Florida Senate - 2018                        COMMITTEE AMENDMENT
       Bill No. SB 1426
       
       
       
       
       
       
                                Ì239684PÎ239684                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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       The Committee on Rules (Lee) recommended the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 46 - 494
    4  and insert:
    5         Section 1. Paragraph (c) of subsection (3) of section
    6  129.03, Florida Statutes, is amended to read:
    7         129.03 Preparation and adoption of budget.—
    8         (3) The county budget officer, after tentatively
    9  ascertaining the proposed fiscal policies of the board for the
   10  next fiscal year, shall prepare and present to the board a
   11  tentative budget for the next fiscal year for each of the funds
   12  provided in this chapter, including all estimated receipts,
   13  taxes to be levied, and balances expected to be brought forward
   14  and all estimated expenditures, reserves, and balances to be
   15  carried over at the end of the year.
   16         (c) The board shall hold public hearings to adopt tentative
   17  and final budgets pursuant to s. 200.065. The hearings shall be
   18  primarily for the purpose of hearing requests and complaints
   19  from the public regarding the budgets and the proposed tax
   20  levies and for explaining the budget and any proposed or adopted
   21  amendments. The tentative budget must be posted on the county’s
   22  official website at least 2 days before the public hearing to
   23  consider such budget and must remain on the website for at least
   24  45 days. The final budget must be posted on the website within
   25  30 days after adoption and must remain on the website for at
   26  least 2 years. The tentative budgets, adopted tentative budgets,
   27  and final budgets shall be filed in the office of the county
   28  auditor as a public record. Sufficient reference in words and
   29  figures to identify the particular transactions must shall be
   30  made in the minutes of the board to record its actions with
   31  reference to the budgets.
   32         Section 2. Paragraph (f) of subsection (2) of section
   33  129.06, Florida Statutes, is amended to read:
   34         129.06 Execution and amendment of budget.—
   35         (2) The board at any time within a fiscal year may amend a
   36  budget for that year, and may within the first 60 days of a
   37  fiscal year amend the budget for the prior fiscal year, as
   38  follows:
   39         (f) Unless otherwise prohibited by law, if an amendment to
   40  a budget is required for a purpose not specifically authorized
   41  in paragraphs (a)-(e), the amendment may be authorized by
   42  resolution or ordinance of the board of county commissioners
   43  adopted following a public hearing.
   44         1. The public hearing must be advertised at least 2 days,
   45  but not more than 5 days, before the date of the hearing. The
   46  advertisement must appear in a newspaper of paid general
   47  circulation and must identify the name of the taxing authority,
   48  the date, place, and time of the hearing, and the purpose of the
   49  hearing. The advertisement must also identify each budgetary
   50  fund to be amended, the source of the funds, the use of the
   51  funds, and the total amount of each fund’s appropriations.
   52         2. If the board amends the budget pursuant to this
   53  paragraph, the adopted amendment must be posted on the county’s
   54  official website within 5 days after adoption and must remain on
   55  the website for at least 2 years.
   56         Section 3. Subsections (3) and (5) of section 166.241,
   57  Florida Statutes, are amended to read:
   58         166.241 Fiscal years, budgets, and budget amendments.—
   59         (3) The tentative budget must be posted on the
   60  municipality’s official website at least 2 days before the
   61  budget hearing, held pursuant to s. 200.065 or other law, to
   62  consider such budget and must remain on the website for at least
   63  45 days. The final adopted budget must be posted on the
   64  municipality’s official website within 30 days after adoption
   65  and must remain on the website for at least 2 years. If the
   66  municipality does not operate an official website, the
   67  municipality must, within a reasonable period of time as
   68  established by the county or counties in which the municipality
   69  is located, transmit the tentative budget and final budget to
   70  the manager or administrator of such county or counties who
   71  shall post the budgets on the county’s website.
