Florida Senate - 2009                        COMMITTEE AMENDMENT
       Bill No. CS for CS for SB 274
       
       
       
       
       
       
                                Barcode 534552                          
       
                              LEGISLATIVE ACTION                        
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       The Committee on General Government Appropriations (Dean)
       recommended the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Between lines 1003 and 1004
    4  insert:
    5         Section 16. Subsection (3) of section 373.584, Florida
    6  Statutes, is amended, present subsection (4) of that section is
    7  redesignated as subsection (5), and a new subsection (4) is
    8  added to that section, to read:
    9         373.584 Revenue bonds.—
   10         (3) The revenue bonds may be issued as serial bonds or as
   11  term bonds; or the district, in its discretion, may issue bonds
   12  of both types. The revenue bonds shall be authorized by
   13  resolution of the governing board and shall bear such date or
   14  dates; mature at such time or times, not exceeding 40 years from
   15  their respective dates; bear interest at such rate or rates; be
   16  payable at such time or times; be in such denominations; be in
   17  such form; carry such registration privileges; be executed in
   18  such manner; be payable in lawful money of the United States at
   19  such place or places; and be subject to such terms of
   20  redemption, including redemption prior to maturity, as such
   21  resolution or resolutions may provide. If any officer whose
   22  signature, or a facsimile of whose signature, appears on any
   23  bonds or coupons ceases to be such officer before the delivery
   24  of such bonds, such signature or facsimile shall nevertheless be
   25  valid and sufficient for all purposes as if he or she had
   26  remained in office until the delivery. The revenue bonds or
   27  notes may be sold at public or private sale for such price or
   28  prices as the governing board shall determine. Pending
   29  preparation of the definitive bonds, the district may issue
   30  interim receipts or certificates which shall be exchanged for
   31  such definitive bonds.
   32         (4) A district may not issue certificates of participation
   33  unless the electors of the district approve the issuance of the
   34  certificates of participation in a referendum.
   35         (5)(4) As used in this section:
   36         (a) “Bonds” means bonds, debentures, notes, certificates of
   37  indebtedness, certificates of participation, mortgage
   38  certificates, or other obligations or evidences of indebtedness
   39  of any type or character.
   40         (b) “Project” means a governmental undertaking approved by
   41  the governing body of a water management district and includes
   42  all property rights, easements, and franchises relating thereto
   43  and deemed necessary or convenient for the construction,
   44  acquisition, or operation thereof, and embraces any capital
   45  expenditure which the governing body of a water management
   46  district shall deem to be made for a public purpose, including
   47  the refunding of any bonded indebtedness which may be
   48  outstanding on any existing project.
   49         (c) “Revenue bonds” means bonds of a water management
   50  district to the payment of which the full faith and credit and
   51  power to levy ad valorem taxes are not pledged.
   52  
   53  ================= T I T L E  A M E N D M E N T ================
   54         And the title is amended as follows:
   55         Delete line 99
   56  and insert:
   57         occurrence of unlicensed well water contracting;
   58         amending s. 373.584, F.S.; revising provisions
   59         relating to bonds of a water management district;
   60         prohibiting a water management district from issuing
   61         certificates of participation unless the electors of
   62         the district approve such issuance through a
   63         referendum;