Expressway Authority’s microcontracts program or such
  593  other small business program as may be hereinafter enacted by
  594  the Orlando-Orange County Expressway Authority.
  595         6. Participate in an educational curriculum or technical
  596  assistance program for business development that will assist the
  597  small business in becoming eligible for bonding.
  598         (c) The authority’s adopted procedures for waiving payment
  599  and performance bonds on projects with values not less than
  600  $200,000 and not exceeding $500,000 shall provide that payment
  601  and performance bonds may only be waived on projects that have
  602  been set aside to be competitively bid on by participants in an
  603  economic development program for local small businesses. The
  604  authority’s executive director or his or her designee shall
  605  determine whether specific construction projects are suitable
  606  for:
  607         1. Bidding under the authority’s microcontracts program by
  608  registered local small businesses; and
  609         2. Waiver of the payment and performance bond.
  610  
  611  The decision of the authority’s executive director or deputy
  612  executive director to waive the payment and performance bond
  613  shall be based upon his or her investigation and conclusion that
  614  there exists sufficient competition so that the authority
  615  receives a fair price and does not undertake any unusual risk
  616  with respect to such project.
  617         (d) For any contract for which a payment and performance
  618  bond has been waived pursuant to the authority set forth in this
  619  section, the Orlando-Orange County Expressway Authority shall
  620  pay all persons defined in s. 713.01 who furnish labor,
  621  services, or materials for the prosecution of the work provided
  622  for in the contract to the same extent and upon the same
  623  conditions that a surety on the payment bond under s. 255.05
  624  would have been obligated to pay such persons if the payment and
  625  performance bond had not been waived. The authority shall record
  626  notice of this obligation in the manner and location that surety
  627  bonds are recorded. The notice shall include the information
  628  describing the contract that s. 255.05(1) requires be stated on
  629  the front page of the bond. Notwithstanding that s. 255.05(9)
  630  generally applies when a performance and payment bond is
  631  required, s. 255.05(9) shall apply under this subsection to any
  632  contract on which performance or payment bonds are waived and
  633  any claim to payment under this subsection shall be treated as a
  634  contract claim pursuant to s. 255.05(9).
  635         (e) A small business that has been the successful bidder on
  636  six projects for which the payment and performance bond was
  637  waived by the authority pursuant to paragraph (a) shall be
  638  ineligible to bid on additional projects for which the payment
  639  and performance bond is to be waived. The local small business
  640  may continue to participate in other elements of the economic
  641  development program for local small businesses as long as it is
  642  eligible.
  643         (f) The authority shall conduct bond eligibility training
  644  for businesses qualifying for bond waiver under this subsection
  645  to encourage and promote bond eligibility for such businesses.
  646         (g) The authority shall prepare a biennial report on the
  647  activities undertaken pursuant to this subsection to be
  648  submitted to the Orange County legislative delegation. The
  649  initial report shall be due December 31, 2010.
  650         Section 5. Section 348.7543, Florida Statutes, is amended
  651  to read:
  652         348.7543 Improvements, bond financing authority for.
  653  Pursuant to s. 11(f), Art. VII of the State Constitution, the
  654  Legislature hereby approves for bond financing by the Central
  655  Florida Orlando-Orange County Expressway Authority improvements
  656  to toll collection facilities, interchanges to the legislatively
  657  approved expressway system, and any other facility appurtenant,
  658  necessary, or incidental to the approved system. Subject to
  659  terms and conditions of applicable revenue bond resolutions and
  660  covenants, such costs may be financed in whole or in part by
  661  revenue bonds issued pursuant to s. 348.755(1)(a) or (b) whether
  662  currently issued or issued in the future, or by a combination of
  663  such bonds.
  664         Section 6. Section 348.7544, Florida Statutes, is amended
  665  to read:
  666         348.7544 Northwest Beltway Part A, construction authorized;
  667  financing.—Notwithstanding s. 338.2275, the Central Florida
  668  Orlando-Orange County Expressway Authority may is hereby
  669  authorized to construct, finance, operate, own, and maintain
  670  that portion of the Western Beltway known as the Northwest
  671  Beltway Part A, extending from Florida’s Turnpike near Ocoee
  672  north to U.S. 441 near Apopka, as part of the authority’s 20
  673  year capital projects plan. This project may be financed with
  674  any funds available to the authority for such purpose or revenue
  675  bonds issued by the Division of Bond Finance of the State Board
  676  of Administration on behalf of the authority pursuant to s. 11,
  677  Art. VII of the State Constitution and the State Bond Act, ss.
  678  215.57-215.83.
  679         Section 7. Section 348.7545, Florida Statutes, is amended
  680  to read:
  681         348.7545 Western Beltway Part C, construction authorized;
  682  financing.—Notwithstanding s. 338.2275, the Central Florida
  683  Orlando-Orange County Expressway Authority may is authorized to
  684  exercise its condemnation powers, construct, finance, operate,
  685  own, and maintain that portion of the Western Beltway known as
  686  the Western Beltway Part C, extending from Florida’s Turnpike
  687  near Ocoee in Orange County southerly through Orange and Osceola
  688  Counties to an interchange with I-4 near the Osceola-Polk County
  689  line, as part of the authority’s 20-year capital projects plan.
  690  This project may be financed with any funds available to the
  691  authority for such purpose or revenue bonds issued by the
  692  Division of Bond Finance of the State Board of Administration on
  693  behalf of the authority pursuant to s. 11, Art. VII of the State
  694  Constitution and the State Bond Act, ss. 215.57-215.83. This
  695  project may be refinanced with bonds issued by the authority
  696  pursuant to s. 348.755(1)(d).