   72         (5) If the governing body of a municipality amends the
   73  budget pursuant to paragraph (4)(c), the adopted amendment must
   74  be posted on the official website of the municipality within 5
   75  days after adoption and must remain on the website for at least
   76  2 years. If the municipality does not operate an official
   77  website, the municipality must, within a reasonable period of
   78  time as established by the county or counties in which the
   79  municipality is located, transmit the adopted amendment to the
   80  manager or administrator of such county or counties who shall
   81  post the adopted amendment on the county’s website.
   82         Section 4. Subsection (2) of section 11.40, Florida
   83  Statutes, is amended to read:
   84         11.40 Legislative Auditing Committee.—
   85         (2) Following notification by the Auditor General, the
   86  Department of Financial Services, or the Division of Bond
   87  Finance of the State Board of Administration of the failure of a
   88  local governmental entity, district school board, charter
   89  school, or charter technical career center to comply with the
   90  applicable provisions within s. 11.45(5)-(7), s. 218.32(1), s.
   91  218.38, or s. 218.503(3), or part VIII of chapter 218, the
   92  Legislative Auditing Committee may schedule a hearing to
   93  determine if the entity should be subject to further state
   94  action. If the committee determines that the entity should be
   95  subject to further state action, the committee shall:
   96         (a) In the case of a local governmental entity or district
   97  school board, direct the Department of Revenue and the
   98  Department of Financial Services to withhold any funds not
   99  pledged for bond debt service satisfaction which are payable to
  100  such entity until the entity complies with the law. The
  101  committee shall specify the date such action shall begin, and
  102  the directive must be received by the Department of Revenue and
  103  the Department of Financial Services 30 days before the date of
  104  the distribution mandated by law. The Department of Revenue and
  105  the Department of Financial Services may implement the
  106  provisions of this paragraph.
  107         (b) In the case of a special district created by:
  108         1. A special act, notify the President of the Senate, the
  109  Speaker of the House of Representatives, the standing committees
  110  of the Senate and the House of Representatives charged with
  111  special district oversight as determined by the presiding
  112  officers of each respective chamber, the legislators who
  113  represent a portion of the geographical jurisdiction of the
  114  special district, and the Department of Economic Opportunity
  115  that the special district has failed to comply with the law.
  116  Upon receipt of notification, the Department of Economic
  117  Opportunity shall proceed pursuant to s. 189.062 or s. 189.067.
  118  If the special district remains in noncompliance after the
  119  process set forth in s. 189.0651, or if a public hearing is not
  120  held, the Legislative Auditing Committee may request the
  121  department to proceed pursuant to s. 189.067(3).
  122         2. A local ordinance, notify the chair or equivalent of the
  123  local general-purpose government pursuant to s. 189.0652 and the
  124  Department of Economic Opportunity that the special district has
  125  failed to comply with the law. Upon receipt of notification, the
  126  department shall proceed pursuant to s. 189.062 or s. 189.067.
  127  If the special district remains in noncompliance after the
  128  process set forth in s. 189.0652, or if a public hearing is not
  129  held, the Legislative Auditing Committee may request the
  130  department to proceed pursuant to s. 189.067(3).
  131         3. Any manner other than a special act or local ordinance,
  132  notify the Department of Economic Opportunity that the special
  133  district has failed to comply with the law. Upon receipt of
  134  notification, the department shall proceed pursuant to s.
  135  189.062 or s. 189.067(3).
  136         (c) In the case of a charter school or charter technical
  137  career center, notify the appropriate sponsoring entity, which
  138  may terminate the charter pursuant to ss. 1002.33 and 1002.34.
  139         Section 5. Present paragraphs (d) through (j) of subsection
  140  (7) of section 11.45, Florida Statutes, are redesignated as
  141  paragraphs (e) through (k), respectively, and a new paragraph
  142  (d) is added to that subsection, to read:
  143         11.45 Definitions; duties; authorities; reports; rules.—
  144         (7) AUDITOR GENERAL REPORTING REQUIREMENTS.—
  145         (d)During the Auditor General’s review of audit reports,
  146  he or she shall contact each local government, as defined in s.
