995065
GENERAL APPROPRIATIONS BILL Committee Amendment
SB2500 AGG 15
Senator(s) Altman and Soto moved the following amendment:
Section: 05 EXPLANATION:
On Page: 216 Authorizes $222,562,060 in bond proceeds from the
Florida Forever Trust Fund for land acquisition in
Spec App: 1531 the Florida Forever program. Also provides
$22,256,206 from the Land Acquisition Trust Fund to
support the annual debt service payments for the
issuance of the bonds.
NET IMPACT ON: Total Funds General Revenue Trust Funds
Recurring - 22,256,206 0 22,256,206
Non-Recurring - 178,049,648 0 178,049,648
______________________________________________________________________________________
Positions & Amount Positions & Amount
DELETE INSERT
ENVIRONMENTAL PROTECTION, DEPARTMENT OF
Program: State Lands
Land Administration And Management 37100400
In Section 05 On Page 216
1531 Special Categories 109983
Transfer To Florida Forever Trust Fund IOEH
2423 Land Acquisition Trust Fund 48,870,979 26,614,773
CA -22,256,206 FSI1NR -22,256,206
1533 Fixed Capital Outlay 084108
Land Acquisition, Environmentally
Endangered, Unique/ Irreplaceable Lands,
Statewide IOEJ
2348 Florida Forever Trust Fund 22,256,206 222,562,060
CA 200,305,854 FSI1NR 200,305,854
DELETE the proviso immediately following Specific Appropriation 1533:
AND INSERT:
Funds in Specific Appropriation 1533 are provided for land acquisition
pursuant to section 259.105(3)(m), Florida Statutes.
995065 Log:0010 JAH/JAH 02/10/16 11:17:57 AM Senate Page: 1
In Section 5 On Page 000
1533A Fixed Capital Outlay 081117
Debt Service - Florida Forever Bonds -
New Series IOEN
2423 Land Acquisition Trust Fund 22,256,206
CA 22,256,206 FSI1 22,256,206
Immediately following Specific Appropriation 1533A, INSERT:
Funds provided in Specific Appropriation 1533A are for Fiscal Year
2016-2017 debt service on new bonds authorized pursuant to section
215.618, Florida Statutes, including any other continuing payments
necessary or incidental to the repayment of the bonds, such as
remarketing agent fees, tender agent fees, liquidity facility provider
fees and similar fees and expenses. These funds may be used to refinance
any or all series if it is in the best interest of the state as
determined by the Division of Bond Finance. If the debt service varies
as a result of a change in the interest rate, timing of issuance, or
other circumstances, there is appropriated from the Land Acquisition
Trust Fund an amount sufficient to pay such debt service.
995065 Log:0010 JAH/JAH 02/10/16 11:17:57 AM Senate Page: 2