Florida Senate - 2009                        COMMITTEE AMENDMENT
       Bill No. CS for SB 1042
       
       
       
       
       
       
                                Barcode 924780                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                   Comm: WD            .                                
                  04/20/2009           .                                
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       The Committee on Finance and Tax (Bennett) recommended the
       following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Between lines 420 and 421
    4  insert:
    5         Section 8. Subsection (47) is added to section 420.507,
    6  Florida Statutes, and subsection (35) of that section is amended
    7  to read:
    8         420.507 Powers of the corporation.—The corporation shall
    9  have all the powers necessary or convenient to carry out and
   10  effectuate the purposes and provisions of this part, including
   11  the following powers which are in addition to all other powers
   12  granted by other provisions of this part:
   13         (35) To preclude from further participation in any of the
   14  corporation’s programs, for a period of up to 2 years, any
   15  applicant or affiliate of an applicant which has made a material
   16  misrepresentation or engaged in fraudulent actions in connection
   17  with any application for a corporation program, except that the
   18  corporation may not limit the number of applications, whether by
   19  overall number or by category, from any applicant or affiliate
   20  of an applicant that are otherwise eligible for consideration in
   21  any of the corporation's program. The prohibition on limitation
   22  of applications shall be applicable to any application cycle
   23  commenced after the effective date of this act.
   24         (47) To provide by rule in connection with any corporation
   25  competitive program, criteria establishing a preference for
   26  developers and general contractors domiciled in this state and
   27  for developers and general contractors, regardless of domicile,
   28  who have substantial experience in developing or building
   29  affordable housing through the corporation's programs.
   30         (a) In evaluating whether a developer or general contractor
   31  is domiciled in this state, the corporation shall consider
   32  whether the developer's or general contractor's principal office
   33  is located in this state and whether a majority of the
   34  developer's or general contractor's principals and financial
   35  beneficiaries reside in Florida.
   36         (b) In evaluating whether a developer or general contractor
   37  has substantial experience, the corporation shall consider
   38  whether the developer or general contractor has completed at
   39  least five developments using funds either provided by or
   40  administered by the corporation.
   41  
   42  ================= T I T L E  A M E N D M E N T ================
   43         And the title is amended as follows:
   44         Delete line 45
   45  and insert:
   46  Act; amending s. 420.507, F.S.; prohibiting the corporation from
   47  limiting the number of certain applications eligible for
   48  consideration; providing applicability; providing the
   49  corporation with certain powers related to competitive programs;
   50  providing criteria for the evaluation of domicile and experience
   51  of developers and general contractors; amending s. 420.5087,
   52  F.S.; revising purposes for