  697         Section 8. Section 348.7546, Florida Statutes, is amended
  698  to read:
  699         348.7546 Wekiva Parkway, construction authorized;
  700  financing.—
  701         (1) The Central Florida Orlando-Orange County Expressway
  702  Authority may is authorized to exercise its condemnation powers
  703  and to construct, finance, operate, own, and maintain those
  704  portions of the Wekiva Parkway which are identified by agreement
  705  between the authority and the department and which are included
  706  as part of the authority’s long-range capital improvement plan.
  707  The “Wekiva Parkway” means any limited access highway or
  708  expressway constructed between State Road 429 and Interstate 4
  709  specifically incorporating the corridor alignment recommended by
  710  Recommendation 2 of the Wekiva River Basin Area Task Force final
  711  report dated January 15, 2003, and the recommendations of the SR
  712  429 Working Group which were adopted January 16, 2004. This
  713  project may be financed with any funds available to the
  714  authority for such purpose or revenue bonds issued by the
  715  authority under s. 11, Art. VII of the State Constitution and s.
  716  348.755(1)(b). This section does not invalidate the exercise by
  717  the authority of its condemnation powers or the acquisition of
  718  any property for the Wekiva Parkway before July 1, 2012.
  719         (2) Notwithstanding any other provision of law to the
  720  contrary, in order to ensure that funds are available to the
  721  department for its portion of the Wekiva Parkway, beginning July
  722  1, 2012, the authority shall repay the expenditures by the
  723  department for costs of operation and maintenance of the Central
  724  Florida Orlando-Orange County Expressway System in accordance
  725  with the terms of the memorandum of understanding between the
  726  authority and the department as ratified by the authority board
  727  on February 22, 2012, which requires the authority to pay the
  728  department $10 million on July 1, 2012, and $20 million on each
  729  successive July 1 until the department has been fully reimbursed
  730  for all costs of the Central Florida Orlando-Orange County
  731  Expressway System which were paid, advanced, or reimbursed to
  732  the authority by the department, with a final payment in the
  733  amount of the balance remaining. Notwithstanding any other law
  734  to the contrary, the funds paid to the department pursuant to
  735  this subsection must shall be allocated by the department for
  736  construction of the Wekiva Parkway.
  737         (3) The department’s obligation to construct its portions
  738  of the Wekiva Parkway is contingent upon the timely payment by
  739  the authority of the annual payments required of the authority
  740  and receipt of all required environmental permits and approvals
  741  by the Federal Government.
  742         Section 9. Section 348.7547, Florida Statutes, is amended
  743  to read:
  744         348.7547 Maitland Boulevard Extension and Northwest Beltway
  745  Part A Realignment construction authorized; financing.
  746  Notwithstanding s. 338.2275, the Central Florida Orlando-Orange
  747  County Expressway Authority may is hereby authorized to exercise
  748  its condemnation powers, construct, finance, operate, own, and
  749  maintain the portion of State Road 414 known as the Maitland
  750  Boulevard Extension and the realigned portion of the Northwest
  751  Beltway Part A as part of the authority’s long-range capital
  752  improvement plan. The Maitland Boulevard Extension extends will
  753  extend from the current terminus of State Road 414 at U.S. 441
  754  west to State Road 429 in west Orange County. The realigned
  755  portion of the Northwest Beltway Part A runs will run from the
  756  point at or near where the Maitland Boulevard Extension connects
  757  will connect with State Road 429 and proceeds will proceed to
  758  the west and then north resulting in the northern terminus of
  759  State Road 429 moving farther west before reconnecting with U.S.
  760  441. However, under no circumstances may shall the realignment
  761  of the Northwest Beltway Part A conflict with or contradict with
  762  the alignment of the Wekiva Parkway as defined in s. 348.7546.
  763  This project may be financed with any funds available to the
  764  authority for such purpose or revenue bonds issued by the
  765  authority under s. 11, Art. VII of the State Constitution and s.
  766  348.755(1)(b).
  767         Section 10. Subsections (2) and (3) of section 348.755,
  768  Florida Statutes, are amended to read:
  769         348.755 Bonds of the authority.—
  770         (2) Any such resolution that authorizes or resolutions
  771  authorizing any bonds issued under this section hereunder may
  772  contain provisions that must which shall be part of the contract
  773  with the holders of such bonds, relating as to:
  774         (a) The pledging of all or any part of the revenues, rates,
  775  fees, rentals, (including all or any portion of the Orange
  776  County gasoline tax funds received by the authority pursuant to
  777  the terms of any lease-purchase agreement between the authority
  778  and the department, or any part thereof), or other charges or
  779  receipts of the authority, derived by the authority, from the
  780  Central Florida Orlando-Orange County Expressway System.
  781         (b) The completion, improvement, operation, extension,
  782  maintenance, repair, lease or lease-purchase agreement of the
  783  said system, and the duties of the authority and others,
  784  including the department, with reference thereto.
  785         (c) Limitations on the purposes to which the proceeds of
  786  the bonds, then or thereafter to be issued, or of any loan or
  787  grant by the United States or the state may be applied.
  788         (d) The fixing, charging, establishing, and collecting of
  789  rates, fees, rentals, or other charges for use of the services
  790  and facilities of the Central Florida Orlando-Orange County
  791  Expressway System or any part thereof.
  792         (e) The setting aside of reserves or sinking funds or
  793  repair and replacement funds and the regulation and disposition
  794  thereof.
  795         (f) Limitations on the issuance of additional bonds.
  796         (g) The terms and provisions of any lease-purchase
  797  agreement, deed of trust or indenture securing the bonds, or
  798  under which the same may be issued.
  799         (h) Any other or additional agreements with the holders of
  800  the bonds which the authority may deem desirable and proper.