  147  218.805(2), that is not in compliance with part VIII of chapter
  148  218 and request evidence of corrective action. The local
  149  government shall provide the Auditor General with evidence of
  150  the initiation of corrective action within 45 days after the
  151  date it is requested by the Auditor General and evidence of
  152  completion of corrective action within 180 days after the date
  153  it is requested by the Auditor General. If the local government
  154  fails to comply with the Auditor General’s request or is unable
  155  to take corrective action within the required timeframe, the
  156  Auditor General shall notify the Legislative Auditing Committee.
  157         Section 6. Subsection (5) of section 125.045, Florida
  158  Statutes, is amended to read:
  159         125.045 County economic development powers.—
  160         (5)(a) By January 15 of each year, 2011, and annually
  161  thereafter, each county shall report to the Office of Economic
  162  and Demographic Research the economic development incentives in
  163  excess of $25,000 given to businesses any business during the
  164  county’s previous fiscal year. The Office of Economic and
  165  Demographic Research shall compile the information from the
  166  counties into a report and provide the report to the President
  167  of the Senate, the Speaker of the House of Representatives, and
  168  the Department of Economic Opportunity. The county shall
  169  identify whether the economic development incentive is provided
  170  directly by the county or by another entity on behalf of the
  171  county, as well as the source of local dollars, and any state or
  172  federal dollars obligated for the incentive. Economic
  173  development incentives, for purposes of this report, are
  174  classified as follows include:
  175         1. Class one: Direct Financial incentives of monetary
  176  assistance provided to an individual a business from the county
  177  or through an organization authorized by the county. Such
  178  incentives include:, but are not limited to, grants, loans,
  179  equity investments, loan insurance and guarantees, and training
  180  subsidies.
  181         a.Grants.
  182         b.Tax-based credits, refunds, or exemptions.
  183         c.Fee-based credits, refunds, or exemptions.
  184         d.Loans, loan insurance, or loan guarantees.
  185         e.Below-market rate leases or deeds for real property.
  186         f.Job training or recruitment.
  187         g.Subsidized or discounted government services.
  188         h.Infrastructure improvements.
  189         2. Class two: General assistance, services, and support
  190  provided collectively to businesses with a common interest or
  191  purpose. Such incentives include:
  192         a.Technical assistance and training.
  193         b.Business incubators and accelerators.
  194         c.Infrastructure improvements Indirect incentives in the
  195  form of grants and loans provided to businesses and community
  196  organizations that provide support to businesses or promote
  197  business investment or development.
  198         3. Class three: Business recruitment, retention, or
  199  expansion efforts provided to benefit an individual business or
  200  class of businesses. Such incentives include:
  201         a.Marketing and market research.
  202         b.Trade missions and trade shows.
  203         c.Site selection.
  204         d.Targeted assistance with the permitting and licensing
  205  process.
  206         e.Business plan or project development Fee-based or tax
  207  based incentives, including, but not limited to, credits,
  208  refunds, exemptions, and property tax abatement or assessment
  209  reductions.
  210         4.Below-market rate leases or deeds for real property.
  211         (b) A county shall report its economic development
  212  incentives in the format specified by the Office of Economic and
  213  Demographic Research.
  214         (c) The Office of Economic and Demographic Research shall
  215  compile the economic development incentives provided by each
  216  county in a manner that shows the total of each class of
  217  economic development incentives provided by each county and all
  218  counties. To the extent possible, the office shall compare the
  219  results of the economic development incentives provided by all
  220  counties to the results of state incentives provided in similar
  221  classes.
