Florida Senate - 2015                        COMMITTEE AMENDMENT
       Bill No. CS for SB 1024
       
       
       
       
       
       
                                Ì616102fÎ616102                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  04/09/2015           .                                
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       The Committee on Fiscal Policy (Hays) recommended the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Between lines 75 and 76
    4  insert:
    5         Section 3. Paragraph (e) of subsection (2) of section
    6  348.754, Florida Statutes, is amended to read:
    7         348.754 Purposes and powers.—
    8         (2) The authority may exercise all powers necessary,
    9  appurtenant, convenient, or incidental to the implementation of
   10  the stated purposes, including, but not limited to, the
   11  following rights and powers:
   12         (e) To enter into and make lease-purchase agreements with
   13  the department for terms not exceeding 99 years, or until any
   14  bonds secured by a pledge of rentals pursuant to the agreement,
   15  and any refundings pursuant to the agreement, are fully paid as
   16  to both principal and interest, whichever is longer. The
   17  authority is a party to a lease-purchase agreement between the
   18  department and the Orlando-Orange County Expressway Authority
   19  dated December 23, 1985, as supplemented by a first supplement
   20  to the lease-purchase agreement dated November 25, 1986, and a
   21  second supplement to the lease-purchase agreement dated October
   22  27, 1988. The authority may not enter into other lease-purchase
   23  agreements with the department and may not amend the existing
   24  agreement in a manner that expands or increases the department’s
   25  obligations unless the department determines that the agreement
   26  or amendment is necessary to permit the refunding of bonds
   27  issued before July 1, 2013.
   28         Section 4. Part III of chapter 348, Florida Statutes,
   29  consisting of sections 348.751-348.765, is retitled “Central
   30  Florida Expressway Authority.”
   31  
   32  ================= T I T L E  A M E N D M E N T ================
   33  And the title is amended as follows:
   34         Delete line 16
   35  and insert:
   36         of a specified lease-purchase agreement; amending s.
   37         348.754, F.S.; specifying that the Central Florida
   38         Expressway Authority is a party to a certain lease
   39         purchase agreement between the department and the
   40         Orlando-Orange County Expressway Authority;revising
   41         the title of part III of chapter 348, F.S.; providing
   42         an