Florida House Bill 1491 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on March 9 2012 - 100% progression
Action: 2012-03-09 - Died in Commerce and Tourism
Text: Latest bill text (Introduced) [PDF]

Creates Florida Infrastructure Fund Partnership; provides for management of partnership by Florida Opportunity Fund; authorizes fund to lend moneys to partnership; requires partnership to raise funds from investment partners; provides for commitment agreements with & issuance of certificates to investment partners; authorizes partnership to invest in certain infrastructure projects; prohibits partnership from pledging credit or taxing power of state; prohibits investments with certain companies; creates Florida Infrastructure Investment Trust; provides for trust's issuance of certificates to investment partners; specifies that certificates guarantee availability of tax credits; authorizes trust to charge fees; limits amount of tax credits that may be claimed or applied against state taxes in any year; provides for redemption of certificates or sale of tax credits; provides for issuance of tax credits by DOR; specifies taxes against which credits may be applied; limits period within which tax credits may be used; provides for state's obligation for use of tax credits; limits liability of fund; provides for transferability of certificates & tax credits; requires DOR to provide certain written assurance to trust; specifies that certain securities transaction requirements do not apply to certificates & tax credits transferred or sold under act; authorizes DOR to disclose certain information to partnership & trust relative to certain tax credits.

Capital Formation for Infrastructure Projects

Rep. Eric Eisnaugle [R]

2012-02-23 - House - House: Third Reading RCS#873 (Y: 97 N: 15 NV: 8 Abs: 0) [PASS]

Date	Chamber	Action
2012-03-09		Died in Commerce and Tourism
2012-03-05		Referred to Commerce and Tourism; Budget -SJ 831
2012-03-05		Received -SJ 831
2012-02-24		In Messages
2012-02-23		Passed; YEAS 97 NAYS 15 -HJ 778
2012-02-23		Read 3rd time -HJ 778
2012-02-22		Placed on 3rd reading
2012-02-22		Read 2nd time -HJ 725
2012-02-20		Placed on Special Order Calendar, 02/22/12
2012-02-09		Placed on Calendar -HJ 573
2012-02-08		Favorable by- Economic Affairs Committee; YEAS 14 NAYS 0 -HJ 573
2012-02-06		On Committee agenda-- Economic Affairs Committee, 02/08/12, 8:00 am, Reed Hall
2012-02-02		Now in Economic Affairs Committee -HJ 457
2012-02-01		Favorable by Finance and Tax Committee; YEAS 19 NAYS 3 -HJ 457
2012-01-30		On Committee agenda-- Finance and Tax Committee, 02/01/12, 1:00 pm, Morris Hall
2012-01-24		Now in Finance and Tax Committee -HJ 262
2012-01-24		Favorable by Business and Consumer Affairs Subcommittee; YEAS 14 NAYS 0 -HJ 262
2012-01-20		On Committee agenda-- Business and Consumer Affairs Subcommittee, 01/24/12, 8:00 am, 12 HOB
2012-01-12		Introduced -HJ 211
2012-01-12		Filed

Chapter	Article	Section	Citation Type	Statute Text
213	053		Amended Code	See Bill Text
288	9621		Amended Code	See Bill Text
288	9622		Amended Code	See Bill Text
288	9623		Amended Code	See Bill Text
288	9627		Amended Code	See Bill Text

Type	Source
Summary	http://www.flsenate.gov/Session/Bill/2012/1491
Text	http://www.flsenate.gov/Session/Bill/2012/1491/BillText/Filed/PDF
Roll Call	http://www.flsenate.gov/Session/Bill/2012/1491/Vote/HouseVote_h1491__873.PDF