Florida Senate - 2014                          SENATOR AMENDMENT
       Bill No. CS/HB 7147, 1st Eng.
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
               Floor: 1b/RE/2R         .                                
             04/30/2014 01:43 PM       .                                

       Senator Bradley moved the following:
    1         Senate Amendment to Amendment (189214) (with title
    2  amendment)
    4         Between lines 288 and 289
    5  insert:
    6         Section 11. Section 377.816, Florida Statutes, is created
    7  to read:
    8         377.816Qualified energy conservation bond allocation.—
    9         (1) DEFINITIONS.—As used in this section, the term:
   10         (a) “Eligible issuer” means an entity that is created under
   11  or pursuant to the constitution or laws of this state and that
   12  is authorized by this state to issue bonds or enter into a
   13  lease-purchase agreement, or any other entity in this state
   14  authorized to issue qualified energy conservation bonds pursuant
   15  to the Internal Revenue Code.
   16         (b) “Office” means the Office of Energy within the
   17  Department of Agriculture and Consumer Services.
   18         (c) “Qualified energy conservation bond” means a bond
   19  described in 26 U.S.C. s. 54D(a).
   20         (d) “Qualified project” means a project eligible to be
   21  financed pursuant to 26 U.S.C. s. 54D(f).
   23         (a) The office shall establish an allocation program for
   24  allocating or reallocating the qualified energy conservation
   25  bond volume limitation provided by 26 U.S.C. s. 54D. The
   26  allocation program must provide notification of all mandatory
   27  allocations required or authorized pursuant to the Internal
   28  Revenue Code.
   29         1. All mandatory allocations pursuant to 26 U.S.C. s.
   30  54D(e)(2)(A) shall be allocated to eligible issuers as provided
   31  therein.
   32         2. An eligible issuer receiving a mandatory allocation
   33  pursuant to subparagraph 1. may elect to reallocate all or any
   34  portion of its allocation back to the state pursuant to 26
   35  U.S.C. s. 54D(e)(2)(B).
   36         (b) The office may reallocate to eligible issuers in the
   37  state any allocation that was retained by the state from the
   38  original federal allocation or any allocation that is waived by
   39  an eligible issuer pursuant to subparagraph (a)2.
   40         (c) Each eligible issuer receiving an allocation shall
   41  notify the department in writing of the amount of bonds issued
   42  and any other information relating to the bonds or the
   43  allocation at such time and in such manner as is required by the
   44  office.
   45         (d) A bond subject to the limitations provided in 26 U.S.C.
   46  s. 54D may not be issued in this state unless issued pursuant to
   47  this section.
   48         (3) INFORMATION AVAILABILITY.—The office shall determine
   49  the amount of qualified energy conservation bond allocations for
   50  each qualified issuer in this state under 26 U.S.C. s. 54D and
   51  shall make such information available upon request to any person
   52  or agency.
   54  ================= T I T L E  A M E N D M E N T ================
   55  And the title is amended as follows:
   56         Delete line 1064
   57  and insert:
   58         information; creating s. 377.816, F.S.; defining
   59         terms; requiring the Office of Energy to establish a
   60         program for allocating or reallocating a federally
   61         qualified energy conservation bond volume limitation;
   62         providing program requirements; amending s. 440.103,
   63         F.S.; authorizing an