  801         (3) The authority may employ fiscal agents as provided by
  802  this part or the State Board of Administration of Florida may
  803  upon request of the authority act as fiscal agent for the
  804  authority in the issuance of any bonds that which may be issued
  805  pursuant to this part, and the State Board of Administration may
  806  upon request of the authority take over the management, control,
  807  administration, custody, and payment of any or all debt services
  808  or funds or assets now or hereafter available for any bonds
  809  issued pursuant to this part. The authority may enter into any
  810  deeds of trust, indentures or other agreements with its fiscal
  811  agent, or with any bank or trust company within or without the
  812  state, as security for such bonds, and may, under such
  813  agreements, sign and pledge all or any of the revenues, rates,
  814  fees, rentals or other charges or receipts of the authority,
  815  including all or any portion of the Orange County gasoline tax
  816  funds received by the authority pursuant to the terms of any
  817  lease-purchase agreement between the authority and the
  818  department, thereunder. Such deed of trust, indenture, or other
  819  agreement may contain such provisions as are customary in such
  820  instruments, or, as the authority may authorize, including but
  821  without limitation, provisions as to:
  822         (a) The completion, improvement, operation, extension,
  823  maintenance, repair, and lease of, or lease-purchase agreement
  824  relating to the Central Florida Orlando-Orange County Expressway
  825  System, and the duties of the authority and others including the
  826  department, with reference thereto.
  827         (b) The application of funds and the safeguarding of funds
  828  on hand or on deposit.
  829         (c) The rights and remedies of the trustee and the holders
  830  of the bonds.
  831         (d) The terms and provisions of the bonds or the
  832  resolutions authorizing the issuance of same.
  833         Section 11. Subsections (3) and (4) of section 348.756,
  834  Florida Statutes, are amended to read:
  835         348.756 Remedies of the bondholders.—
  836         (3) When a Any trustee is when appointed pursuant to
  837  subsection (1) as aforesaid, or is acting under a deed of trust,
  838  indenture, or other agreement, and whether or not all bonds have
  839  been declared due and payable, the trustee is shall be entitled
  840  as of right to the appointment of a receiver, who may enter upon
  841  and take possession of the Central Florida Orlando-Orange County
  842  Expressway System or the facilities or any part of the system or
  843  facilities or parts thereof, the rates, fees, rentals, or other
  844  revenues, charges, or receipts that from which are, or may be,
  845  applicable to the payment of the bonds so in default, and
  846  subject to and in compliance with the provisions of any lease
  847  purchase agreement between the authority and the department
  848  operate and maintain the same, for and on behalf of and in the
  849  name of, the authority, the department, and the bondholders, and
  850  collect and receive all rates, fees, rentals, and other charges
  851  or receipts or revenues arising therefrom in the same manner as
  852  the authority or the department might do, and shall deposit all
  853  such moneys in a separate account and apply the same in such
  854  manner as the court directs shall direct. In any suit, action,
  855  or proceeding by the trustee, the fees, counsel fees, and
  856  expenses of the trustee, and the said receiver, if any, and all
  857  costs and disbursements allowed by the court must shall be a
  858  first charge on any rates, fees, rentals, or other charges,
  859  revenues, or receipts, derived from the Central Florida Orlando
  860  Orange County Expressway System, or the facilities or services
  861  or any part of the system or facilities or parts thereof,
  862  including payments under any such lease-purchase agreement as
  863  aforesaid which said rates, fees, rentals, or other charges,
  864  revenues, or receipts shall or may be applicable to the payment
  865  of the bonds that are so in default. The Such trustee has shall,
  866  in addition to the foregoing, have and possess all of the powers
  867  necessary or appropriate for the exercise of any functions
  868  specifically set forth in this section herein or incident to the
  869  representation of the bondholders in the enforcement and
  870  protection of their rights.
  871         (4) Nothing in This section or any other section of this
  872  part does not shall authorize any receiver appointed pursuant
  873  hereto for the purpose, subject to and in compliance with the
  874  provisions of any lease-purchase agreement between the authority
  875  and the department, of operating and maintaining the Central
  876  Florida Orlando-Orange County Expressway System or any
  877  facilities or part of the system or facilities or parts thereof,
  878  to sell, assign, mortgage, or otherwise dispose of any of the
  879  assets of whatever kind and character belonging to the
  880  authority. It is the intention of this part to limit The powers
  881  of the such receiver, subject to and in compliance with the
  882  provisions of any lease-purchase agreement between the authority
  883  and the department, are limited to the operation and maintenance
  884  of the Central Florida Orlando-Orange County Expressway System,
  885  or any facility, or part or parts thereof, as the court may
  886  direct, in the name and for and on behalf of the authority, the
  887  department, and the bondholders, and no holder of bonds on the
  888  authority nor any trustee, has shall ever have the right in any
  889  suit, action, or proceeding at law or in equity, to compel a
  890  receiver, nor may shall any receiver be authorized or any court
  891  be empowered to direct the receiver to sell, assign, mortgage,
  892  or otherwise dispose of any assets of whatever kind or character
  893  belonging to the authority.
  894         Section 12. Subsections (1) through (7) of section 348.757,
  895  Florida Statutes, are amended to read:
  896         348.757 Lease-purchase agreement.—
  897         (1) In order to effectuate the purposes of this part and as
  898  authorized by this part, The authority may enter into a lease
  899  purchase agreement with the department relating to and covering
  900  the former Orlando-Orange County Expressway System.
  901         (2) The Such lease-purchase agreement must shall provide
  902  for the leasing of the former Orlando-Orange County Expressway
  903  System, by the authority, as lessor, to the department, as
  904  lessee, must shall prescribe the term of such lease and the
  905  rentals to be paid thereunder, and must shall provide that upon
  906  the completion of the faithful performance thereunder and the
  907  termination of the such lease-purchase agreement, title in fee
  908  simple absolute to the former Orlando-Orange County Expressway
  909  System as then constituted shall be transferred in accordance
  910  with law by the authority, to the state and the authority shall
  911  deliver to the department such deeds and conveyances as shall be
  912  necessary or convenient to vest title in fee simple absolute in
  913  the state.