  222         Section 7. Paragraph (e) of subsection (8) of section
  223  166.021, Florida Statutes, is amended to read:
  224         166.021 Powers.—
  225         (8)
  226         (e)1. By January 15 of each year, 2011, and annually
  227  thereafter, each municipality having annual revenues or
  228  expenditures greater than $250,000 shall report to the Office of
  229  Economic and Demographic Research the economic development
  230  incentives in excess of $25,000 given to businesses any business
  231  during the municipality’s previous fiscal year. The Office of
  232  Economic and Demographic Research shall compile the information
  233  from the municipalities into a report and provide the report to
  234  the President of the Senate, the Speaker of the House of
  235  Representatives, and the Department of Economic Opportunity. The
  236  municipality shall identify whether the economic development
  237  incentive was provided directly by the municipality or by
  238  another entity on behalf of the municipality, as well as the
  239  source of local dollars, and any state or federal dollars
  240  obligated for the incentive. Economic development incentives,
  241  for purposes of this report, are classified as follows include:
  242         a. Class one: Direct Financial incentives of monetary
  243  assistance provided to an individual a business from the
  244  municipality or through an organization authorized by the
  245  municipality. Such incentives include:, but are not limited to,
  246  grants, loans, equity investments, loan insurance and
  247  guarantees, and training subsidies.
  248         (I)Grants.
  249         (II)Tax-based credits, refunds, or exemptions.
  250         (III)Fee-based credits, refunds, or exemptions.
  251         (IV)Loans, loan insurance, or loan guarantees.
  252         (V)Below-market rate leases or deeds for real property.
  253         (VI)Job training or recruitment.
  254         (VII)Subsidized or discounted government services.
  255         (VIII)Infrastructure improvements.
  256         b. Class two: General assistance, services, and support
  257  provided collectively to businesses with a common interest or
  258  purpose. Such incentives include:
  259         (I)Technical assistance and training.
  260         (II)Business incubators and accelerators.
  261         (III)Infrastructure improvements Indirect incentives in
  262  the form of grants and loans provided to businesses and
  263  community organizations that provide support to businesses or
  264  promote business investment or development.
  265         c. Class three: Business recruitment, retention, or
  266  expansion efforts provided to benefit an individual business or
  267  class of businesses. Such incentives include:
  268         (I)Marketing and market research.
  269         (II)Trade missions and trade shows.
  270         (III)Site selection.
  271         (IV)Targeted assistance with the permitting and licensing
  272  process.
  273         (V)Business plan or project development Fee-based or tax
  274  based incentives, including, but not limited to, credits,
  275  refunds, exemptions, and property tax abatement or assessment
  276  reductions.
  277         d.Below-market rate leases or deeds for real property.
  278         2. A municipality shall report its economic development
  279  incentives in the format specified by the Office of Economic and
  280  Demographic Research.
  281         3. The Office of Economic and Demographic Research shall
  282  compile the economic development incentives provided by each
  283  municipality in a manner that shows the total of each class of
  284  economic development incentives provided by each municipality
  285  and all municipalities. To the extent possible, the office shall
  286  compare the results of the economic development incentives
  287  provided by all municipalities to the results of state
  288  incentives provided in similar classes.
  289         Section 8. Section 218.80, Florida Statutes, is transferred
  290  and renumbered as section 218.795, Florida Statutes.
  291         Section 9. Part VIII of chapter 218, Florida Statutes,
  292  consisting of sections 218.801, 218.803, 218.805, 218.81,
  293  218.82, 218.83, 218.84, 218.88, and 218.89, is created to read:
  294                              PART VIII                            
  295              LOCAL GOVERNMENT FISCAL TRANSPARENCY ACT             
  296         218.801Short title.—This part may be cited as the “Local
  297  Government Fiscal Transparency Act.”
  298         218.803Purpose.—The purpose of this part is to promote the
  299  fiscal transparency of local governments when using public funds
  300  by requiring additional public noticing of proposed local
  301  government actions that would increase taxes, enact new taxes,
  302  extend expiring taxes, or issue tax-supported debt and requiring
  303  voting records of local governing bodies related to such actions
  304  to be easily and readily accessible by the public.
