Bill Text: FL S1072 | 2020 | Regular Session | Introduced

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Bill Title: Redevelopment Trust Funds

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2020-03-14 - Died in Community Affairs [S1072 Detail]

Download: Florida-2020-S1072-Introduced.html

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       Florida Senate - 2020                                    SB 1072
       
       
        
       By Senator Wright
       
       
       
       
       
       14-00597A-20                                          20201072__
    1                        A bill to be entitled                      
    2         An act relating to redevelopment trust funds; amending
    3         s. 163.387, F.S.; providing an exemption from
    4         specified appropriation requirements to certain
    5         hospital districts for a community redevelopment
    6         agency that extends, on or after a specified date, the
    7         time certain set forth in a redevelopment plan;
    8         providing an effective date.
    9          
   10  Be It Enacted by the Legislature of the State of Florida:
   11  
   12         Section 1. Paragraph (c) of subsection (2) of section
   13  163.387, Florida Statutes, is amended, and paragraph (a) of that
   14  subsection is republished, to read:
   15         163.387 Redevelopment trust fund.—
   16         (2)(a) Except for the purpose of funding the trust fund
   17  pursuant to subsection (3), upon the adoption of an ordinance
   18  providing for funding of the redevelopment trust fund as
   19  provided in this section, each taxing authority shall, by
   20  January 1 of each year, appropriate to the trust fund for so
   21  long as any indebtedness pledging increment revenues to the
   22  payment thereof is outstanding (but not to exceed 30 years) a
   23  sum that is no less than the increment as defined and determined
   24  in subsection (1) or paragraph (3)(b) accruing to such taxing
   25  authority. If the community redevelopment plan is amended or
   26  modified pursuant to s. 163.361(1), each such taxing authority
   27  shall make the annual appropriation for a period not to exceed
   28  30 years after the date the governing body amends the plan but
   29  no later than 60 years after the fiscal year in which the plan
   30  was initially approved or adopted. However, for any agency
   31  created on or after July 1, 2002, each taxing authority shall
   32  make the annual appropriation for a period not to exceed 40
   33  years after the fiscal year in which the initial community
   34  redevelopment plan is approved or adopted.
   35         (c) The following public bodies or taxing authorities are
   36  exempt from paragraph (a):
   37         1. A special district that levies ad valorem taxes on
   38  taxable real property in more than one county.
   39         2. A special district for which the sole available source
   40  of revenue the district has the authority to levy is ad valorem
   41  taxes at the time an ordinance is adopted under this section.
   42  However, revenues or aid that may be dispensed or appropriated
   43  to a district as defined in s. 388.011 at the discretion of an
   44  entity other than such district shall not be deemed available.
   45         3. A library district, except a library district in a
   46  jurisdiction where the community redevelopment agency had
   47  validated bonds as of April 30, 1984.
   48         4. A neighborhood improvement district created under the
   49  Safe Neighborhoods Act.
   50         5. A metropolitan transportation authority.
   51         6. A water management district created under s. 373.069.
   52         7. For a community redevelopment agency created on or after
   53  July 1, 2016, or a community redevelopment agency that, on or
   54  after July 1, 2016, extends, pursuant to s. 163.361, the time
   55  certain set forth in a redevelopment plan as required by s.
   56  163.362(10), a hospital district that is a special district as
   57  defined in s. 189.012.
   58         Section 2. This act shall take effect July 1, 2020.