  914         (3) The Such lease-purchase agreement may include such
  915  other provisions, agreements, and covenants that as the
  916  authority and the department deem advisable or required,
  917  including, but not limited to, provisions as to the bonds to be
  918  issued under, and for the purposes of, this part, the
  919  completion, extension, improvement, operation, and maintenance
  920  of the former Orlando-Orange County Expressway System and the
  921  expenses and the cost of operation of the said authority, the
  922  charging and collection of tolls, rates, fees, and other charges
  923  for the use of the services and facilities of the system
  924  thereof, the application of federal or state grants or aid that
  925  which may be made or given to assist the authority in the
  926  completion, extension, improvement, operation, and maintenance
  927  of the former Orlando-Orange County Orlando Expressway System,
  928  which the authority is hereby authorized to accept and apply to
  929  such purposes, the enforcement of payment and collection of
  930  rentals and any other terms, provisions, or covenants necessary,
  931  incidental, or appurtenant to the making of and full performance
  932  under the such lease-purchase agreement.
  933         (4) The department as lessee under the such lease-purchase
  934  agreement, may is hereby authorized to pay as rentals under the
  935  agreement thereunder any rates, fees, charges, funds, moneys,
  936  receipts, or income accruing to the department from the
  937  operation of the former Orlando-Orange County Expressway System
  938  and the Orange County gasoline tax funds and may also pay as
  939  rentals any appropriations received by the department pursuant
  940  to any act of the Legislature of the state heretofore or
  941  hereafter enacted; provided, however, this part or the that
  942  nothing herein nor in such lease-purchase agreement is not
  943  intended to and does not nor shall this part or such lease
  944  purchase agreement require the making or continuance of such
  945  appropriations, and nor shall any holder of bonds issued
  946  pursuant to this part does not ever have any right to compel the
  947  making or continuance of such appropriations.
  948         (5) A No pledge of the said Orange County gasoline tax
  949  funds as rentals under a such lease-purchase agreement may not
  950  shall be made without the consent of the County of Orange
  951  evidenced by a resolution duly adopted by the board of county
  952  commissioners of said county at a public hearing held pursuant
  953  to due notice thereof published at least once a week for 3
  954  consecutive weeks before the hearing in a newspaper of general
  955  circulation in Orange County. The Said resolution, among other
  956  things, must shall provide that any excess of the said pledged
  957  gasoline tax funds which is not required for debt service or
  958  reserves for the such debt service for any bonds issued by the
  959  said authority shall be returned annually to the department for
  960  distribution to Orange County as provided by law. Before making
  961  any application for a such pledge of gasoline tax funds, the
  962  authority shall present the plan of its proposed project to the
  963  Orange County planning and zoning commission for its comments
  964  and recommendations.
  965         (6) The Said department may shall have power to covenant in
  966  any lease-purchase agreement that it will pay all or any part of
  967  the cost of the operation, maintenance, repair, renewal, and
  968  replacement of the said system, and any part of the cost of
  969  completing the said system to the extent that the proceeds of
  970  bonds issued therefor are insufficient, from sources other than
  971  the revenues derived from the operation of the said system and
  972  the said Orange County gasoline tax funds. The said department
  973  may also agree to make such other payments from any moneys
  974  available to the said commission, the said county, or the said
  975  city in connection with the construction or completion of the
  976  said system as shall be deemed by the said department to be fair
  977  and proper under any such covenants heretofore or hereafter
  978  entered into.
  979         (7) The said system must shall be a part of the state road
  980  system and the said department may is hereby authorized, upon
  981  the request of the authority, to expend out of any funds
  982  available for the purpose the such moneys, and to use such of
  983  its engineering and other forces, as may be necessary and
  984  desirable in the judgment of said department, for the operation
  985  of the said authority and for traffic surveys, borings, surveys,
  986  preparation of plans and specifications, estimates of cost, and
  987  other preliminary engineering and other studies; provided,
  988  however, that the aggregate amount of moneys expended for the
  989  said purposes by the said department do shall not exceed the sum
  990  of $375,000.
  991         Section 13. Section 348.758, Florida Statutes, is amended
  992  to read:
  993         348.758 Appointment of department as may be appointed agent
  994  of authority for construction.—The department may be appointed
  995  by the said authority as its agent for the purpose of
  996  constructing improvements and extensions to the Central Florida
  997  Orlando-Orange County Expressway System and for its the
  998  completion thereof. In such event, the authority shall provide
  999  the department with complete copies of all documents,
 1000  agreements, resolutions, contracts, and instruments relating
 1001  thereto and shall request the department to do such construction
 1002  work, including the planning, surveying, and actual construction
 1003  of the completion, extensions, and improvements to the Central
 1004  Florida Orlando-Orange County Expressway System and shall
 1005  transfer to the credit of an account of the department in the
 1006  State Treasury of the state the necessary funds, therefor and
 1007  the department may shall thereupon be authorized, empowered and
 1008  directed to proceed with such construction and to use the said
 1009  funds for such purpose in the same manner that it is now
 1010  authorized to use the funds otherwise provided by law for the
 1011  its use in construction of roads and bridges.
 1012         Section 14. Section 348.759, Florida Statutes, is amended
 1013  to read:
 1014         348.759 Acquisition of lands and property.—
 1015         (1) For the purposes of this part, the Central Florida
 1016  Orlando-Orange County Expressway Authority may acquire private
 1017  or public property and property rights, including rights of
 1018  access, air, view, and light, by gift, devise, purchase, or
 1019  condemnation by eminent domain proceedings, as the authority
 1020  deems may deem necessary for any of the purposes of this part,
 1021  including, but not limited to, any lands reasonably necessary
 1022  for securing applicable permits, areas necessary for management
 1023  of access, borrow pits, drainage ditches, water retention areas,
 1024  rest areas, replacement access for landowners whose access is
 1025  impaired due to the construction of a facility, and replacement
 1026  rights-of-way for relocated rail and utility facilities; for
 1027  existing, proposed, or anticipated transportation facilities on
 1028  the Central Florida Orlando-Orange County Expressway System or
 1029  in a transportation corridor designated by the authority; or for
 1030  the purposes of screening, relocation, removal, or disposal of
 1031  junkyards and scrap metal processing facilities. The authority
 1032  may shall also have the power to condemn any material and
 1033  property necessary for such purposes.
