Florida Senate - 2024                        COMMITTEE AMENDMENT
       Bill No. CS for SB 1456
       
       
       
       
       
       
                                Ì511446'Î511446                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  02/20/2024           .                                
                                       .                                
                                       .                                
                                       .                                
       —————————————————————————————————————————————————————————————————




       —————————————————————————————————————————————————————————————————
       The Committee on Finance and Tax (Rodriguez) recommended the
       following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 107 - 120
    4  and insert:
    5         Section 4. (1) A county that has been designated as an area
    6  of critical state concern by law or by action of the
    7  Administration Commission pursuant to s. 380.05, Florida
    8  Statutes, and that levies a tourist development tax pursuant to
    9  s. 125.0104, Florida Statutes, and a tourist impact tax pursuant
   10  to s. 125.0108, Florida Statutes, may use any accumulated
   11  surplus from such taxes collected through September 30, 2024,
   12  not to exceed $35 million, whether held by the county directly
   13  or by a land authority in the county created pursuant to s.
   14  380.0663, Florida Statutes, for the purpose of providing housing
   15  that is:
   16         (a) Affordable, as defined in s. 420.0004, Florida
   17  Statutes; and
   18         (b) Available to employees of private sector tourism
   19  related businesses in the county.
   20         (2) Any housing financed with funds from the surplus
   21  described in subsection (1) may be used only to provide housing
   22  that is affordable, as defined in s. 420.0004, Florida Statutes,
   23  for a period of no less than 99 years.
   24         (3) Expenditure of such funds is subject to approval by a
   25  majority vote of the board of county commissioners for any such
   26  county designated as an area of critical state concern.
   27         (4) For purposes of this section, the term “accumulated
   28  surplus” means the accumulated excess of revenue over
   29  expenditure from prior years which has not been set aside for a
   30  specific purpose.
   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 lines 22 - 23
   35  and insert:
   36         for a specified timeframe; requiring the expenditure
   37         of certain funds be subject to approval by a majority
   38         vote of the board of county commissioners of an
   39         eligible county; defining the term “accumulated
   40         surplus”; providing an effective