| 1 | A bill to be entitled |
| 2 | An act relating to the Constitutional Charter County |
| 3 | Discretionary Surtax Trust Fund; creating s. 201.032, |
| 4 | F.S.; creating the Constitutional Charter County |
| 5 | Discretionary Surtax Trust Fund within the Florida Housing |
| 6 | Finance Corporation; providing for administration of the |
| 7 | fund; providing for the use of moneys in the fund; |
| 8 | requiring balances in the fund to remain in the fund for |
| 9 | certain purposes; providing for future review and |
| 10 | termination or re-creation of the fund; providing a |
| 11 | contingent effective date. |
| 12 |
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| 13 | Be It Enacted by the Legislature of the State of Florida: |
| 14 |
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| 15 | Section 1. Section 201.032, Florida Statutes, is created |
| 16 | to read: |
| 17 | 201.032 Constitutional Charter County Discretionary Surtax |
| 18 | Trust Fund.-- |
| 19 | (1) The Constitutional Charter County Discretionary Surtax |
| 20 | Trust Fund is created within the Florida Housing Finance |
| 21 | Corporation. The moneys credited to the fund consist of revenues |
| 22 | collected from the discretionary surtax on documents under ss. |
| 23 | 125.0167 and 201.031. The fund shall be administered by the |
| 24 | board of directors of the corporation, with the assistance of |
| 25 | the Department of Revenue. The fund shall be a separate account |
| 26 | held in trust and maintained by the corporation. The fund shall |
| 27 | be used by the corporation to receive revenues from the |
| 28 | discretionary surtax on documents levied under ss. 125.0167 and |
| 29 | 201.031 and to make disbursements to each county levying the |
| 30 | surtax to provide local housing assistance as provided in s. |
| 31 | 201.031(2)(b). Moneys may be disbursed from the fund to the |
| 32 | county only on a matching basis with respect to moneys provided |
| 33 | by the county for local housing assistance as provided in s. |
| 34 | 201.031(2)(b). |
| 35 | (2) Notwithstanding the provisions of s. 216.301 and |
| 36 | pursuant to s. 216.351, any balance in the fund at the end of |
| 37 | any fiscal year shall remain in the fund at the end of that year |
| 38 | and shall be available for carrying out the purposes of the |
| 39 | fund. |
| 40 | (3) Pursuant to the provisions of s. 19(f)(2), Art. III of |
| 41 | the State Constitution, the fund shall, unless terminated |
| 42 | sooner, be terminated July 1, 2011. Prior to its scheduled |
| 43 | termination, the fund shall be reviewed as provided in s. |
| 44 | 215.3206(1) and (2). |
| 45 | Section 2. This act shall take effect July 1, 2007, if HB |
| 46 | 1357 is enacted in the same legislative session or an extension |
| 47 | thereof and becomes law. |