 1034         (2) The right of eminent domain herein conferred shall be
 1035  exercised by the authority shall exercise the right of eminent
 1036  domain in the manner provided by law.
 1037         (3) When the authority acquires property for a
 1038  transportation facility or in a transportation corridor, it is
 1039  not subject to any liability imposed by chapter 376 or chapter
 1040  403 for preexisting soil or groundwater contamination due solely
 1041  to its ownership. This section does not affect the rights or
 1042  liabilities of any past or future owners of the acquired
 1043  property and nor does not it affect the liability of any
 1044  governmental entity for the results of its actions which create
 1045  or exacerbate a pollution source. The authority and the
 1046  Department of Environmental Protection may enter into
 1047  interagency agreements for the performance, funding, and
 1048  reimbursement of the investigative and remedial acts necessary
 1049  for property acquired by the authority.
 1050         Section 15. Section 348.760, Florida Statutes, is amended
 1051  to read:
 1052         348.760 Cooperation with other units, boards, agencies, and
 1053  individuals.—A Express authority and power is hereby given and
 1054  granted any county, municipality, drainage district, road and
 1055  bridge district, school district or any other political
 1056  subdivision, board, commission, or individual in, or of, the
 1057  state may to make and enter into with the authority, contracts,
 1058  leases, conveyances, partnerships, or other agreements pursuant
 1059  to within the provisions and purposes of this part. The
 1060  authority may is hereby expressly authorized to make and enter
 1061  into contracts, leases, conveyances, partnerships, and other
 1062  agreements with any political subdivision, agency, or
 1063  instrumentality of the state and any and all federal agencies,
 1064  corporations, and individuals, for the purpose of carrying out
 1065  the provisions of this part or with the consent of the Seminole
 1066  County Expressway Authority, for the purpose of carrying out and
 1067  implementing part VIII of this chapter.
 1068         Section 16. Section 348.761, Florida Statutes, is amended
 1069  to read:
 1070         348.761 Covenant of the state.—The state pledges does
 1071  hereby pledge to, and agrees, with any person, firm or
 1072  corporation, or federal or state agency subscribing to, or
 1073  acquiring the bonds to be issued by the authority for the
 1074  purposes of this part that the state will not limit or alter the
 1075  rights that are hereby vested in the authority and the
 1076  department until all issued bonds and interest at any time
 1077  issued, together with the interest thereon, are fully paid and
 1078  discharged insofar as the pledge same affects the rights of the
 1079  holders of bonds issued pursuant to this part hereunder. The
 1080  state does further pledge to, and agree, with the United States
 1081  that in the event any federal agency constructs or contributes
 1082  shall construct or contribute any funds for the completion,
 1083  extension, or improvement of the Central Florida Orlando-Orange
 1084  County Expressway System, or any part or portion of the system
 1085  thereof, the state will not alter or limit the rights and powers
 1086  of the authority and the department in any manner that which
 1087  would be inconsistent with the continued maintenance and
 1088  operation of the Central Florida Orlando-Orange County
 1089  Expressway System or the completion, extension, or improvement
 1090  of the system thereof, or that which would be inconsistent with
 1091  the due performance of any agreements between the authority and
 1092  any such federal agency, and the authority and the department
 1093  shall continue to have and may exercise all powers herein
 1094  granted in this part, so long as the powers are same shall be
 1095  necessary or desirable for the carrying out of the purposes of
 1096  this part and the purposes of the United States in the
 1097  completion, extension, or improvement of the Central Florida
 1098  Orlando-Orange County Expressway System, or any part of the
 1099  system or portion thereof.
 1100         Section 17. Section 348.765, Florida Statutes, is amended
 1101  to read:
 1102         348.765 This part complete and additional authority.—
 1103         (1) The powers conferred by this part are shall be in
 1104  addition and supplemental to the existing powers of the said
 1105  board and the department, and this part may shall not be
 1106  construed as repealing any of the provisions, of any other law,
 1107  general, special, or local, but to supersede such other laws in
 1108  the exercise of the powers provided in this part, and to provide
 1109  a complete method for the exercise of the powers granted in this
 1110  part. The extension and improvement of the Central Florida said
 1111  Orlando-Orange County Expressway System, and the issuance of
 1112  bonds pursuant to this part hereunder to finance all or part of
 1113  the cost of the system thereof, may be accomplished upon
 1114  compliance with the provisions of this part without regard to or
 1115  necessity for compliance with the provisions, limitations, or
 1116  restrictions contained in any other general, special, or local
 1117  law, including, but not limited to, s. 215.821, and no approval
 1118  of any bonds issued under this part by the qualified electors or
 1119  qualified electors who are freeholders in the state or in the
 1120  said County of Orange, or in the said City of Orlando, or in any
 1121  other political subdivision of the state, is shall be required
 1122  for the issuance of such bonds pursuant to this part.
 1123         (2) This part does shall not be deemed to repeal, rescind,
 1124  or modify any other law or laws relating to the said State Board
 1125  of Administration, the said Department of Transportation, or the
 1126  Division of Bond Finance of the State Board of Administration,
 1127  but supersedes any shall be deemed to and shall supersede such
 1128  other law that is or laws as are inconsistent with the
 1129  provisions of this part, including, but not limited to, s.
 1130  215.821.
