| 1 | A bill to be entitled |
| 2 | An act relating to funding for school districts; amending |
| 3 | s. 1011.715, F.S.; providing that a resolution of a |
| 4 | district school board providing for the receipt of |
| 5 | proceeds of the local government infrastructure surtax |
| 6 | authorized under s. 212.055(2), F.S., may include a |
| 7 | covenant to decrease capital local school property taxes |
| 8 | or to discontinue the surtax in certain circumstances; |
| 9 | providing an effective date. |
| 10 |
|
| 11 | Be It Enacted by the Legislature of the State of Florida: |
| 12 |
|
| 13 | Section 1. Section 1011.715, Florida Statutes, is amended |
| 14 | to read: |
| 15 | 1011.715 Resolution regarding school capital outlay |
| 16 | surcharge or local government infrastructure surtax.--The |
| 17 | resolution of a district school board providing for the |
| 18 | imposition of the school capital outlay surtax authorized in s. |
| 19 | 212.055(6) or providing for the receipt of proceeds of the local |
| 20 | government infrastructure surtax authorized under s. 212.055(2) |
| 21 | may include a covenant by the district school board to decrease |
| 22 | the capital local school property tax levied pursuant to s. |
| 23 | 1011.71(2) and to maintain that tax at the reduced millage as |
| 24 | long as the surtax is in effect. The resolution may also |
| 25 | provide that the surtax shall sunset on December 31 of any year |
| 26 | in which the district school board levies the capital property |
| 27 | tax under s. 1011.71(2) at a millage rate in excess of the |
| 28 | reduced millage rate promised in the resolution. Finally, if |
| 29 | the surtax revenues are pledged to service bonded indebtedness, |
| 30 | the district school board may covenant not to levy the capital |
| 31 | property tax under s. 1011.71(2) at a millage rate in excess of |
| 32 | the reduced millage rate promised in the resolution. |
| 33 | Section 2. This act shall take effect upon becoming a law. |