| 1 | Representative(s) Detert offered the following: |
| 2 |
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| 3 | Amendment (with directory and title amendments) |
| 4 | Remove lines 266-291 and insert: |
| 5 | chapter or an amount equal to $5.52 multiplied by the total |
| 6 | state population, with determination of such population with |
| 7 | respect to any fiscal year to be made on the basis of the most |
| 8 | recent census estimate of the resident population of the state |
| 9 | released by the Bureau of Census before the January 15th |
| 10 | preceding the beginning of such fiscal year, shall be paid into |
| 11 | the State Treasury to the credit of the State Housing Trust Fund |
| 12 | and shall be used as follows: |
| 13 | (a) Half of that amount shall be used for the purposes for |
| 14 | which the State Housing Trust Fund was created and exists by |
| 15 | law. |
| 16 | (b) Half of that amount shall be paid into the State |
| 17 | Treasury to the credit of the Local Government Housing Trust |
| 18 | Fund and shall be used for the purposes for which the Local |
| 19 | Government Housing Trust Fund was created and exists by law. |
| 20 | (10) The lesser of eight and sixty-six fifty-seven |
| 21 | hundredths percent of the remaining taxes collected under this |
| 22 | chapter or an amount equal to $13.51 multiplied by the total |
| 23 | state population, with determination of such population with |
| 24 | respect to any fiscal year to be made on the basis of the most |
| 25 | recent census estimate of the resident population of the state |
| 26 | released by the Bureau of Census before the January 15th |
| 27 | preceding the beginning of such fiscal year, shall be paid into |
| 28 | the State Treasury to the credit of the State Housing Trust Fund |
| 29 | and shall be used as follows: |
| 30 | (a) Twelve and one-half percent of that amount shall be |
| 31 | deposited into the State Housing Trust Fund and be expended by |
| 32 | the Department of Community Affairs and by the Florida Housing |
| 33 | Finance Corporation for the purposes for which the State Housing |
| 34 | Trust Fund was created and exists by law. |
| 35 | (b) Eighty-seven and one-half percent of that amount shall |
| 36 | be distributed to the Local Government Housing Trust Fund and |
| 37 | shall be used for the purposes for which the Local Government |
| 38 | Housing Trust Fund was created and exists by law. Funds from |
| 39 | this category may also be used to provide for state and local |
| 40 | services to assist the homeless. |
| 41 | (17) In the case of each fiscal year after fiscal year |
| 42 | 2006-2007, the dollar amounts specified in subsections (9) and |
| 43 | (10) shall be increased by a cost adjustment equal to such |
| 44 | dollar amounts multiplied by the percentage by which the median |
| 45 | sales price of a single-family home existing as of December of |
| 46 | the calendar year preceding each fiscal year exceeds the sales |
| 47 | price as of December 2004. For purposes of such subsections, the |
| 48 | term "median sales price of a single-family home" means the |
| 49 | price as determined by the Florida Sales Report released each |
| 50 | year by the Florida Association of Realtors and the University |
| 51 | of Florida Real Estate Research Center. |
| 52 |
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| 53 | =========== D I R E C T O R Y A M E N D M E N T ========== |
| 54 | Remove line 256 and insert: |
| 55 | act, are amended, and subsection (17) is added to said section, |
| 56 | to read: |
| 57 |
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| 58 | ================ T I T L E A M E N D M E N T ============= |
| 59 | Remove line 15 and insert: |
| 60 | housing guarantees; providing for annually adjusting certain |
| 61 | amounts distributed to the State Housing Trust Fund; providing |
| 62 | an adjustment methodology; providing a definition; providing |
| 63 | effective dates. |