 1131         Section 18. Subsections (6) and (7) of section 369.317,
 1132  Florida Statutes, are amended to read:
 1133         369.317 Wekiva Parkway.—
 1134         (6) The Central Florida Orlando-Orange County Expressway
 1135  Authority is hereby granted the authority to act as a third
 1136  party acquisition agent, pursuant to s. 259.041 on behalf of the
 1137  Board of Trustees or chapter 373 on behalf of the governing
 1138  board of the St. Johns River Water Management District, for the
 1139  acquisition of all necessary lands, property and all interests
 1140  in property identified herein, including fee simple or less
 1141  than-fee simple interests. The lands subject to this authority
 1142  are identified in paragraph 10.a., State of Florida, Office of
 1143  the Governor, Executive Order 03-112 of July 1, 2003, and in
 1144  Recommendation 16 of the Wekiva Basin Area Task Force created by
 1145  Executive Order 2002-259, such lands otherwise known as
 1146  Neighborhood Lakes, a 1,587+/-acre parcel located in Orange and
 1147  Lake Counties within Sections 27, 28, 33, and 34 of Township 19
 1148  South, Range 28 East, and Sections 3, 4, 5, and 9 of Township 20
 1149  South, Range 28 East; Seminole Woods/Swamp, a 5,353+/-acre
 1150  parcel located in Lake County within Section 37, Township 19
 1151  South, Range 28 East; New Garden Coal; a 1,605+/-acre parcel in
 1152  Lake County within Sections 23, 25, 26, 35, and 36, Township 19
 1153  South, Range 28 East; Pine Plantation, a 617+/-acre tract
 1154  consisting of eight individual parcels within the Apopka City
 1155  limits. The Department of Transportation, the Department of
 1156  Environmental Protection, the St. Johns River Water Management
 1157  District, and other land acquisition entities shall participate
 1158  and cooperate in providing information and support to the third
 1159  party acquisition agent. The land acquisition process authorized
 1160  by this paragraph shall begin no later than December 31, 2004.
 1161  Acquisition of the properties identified as Neighborhood Lakes,
 1162  Pine Plantation, and New Garden Coal, or approval as a
 1163  mitigation bank shall be concluded no later than December 31,
 1164  2010. Department of Transportation and Central Florida Orlando
 1165  Orange County Expressway Authority funds expended to purchase an
 1166  interest in those lands identified in this subsection shall be
 1167  eligible as environmental mitigation for road construction
 1168  related impacts in the Wekiva Study Area. If any of the lands
 1169  identified in this subsection are used as environmental
 1170  mitigation for road-construction-related impacts incurred by the
 1171  Department of Transportation or Central Florida Orlando-Orange
 1172  County Expressway Authority, or for other impacts incurred by
 1173  other entities, within the Wekiva Study Area or within the
 1174  Wekiva parkway alignment corridor, and if the mitigation offsets
 1175  these impacts, the St. Johns River Water Management District and
 1176  the Department of Environmental Protection shall consider the
 1177  activity regulated under part IV of chapter 373 to meet the
 1178  cumulative impact requirements of s. 373.414(8)(a).
 1179         (a) Acquisition of the land described in this section is
 1180  required to provide right-of-way for the Wekiva Parkway, a
 1181  limited access roadway linking State Road 429 to Interstate 4,
 1182  an essential component in meeting regional transportation needs
 1183  to provide regional connectivity, improve safety, accommodate
 1184  projected population and economic growth, and satisfy critical
 1185  transportation requirements caused by increased traffic volume
 1186  growth and travel demands.
 1187         (b) Acquisition of the lands described in this section is
 1188  also required to protect the surface water and groundwater
 1189  resources of Lake, Orange, and Seminole counties, otherwise
 1190  known as the Wekiva Study Area, including recharge within the
 1191  springshed that provides for the Wekiva River system. Protection
 1192  of this area is crucial to the long term viability of the Wekiva
 1193  River and springs and the central Florida region’s water supply.
 1194  Acquisition of the lands described in this section is also
 1195  necessary to alleviate pressure from growth and development
 1196  affecting the surface and groundwater resources within the
 1197  recharge area.
 1198         (c) Lands acquired pursuant to this section that are needed
 1199  for transportation facilities for the Wekiva Parkway shall be
 1200  determined not necessary for conservation purposes pursuant to
 1201  ss. 253.034(6) and 373.089(5) and shall be transferred to or
 1202  retained by the Central Florida Orlando-Orange County Expressway
 1203  Authority or the Department of Transportation upon reimbursement
 1204  of the full purchase price and acquisition costs.
 1205         (7) The Department of Transportation, the Department of
 1206  Environmental Protection, the St. Johns River Water Management
 1207  District, Central Florida Orlando-Orange County Expressway
 1208  Authority, and other land acquisition entities shall cooperate
 1209  and establish funding responsibilities and partnerships by
 1210  agreement to the extent funds are available to the various
 1211  entities. Properties acquired with Florida Forever funds shall
 1212  be in accordance with s. 259.041 or chapter 373. The Central
 1213  Florida Orlando-Orange County Expressway Authority shall acquire
 1214  land in accordance with this section of law to the extent funds
 1215  are available from the various funding partners, but shall not
 1216  be required nor assumed to fund the land acquisition beyond the
 1217  agreement and funding provided by the various land acquisition
 1218  entities.