  305         218.805Definitions.—As used in this part, the term:
  306         (1)“Debt” means bonds, loans, promissory notes, lease
  307  purchase agreements, certificates of participation, installment
  308  sales, leases, or any other financing mechanisms or financial
  309  arrangements, whether or not a debt for legal purposes, for
  310  financing or refinancing the acquisition, construction,
  311  improvement, or purchase of capital improvement projects.
  312         (2)“Local government” means any county, municipality,
  313  school district, special district dependent to a county or
  314  municipality, municipal service taxing unit, or independent
  315  special district, but does not include special dependent or
  316  independent districts established to provide hospital services,
  317  provided such special districts do not levy, assess, and collect
  318  ad valorem taxes.
  319         (3)“Tax increase” means:
  320         (a)For ad valorem taxes, any increase in a local
  321  government’s millage rate above the rolled-back rate as defined
  322  in s. 200.065(1).
  323         (b)For all other taxes, a tax enactment, tax extension, or
  324  an increase in the tax rate.
  325         (4)“Tax-supported debt” means debt with a duration of more
  326  than 5 years secured in whole or in part by state or local tax
  327  levies, whether such security is direct or indirect, explicit or
  328  implicit, and includes, but is not limited to, debt for which
  329  annual appropriations pledged for payment are from government
  330  fund types receiving tax revenues or shared revenues from state
  331  tax sources. The term does not include debt secured solely by
  332  revenues generated by the project that is financed with the
  333  debt.
  334         218.81Voting record access.—
  335         (1)Each local government shall post on its website, in a
  336  manner that is easily accessible to the public, a history of the
  337  voting record of each action taken by the local governing board
  338  which addressed a tax increase or new tax-supported debt
  339  issuance, except debt that was refinanced or refunded and that
  340  did not extend the term or increase the outstanding principal
  341  amount of the original debt, as follows:
  342         (a)By October 1, 2018, the voting record history from the
  343  preceding year;
  344         (b)By October 1, 2019, the voting record history from the
  345  preceding 2 years;
  346         (c)By October 1, 2020, the voting record history from the
  347  preceding 3 years; and
  348         (d)By October 1, 2021, and thereafter, the voting record
  349  history required pursuant to this subsection from the preceding
  350  4 years.
  351         (2)The website must provide links to allow users to
  352  navigate to related sites if supporting details or documentation
  353  are available.
  354         (3)In any public notice of a tax increase or the issuance
  355  of new tax-supported debt, each local government shall include
  356  with the public notice the website address where the voting
  357  records can be accessed.
  358         218.82Property tax information and history.—
  359         (1)Each county property appraiser, as defined in s.
  360  192.001, shall maintain a website that includes, in a manner
  361  easily accessible to the public, links that provide access to:
  362         (a)The notice of proposed property taxes and non-ad
  363  valorem assessments required under s. 200.069 for each parcel of
  364  property in that county; and
  365         (b)A history of the millage rate and the amount of tax
  366  levied by each taxing authority on each parcel, as follows:
  367         1.By October 1, 2018, the history from the 2 preceding
  368  years;
  369         2.By October 1, 2019, the history from the 3 preceding
  370  years; and
  371         3.By October 1, 2020, and thereafter, the history from the
  372  4 preceding years.
  373  
  374  This subsection does not apply to information that is otherwise
  375  exempt from public disclosure.
  376         (2)Each local government shall post on its website, in a
  377  manner that is easily accessible to the public, links that
  378  provide access to a history of each of its millage rates and the
  379  total annual amount of revenue generated by each of these
  380  levies, as follows:
  381         (a)By October 1, 2018, the history from the 2 preceding
  382  years;
  383         (b)By October 1, 2019, the history from the 3 preceding
  384  years; and
  385         (c)By October 1, 2020, and thereafter, the history from
  386  the 4 preceding years.
