Florida Senate - 2014                        COMMITTEE AMENDMENT
       Bill No. SB 510
       
       
       
       
       
       
                                Ì263722ÉÎ263722                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  03/21/2014           .                                
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       recommended the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 25 - 42
    4  and insert:
    5         (i) May authorize the district to borrow money, contract
    6  loans, and issue bonds, certificates, warrants, notes, or other
    7  evidence of indebtedness to finance the undertaking of a capital
    8  project for a purpose permitted by the State Constitution and
    9  this part, and to pledge the special assessment power of the
   10  district for the payment of such debts and bonds.
   11         1. Loans contracted by the district pursuant to this
   12  paragraph may not have a term that exceeds the life of the
   13  project secured by the loan.
   14         2. Bonds issued by the district pursuant to this paragraph
   15  must be authorized by resolution of the board, by resolution of
   16  the governing body of the municipality or county, and by a
   17  referendum as described in s. 163.514(16). As provided by
   18  resolution or trust indenture, or a
   19  
   20  ================= T I T L E  A M E N D M E N T ================
   21  And the title is amended as follows:
   22         Delete lines 7 - 9
   23  and insert:
   24         pledge the special assessment power of the district to
   25         pay such debts for the purpose of financing certain
   26         capital projects; providing