 1219         Section 19. Subsection (1) of section 369.324, Florida
 1220  Statutes, is amended to read:
 1221         369.324 Wekiva River Basin Commission.—
 1222         (1) The Wekiva River Basin Commission is created to monitor
 1223  and ensure the implementation of the recommendations of the
 1224  Wekiva River Basin Coordinating Committee for the Wekiva Study
 1225  Area. The East Central Florida Regional Planning Council shall
 1226  provide staff support to the commission with funding assistance
 1227  from the Department of Economic Opportunity. The commission
 1228  shall be comprised of a total of 18 19 members appointed by the
 1229  Governor, 9 of whom shall be voting members and 9 10 shall be ad
 1230  hoc nonvoting members. The voting members shall include:
 1231         (a) One member of each of the Boards of County
 1232  Commissioners for Lake, Orange, and Seminole Counties.
 1233         (b) One municipal elected official to serve as a
 1234  representative of the municipalities located within the Wekiva
 1235  Study Area of Lake County.
 1236         (c) One municipal elected official to serve as a
 1237  representative of the municipalities located within the Wekiva
 1238  Study Area of Orange County.
 1239         (d) One municipal elected official to serve as a
 1240  representative of the municipalities located within the Wekiva
 1241  Study Area of Seminole County.
 1242         (e) One citizen representing an environmental or
 1243  conservation organization, one citizen representing a local
 1244  property owner, a land developer, or an agricultural entity, and
 1245  one at-large citizen who shall serve as chair of the council.
 1246         (f) The ad hoc nonvoting members shall include one
 1247  representative from each of the following entities:
 1248         1. St. Johns River Management District.
 1249         2. Department of Economic Opportunity.
 1250         3. Department of Environmental Protection.
 1251         4. Department of Health.
 1252         5. Department of Agriculture and Consumer Services.
 1253         6. Fish and Wildlife Conservation Commission.
 1254         7. Department of Transportation.
 1255         8. MetroPlan Orlando.
 1256         9. Central Florida Orlando-Orange County Expressway
 1257  Authority.
 1258         10. Seminole County Expressway Authority.
 1259         Section 20. (1) Effective upon this act becoming a law, the
 1260  Osceola County Expressway Authority may only exercise its powers
 1261  for the purpose of studying, planning, designing, financing,
 1262  constructing, operating, and maintaining those projects
 1263  identified in the Osceola County Expressway Authority May 8,
 1264  2012, Master Plan, as adopted on such date, and an additional
 1265  extension of the Osceola Parkway Extension 2 miles to the east
 1266  of its intersection with the Northeast Connector Expressway.
 1267  Effective December 31, 2018, all powers, governance, and control
 1268  of the Osceola County Expressway System, created pursuant to
 1269  part V of chapter 348, Florida Statutes, are transferred to the
 1270  Central Florida Expressway Authority, and the assets,
 1271  liabilities, facilities, tangible and intangible property and
 1272  any rights in the property, and any other legal rights of the
 1273  Osceola County Expressway Authority are transferred to the
 1274  Central Florida Expressway Authority. Upon transfer, the Osceola
 1275  County Expressway System facilities shall each be a “non-system
 1276  project” of the Central Florida Expressway Authority, as that
 1277  term is defined in the then-current master senior lien bond
 1278  resolution of the Central Florida Expressway Authority. The
 1279  effective date of such transfer shall be extended until the date
 1280  on which the current and forecasted total debt service coverage
 1281  ratio with respect to all bonds, notes, loans, and other debt
 1282  obligations issued to finance such projects to be transferred
 1283  can be and is calculated and certified by the financial advisor
 1284  for the Central Florida Expressway Authority to be equal to or
 1285  greater than 1.5 for each and every year during which such
 1286  obligations are then scheduled to be outstanding, including
 1287  scheduled reimbursement obligations to other governmental
 1288  entities. The debt service coverage ratio shall be calculated in
 1289  a manner consistent with the then-current master senior lien
 1290  bond resolution of the Central Florida Expressway Authority. If
 1291  the effective date of the transfer is extended, after December
 1292  31, 2018, the Osceola County Expressway Authority may only
 1293  exercise its powers through a contract or contracts with another
 1294  governmental entity and only for the purpose of operating and
 1295  maintaining those projects which were completed before such
 1296  date, in accordance with the requirements of any agreement,
 1297  resolution, or indenture under which bonds or other debt
 1298  obligations were issued to finance such projects, and completing
 1299  construction of those projects for which financing of the full
 1300  estimated costs of acquisition, design, and construction was
 1301  obtained and construction began before December 31, 2018.