  387         218.83Expanded public noticing of tax increases and new
  388  tax-supported debt issuance.—
  389         (1)For the purpose of this section, the term “tax
  390  increase” does not include an ad valorem tax increase or taxes
  391  enacted, extended, or increased by referendum.
  392         (2)A local government that intends to vote on a proposed
  393  tax increase or the issuance of new tax-supported debt shall
  394  advertise a public hearing to solicit public input concerning
  395  the proposed tax increase or new tax-supported debt issuance.
  396  This public hearing must occur at least 14 days prior to the
  397  date that the local governing body meets to take a final vote on
  398  the tax increase or issuance of new tax-supported debt. Any
  399  hearing required under this subsection shall be held after 5
  400  p.m. if scheduled on a day other than Saturday. No hearing shall
  401  be held on a Sunday. The general public shall be allowed to
  402  speak and to ask questions relevant to the tax increase or the
  403  tax-supported debt issuance. The local government shall provide
  404  public notice as set forth in subsection (4).
  405         (3)(a)If, following the public hearing required under
  406  subsection (2), the local government intends to proceed with a
  407  vote to approve a tax increase or the new issuance of tax
  408  supported debt, the local government shall provide public notice
  409  in the manner set forth in subsection (4) at least 10 days prior
  410  to the date of the scheduled public meeting.
  411         (b)For a tax increase, the notice shall also include, at a
  412  minimum:
  413         1.A statement prominently posted that the local government
  414  intends to vote on a proposed new tax enactment, tax extension,
  415  or tax rate increase.
  416         2.The time and place of the meeting.
  417         3.The amount of the tax increase, including both the rate
  418  and total amount of annual revenue expected to be generated and
  419  the expected annual revenue expressed as a percentage of the
  420  government’s general fund revenue.
  421         4.A detailed explanation of the intended uses of the levy.
  422         5.A statement indicating whether the local government
  423  expects to use the proceeds to secure debt.
  424         (c)For new tax-supported debt issuance, the notice shall
  425  also include, at a minimum:
  426         1.A statement prominently posted that the local government
  427  intends to vote on a proposed new issuance of tax-supported
  428  debt.
  429         2.The time and place of the meeting.
  430         3.A truth in bonding statement in substantially the
  431  following form:
  432         The ...(insert local government name)... is proposing to
  433  issue $...(insert principal)... of debt or obligation for the
  434  purpose of ...(insert purpose).... This debt or obligation is
  435  expected to be repaid over a period of ...(insert term of
  436  issue)... years. At a forecasted interest rate of ...(insert
  437  rate of interest)..., total interest paid over the life of the
  438  debt or obligation will be $...(insert sum of interest
  439  payments).... The source of repayment or security for this
  440  proposal is the ...(insert the local government name)...
  441  existing ...(insert fund).... Authorizing this debt or
  442  obligation will result in $...(insert the annual amount)... of
  443  ...(insert local government name)... ...(insert fund)... moneys
  444  not being available to finance the other services of the
  445  ...(insert local government name)... each year for ...(insert
  446  the length of the debt or obligation)....
  447         4.Presentation of the debt affordability ratios calculated
  448  pursuant to s. 218.84, described in substantially the following
  449  form:
  450         The following ratios measure the affordability of
  451  outstanding and proposed new long-term, tax-supported debt
  452  issued by ...(insert local government name).... The ratios show
  453  debt service as a percentage of the revenues available to
  454  support that debt, including the new debt being proposed
  455  ...(insert 5 year history and 2 year projection of debt
  456  affordability ratio)....
