Florida Senate - 2017                          SENATOR AMENDMENT
       Bill No. CS for SB 10
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                Floor: 1/WD/2R         .                                
             04/12/2017 01:40 PM       .                                

       Senator Clemens moved the following:
    1         Senate Amendment (with title amendment)
    3         Delete everything after the enacting clause
    4  and insert:
    5         Section 1. Subsection (5) of section 215.618, Florida
    6  Statutes, is amended to read:
    7         215.618 Bonds for acquisition and improvement of land,
    8  water areas, and related property interests and resources.—
    9         (5) The proceeds from the sale of bonds issued pursuant to
   10  this section, less the costs of issuance, the costs of funding
   11  reserve accounts, and other costs with respect to the bonds,
   12  shall be deposited into the Florida Forever Trust Fund. The bond
   13  proceeds deposited into the Florida Forever Trust Fund shall be
   14  distributed by the Department of Environmental Protection as
   15  provided in s. 259.105. This subsection does not apply to
   16  proceeds from the sale of bonds issued for the purposes of s.
   17  373.45927.
   18         Section 2. Section 373.45927, Florida Statutes, is created
   19  to read:
   20         373.45927 Florida Forever bonding for the Comprehensive
   21  Everglades Restoration Plan.—
   22         (1)As used in this section, the term:
   23         (a) “Comprehensive Everglades Restoration Plan” or “CERP”
   24  has the same meaning as the term “comprehensive plan” as defined
   25  in s. 373.470.
   26         (b) “District” means the South Florida Water Management
   27  District.
   28         (2)The Legislature finds that the current progress and
   29  schedules for restoration of the Everglades pursuant to the
   30  Comprehensive Everglades Restoration Plan are inadequate to
   31  timely restore the ecological system of the Everglades and
   32  timely address adverse changes in water quality and in the
   33  quantity, distribution, and timing of water flows in the
   34  Everglades.
   35         (3) Pursuant to s. 11(e), Art. VII of the State
   36  Constitution, state bonds are authorized to accelerate the
   37  district’s current restoration efforts relating to CERP.
   38         (4)Any CERP-related cost may be funded using proceeds from
   39  Florida Forever bonds issued under s. 215.618, as authorized
   40  under that section. The Legislature determines that the
   41  authorization and issuance of such bonds is in the best interest
   42  of the state and determines that the CERP projects should be
   43  accelerated. Notwithstanding any other provision of law,
   44  proceeds from the sale of such bonds, less the costs of
   45  issuance, the costs of funding reserve accounts, and other costs
   46  with respect to the bonds, shall be deposited in a total amount
   47  of up to $1.2 billion in bond proceeds over the course of the
   48  2017-2018 through 2022-2023 fiscal years to the Florida Forever
   49  Trust Fund to implement CERP projects.
   50         Section 3. This act shall take effect July 1, 2017.
   52  ================= T I T L E  A M E N D M E N T ================
   53  And the title is amended as follows:
   54         Delete everything before the enacting clause
   55  and insert:
   56                        A bill to be entitled                      
   57         An act relating to water resources; amending s.
   58         215.618, F.S.; providing an exception to the
   59         requirement that bonds issued for acquisition and
   60         improvement of land, water areas, and related property
   61         interests and resources be deposited into the Florida
   62         Forever Trust Fund and distributed in a specified
   63         manner; creating s. 373.45927, F.S.; defining terms;
   64         providing legislative findings; authorizing the
   65         issuance of state bonds to accelerate certain
   66         restoration efforts of the South Florida Water
   67         Management District; providing that the proceeds from
   68         the sale of Florida Forever bonds authorized under the
   69         section may fund any costs associated with the
   70         Comprehensive Everglades Restoration Plan; providing
   71         for the annual deposit of the proceeds, less certain
   72         costs, up to a maximum amount for a specified
   73         timeframe; providing an effective date.