Senate Bill sb0670

CODING: Words stricken are deletions; words underlined are additions.
    Florida Senate - 2005                                   SB 670

    By Senator Jones





    13-667-05                                               See HB

  1                      A bill to be entitled

  2         An act relating to community colleges; amending

  3         s. 1009.23, F.S.; revising provisions relating

  4         to the fee for capital improvements, technology

  5         enhancements, or equipping student buildings

  6         and the use thereof; providing requirements for

  7         the issuance and validation of bonds; revising

  8         provisions relating to the allocation for child

  9         care centers; amending s. 1011.83, F.S.;

10         providing for funding a community college

11         authorized to grant baccalaureate degrees;

12         providing an effective date.

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14  Be It Enacted by the Legislature of the State of Florida:

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16         Section 1.  Subsection (11) of section 1009.23, Florida

17  Statutes, is amended to read:

18         1009.23  Community college student fees.--

19         (11)(a)  Each community college board of trustees may

20  establish a separate fee for capital improvements, technology

21  enhancements, or equipping student buildings which may not

22  exceed 10 percent of tuition for resident students or 10

23  percent of the sum of tuition and out-of-state fees for

24  nonresident students.  The fee for resident students shall be

25  limited to an increase of $2 per credit hour over the prior

26  year $1 per credit hour or credit-hour equivalent for

27  residents and which equals or exceeds $3 per credit hour for

28  nonresidents. Funds collected by community colleges through

29  these fees may be bonded only as provided in this subsection

30  for the purpose of financing or refinancing new construction

31  and equipment, renovation, or remodeling of educational

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    Florida Senate - 2005                                   SB 670
    13-667-05                                               See HB




 1  facilities. The fee shall be collected as a component part of

 2  the tuition and fees, paid into a separate account, and

 3  expended only to construct and equip, maintain, improve, or

 4  enhance the educational facilities of the community college.

 5  Projects funded through the use of the capital improvement fee

 6  shall meet the survey and construction requirements of chapter

 7  1013. Pursuant to s. 216.0158, each community college shall

 8  identify each project, including maintenance projects,

 9  proposed to be funded in whole or in part by such fee.

10         (b)  Capital improvement fee revenues may be pledged by

11  a board of trustees as a dedicated revenue source to the

12  repayment of debt, including lease-purchase agreements with an

13  overall term, including renewals, extensions, and refundings,

14  of not more than 7 years and revenue bonds, with a term not to

15  exceed 20 annual maturities years, and not to exceed the

16  useful life of the asset being financed, only for financing or

17  refinancing of the new construction and equipment, renovation,

18  or remodeling of educational facilities. Community colleges

19  may use the services of the Division of Bond Finance of the

20  State Board of Administration to issue any Bonds authorized

21  through the provisions of this subsection shall be. Any such

22  bonds issued by the Division of Bond Finance upon the request

23  of the community college board of trustees shall be in

24  compliance with the provisions of s. 11(d), Art. VII of the

25  State Constitution and the State Bond Act. The Division of

26  Bond Finance may pledge fees collected by one or more

27  community colleges to secure such bonds. Any project included

28  in the approved educational plant survey pursuant to chapter

29  1013 is approved pursuant to s. 11(d), Art. VII of the State

30  Constitution.

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    Florida Senate - 2005                                   SB 670
    13-667-05                                               See HB




 1         (c)  The state does hereby covenant with the holders of

 2  the bonds issued under this subsection that it will not take

 3  any action that will materially and adversely affect the

 4  rights of such holders so long as the bonds authorized by this

 5  subsection are outstanding.

 6         (d)  Any validation of the bonds issued pursuant to the

 7  State Bond Act shall be validated in the manner provided by

 8  chapter 75. Only the initial series of bonds is required to be

 9  validated. The complaint for such validation shall be filed in

10  the circuit court of the county where the seat of state

11  government is situated, the notice required to be published by

12  s. 75.06 shall be published only in the county where the

13  complaint is filed, and the complaint and order of the circuit

14  court shall be served only on the state attorney of the

15  circuit in which the action is pending.

16         (e)  A maximum of 15 percent cents per credit hour may

17  be allocated from the capital improvement fee for child care

18  centers conducted by the community college. The use of capital

19  improvement fees for such purpose shall be subordinate to the

20  payment of any bonds secured by the fees.

21         Section 2.  Section 1011.83, Florida Statutes, is

22  amended to read:

23         1011.83  Financial support of community colleges.--

24         (1)  Each community college that has been approved by

25  the Department of Education and meets the requirements of law

26  and rules of the State Board of Education shall participate in

27  the Community College Program Fund. However, funds to support

28  workforce education programs conducted by community colleges

29  shall be provided pursuant to s. 1011.80.

30         (2)  Community colleges shall fund the nonrecurring

31  costs related to the initiation of a new baccalaureate degree

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    Florida Senate - 2005                                   SB 670
    13-667-05                                               See HB




 1  program pursuant to s. 1007.33 without new state

 2  appropriations unless special grant funds are designated by

 3  the State Board of Education, subject to funding by the

 4  Legislature for this purpose. However, a new baccalaureate

 5  degree program may not accept students without a recurring

 6  appropriation for this purpose. Recurring operational funding

 7  for a community college authorized to grant baccalaureate

 8  degrees pursuant to s. 1007.33 shall be funded as follows:

 9         (a)  As a community college for its workforce education

10  programs and for its lower-division-level college credit

11  courses and programs funded in the Community College Program

12  Fund pursuant to this section.

13         (b)  As a baccalaureate-degree-level institution for

14  its upper-division-level courses and programs. State support

15  for these programs should not exceed 85 percent of the amount

16  of state support per full-time equivalent student in a

17  comparable state university program. Funds appropriated for

18  this purpose may be used only for the baccalaureate degree

19  programs.

20         Section 3.  This act shall take effect July 1, 2005.

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