  457         (4)The notice provided by a local government announcing a
  458  public hearing to take public input as set forth in subsection
  459  (2) or the public meeting to take a final vote as set forth in
  460  subsection (3) must meet the following requirements:
  461         (a)The local government must advertise the notice in a
  462  newspaper of general circulation in the county or counties where
  463  the local government exists. A local government may advertise in
  464  a geographically limited insert of a general circulation
  465  newspaper if the region encompassed by the insert contains the
  466  jurisdictional boundaries of the local government. The newspaper
  467  must be of general interest with readership in the community and
  468  not one of limited subject matter, pursuant to chapter 50. The
  469  advertisement must be at least one-quarter page in size of a
  470  standard size newspaper or a half-page in size of a tabloid size
  471  newspaper, and the headline in the advertisement must be in a
  472  type no smaller than 18 point. The advertisement may not be
  473  placed in that portion of the newspaper where legal notices and
  474  classified advertisements appear. The advertisement must appear
  475  in a newspaper that is published at least 5 days a week unless
  476  the only newspaper in the county is published less than 5 days a
  477  week. If the advertisement appears in a geographically limited
  478  insert of a general circulation newspaper, the insert must be
  479  one that is published at least twice a week throughout the local
  480  government’s jurisdiction. In lieu of publishing the notice set
  481  out in this paragraph, the local government may mail a copy of
  482  the notice to each elector residing within the jurisdiction of
  483  the local government; and
  484         (b)The local government must post on its website in a
  485  manner that is easily accessible to the public the information
  486  required under subsections (2) and (3), as applicable.
  487         (5)This section does not apply to the refinancing or
  488  refunding of debt that does not extend the term or increase the
  489  outstanding principal amount of the original debt.
  490         218.84Local government debt fiscal responsibility.—
  491         (1)It is the public policy of this state to encourage
  492  local governments to exercise prudence in authorizing and
  493  issuing debt. Before a local government authorizes debt, it must
  494  consider its ability to meet its total debt service requirements
  495  in light of other demands on the local government’s fiscal
  496  resources. Each local government shall perform a debt
  497  affordability analysis as set forth in subsection (2), and the
  498  governing board shall consider the analysis before approving the
  499  issuance of new tax-supported debt.
  500         (2)The debt affordability analysis shall, at a minimum,
  501  consist of the calculation of the local government’s actual debt
  502  affordability ratio for the 5 fiscal years prior to the year the
  503  debt is expected to be issued and a projection of the ratio for
  504  at least the first 2 fiscal years in which the new debt is
  505  expected to be issued. The analysis shall include a comparison
  506  of the debt affordability ratio with and without the new debt
  507  issuance.
  508         (3)The debt affordability ratio for a given fiscal year
  509  shall be a ratio:
  510         (a)The denominator of which is the total annual revenues
  511  available to pay debt service on outstanding tax-supported debt
  512  of the local government; and
  513         (b)The numerator of which is the total annual debt service
  514  for outstanding tax-supported debt of the local government.
  515         218.88Audits.—Audits of financial statements of local
  516  governments which are performed by a certified public accountant
  517  pursuant to s. 218.39 and submitted to the Auditor General must
  518  be accompanied by an affidavit executed by the chair of the
  519  governing board of the local government stating that the local
  520  government has complied with this part. The affidavit must be
  521  filed with the Auditor General, or in the event the local
  522  government has not complied with this part, the affidavit shall
  523  instead include a description of the noncompliance and
  524  corrective action taken by the local government to correct the
  525  noncompliance and to prevent such noncompliance in the future.
  526         218.89Local government websites.—If a local government is
  527  required under this part to post information on its website, but
  528  does not operate an official website, the local government must
  529  provide the appropriate county or municipality within which the
  530  local government is located the information required to be
  531  posted, and each county or municipality shall post the required
  532  information on its website.
  533  
  534  ================= T I T L E  A M E N D M E N T ================
  535  And the title is amended as follows:
  536         Delete line 3
  537  and insert:
  538         affairs; amending ss. 129.03, 129.06, and 166.241,
  539         F.S.; requiring counties and municipalities to
  540         maintain certain budget documents on the entities’
  541         websites for a specified period; amending s. 11.40,
  542         F.S.; expanding the