 1302         (2) Part V of chapter 348, Florida Statutes, consisting of
 1303  ss. 348.9950, 348.9951, 348.9952, 348.9953, 348.9954, 348.9956,
 1304  348.9957, 348.9958, 348.9959, 348.9960, and 348.9961, is
 1305  repealed on the same date that the Osceola County Expressway
 1306  System is transferred to the Central Florida Expressway
 1307  Authority.
 1308         (3)(a) Following the repeal of part V of chapter 348,
 1309  Florida Statutes, consisting of sections 348.9950–348.9961, and
 1310  the transfer of the Osceola County Expressway System to the
 1311  Central Florida Expressway Authority, the Central Florida
 1312  Expressway Authority shall include the uncompleted elements of
 1313  the Osceola County Expressway Authority May 8, 2012, Master
 1314  Plan, as adopted on such date, and an additional extension of
 1315  the Osceola Parkway Extension 2 miles to the east of its
 1316  intersection with the Northeast Connector Expressway, in the
 1317  equivalent Central Florida Expressway Authority master plan or
 1318  long-range plan, each as a “non-system project” of the Central
 1319  Florida Expressway Authority, as that term is defined in the
 1320  then-current master senior lien bond resolution of the Central
 1321  Florida Expressway Authority.
 1322         (b) The Department of Transportation shall also include
 1323  elements of the Osceola County Expressway Authority May 8, 2012,
 1324  Master Plan, as adopted on such date, and an additional
 1325  extension of the Osceola Parkway Extension 2 miles to the east
 1326  of its intersection with the Northeast Connector Expressway, in
 1327  its work program in accordance with s. 339.135, Florida
 1328  Statutes, as tolled facilities.
 1329         (4) The Central Florida Expressway Authority shall comply
 1330  with any and all obligations of the Osceola County Expressway
 1331  Authority to reimburse other governmental entities for costs
 1332  incurred on behalf of the Osceola County Expressway System from
 1333  revenues of the Osceola County Expressway System available after
 1334  payment of all amounts required for operation and maintenance of
 1335  the Osceola County Expressway System and all amounts required to
 1336  be paid under the terms of any resolution authorizing the
 1337  issuance of bonds to fund the acquisition, design, or
 1338  construction of any portion of the Osceola County Expressway
 1339  System. This reimbursement obligation specifically includes, but
 1340  is not limited to, any obligation of the Osceola County
 1341  Expressway Authority to reimburse Osceola County and Polk County
 1342  for costs incurred, or debt issued, to fund the acquisition,
 1343  development, construction, operation, and maintenance of the
 1344  Osceola County Expressway System. The transfer of any
 1345  reimbursement obligation of the Osceola County Expressway
 1346  Authority pursuant to this section does not alter the terms of
 1347  any agreement between the Osceola County Expressway Authority
 1348  and any other governmental entity, does not relieve any other
 1349  governmental entity of its contractual obligations incurred on
 1350  behalf of the Osceola County Expressway System, does not make
 1351  any reimbursement obligation a general obligation of the Central
 1352  Florida Expressway Authority, and does not constitute an
 1353  independent pledge or lien on revenues of the Central Florida
 1354  Expressway Authority for the benefit of any person or entity. To
 1355  the extent that revenues generated by the Osceola County
 1356  Expressway System are insufficient to pay a reimbursement
 1357  obligation, the Central Florida Expressway Authority may, but is
 1358  not required to, make any payment from other revenues of the
 1359  Central Florida Expressway System available for such purpose
 1360  after payment of all amounts required:
 1361         (a) Otherwise by law or contract;
 1362         (b) By the terms of any resolution authorizing the issuance
 1363  of bonds by the Central Florida Expressway Authority or the
 1364  Orlando-Orange County Expressway Authority; and
 1365         (c) By the terms of the memorandum of understanding between
 1366  the Orlando-Orange County Expressway Authority and the
 1367  department as ratified by the board of the Orlando-Orange County
 1368  Expressway Authority on February 22, 2012.
 1369         (5) Revenues generated by the Osceola County Expressway
 1370  System May 8, 2012, Master Plan facilities available after
 1371  payment of all current operation, maintenance, and
 1372  administrative expenses of the Osceola County Expressway System;
 1373  payment of debt service on any bonds, notes, loans, or other
 1374  obligations issued and used to finance the costs of design,
 1375  acquisition, and construction of such facilities; and payment of
 1376  all other amounts required by the terms of any trust agreement
 1377  or indenture established with respect thereto shall be used:
 1378         (a) On a pro rata basis to repay or reimburse in full
 1379  Osceola County or any other local agency any funds or amounts
 1380  loaned to the Osceola County Expressway Authority to complete
 1381  any such projects and to repay or reimburse in full the Central
 1382  Florida Expressway Authority for any funds or amounts
 1383  contributed to such projects; and
 1384         (b) Thereafter, to advance any other uncompleted elements
 1385  of the Osceola County Expressway Authority May 8, 2012, Master
 1386  Plan, and an additional extension of the Osceola Parkway
 1387  Extension 2 miles to the east of its intersection with the
 1388  Northeast Connector Expressway.
 1389         (6) The Central Florida Expressway Authority shall have no
 1390  obligation to financially support any elements of the Osceola
 1391  County Expressway Authority May 8, 2012, Master Plan, or the
 1392  additional extension of the Osceola Parkway Extension 2 miles to
 1393  the east of its intersection with the Northeast Connector
 1394  Expressway, from revenues of the Central Florida Expressway
 1395  Authority’s Expressway System. To the extent the governing board
 1396  of the Central Florida Expressway Authority, in its sole
 1397  discretion, votes to financially support any elements of the
 1398  Osceola County Expressway Authority May 8, 2012, Master Plan, or
 1399  the additional extension of the Osceola Parkway Extension 2
 1400  miles to the east of its intersection with the Northeast
 1401  Connector Expressway, it must treat any such element as a “non
 1402  system project” and shall only finance such element from
 1403  revenues of the Central Florida Expressway Authority’s
 1404  Expressway System to the extent permitted by and in accordance
 1405  with the terms of any resolution authorizing the issuance of
 1406  bonds by the Central Florida Expressway Authority. For the
 1407  purpose of advancing the design, acquisition, and construction
 1408  of the elements of the Osceola County Expressway Authority May
 1409  8, 2012, Master Plan, and an additional extension of the Osceola
 1410  Parkway Extension 2 miles to the east of its intersection with
 1411  the Northeast Connector Expressway, the Central Florida
 1412  Expressway Authority is specifically authorized to enter into
 1413  new or amended lease-purchase agreements with Osceola County for
 1414  the leasing, construction, operation, and maintenance of any
 1415  facility described in the Osceola County Expressway Authority
 1416  May 8, 2012, Master Plan, and an additional extension of the
 1417  Osceola Parkway Extension 2 miles to the east of its
 1418  intersection with the Northeast Connector Expressway.
 1419         (7) In recognition of the strategic economic importance of
 1420  enhanced mobility in the region served by the Osceola County
 1421  Expressway Authority, the Department of Transportation shall
 1422  cooperate with the Osceola County Expressway Authority, the
 1423  Central Florida Expressway Authority, and Osceola County in
 1424  working to identify solutions to potential barriers to
 1425  implementation of the projects included in the Osceola County
 1426  Expressway Authority May 8, 2012, Master Plan, and an additional
 1427  extension of the Osceola Parkway Extension 2 miles to the east
 1428  of its intersection with the Northeast Connector Expressway,
 1429  including funding sources and revenues that may be available for
 1430  implementation of those improvements.
 1431         Section 21. The Division of Law Revision and Information is
 1432  directed to replace the phrase “the effective date of this act”
 1433  wherever it occurs in this act with the date the act becomes a
 1434  law.
 1435         Section 22. This act shall take effect upon becoming a law.