Florida Senate - 2011                                     SB 552
       
       
       
       By Senator Hays
       
       
       
       
       20-00773-11                                            2011552__
    1                        A bill to be entitled                      
    2         An act relating to transportation corporations;
    3         removing provisions that provide for nonprofit
    4         corporations to act on behalf of the Department of
    5         Transportation to secure and obtain rights-of-way for
    6         transportation systems and to assist in the planning
    7         and design of such systems; repealing ss. 339.401
    8         339.421, F.S., relating to the Florida Transportation
    9         Corporation Act, definition of terms used in the act,
   10         legislative findings and purpose, authorization of
   11         corporations, type and structure and income of
   12         corporation, contract between the Department of
   13         Transportation and the corporation, articles of
   14         incorporation, boards of directors, advisory
   15         directors, bylaws, notice of meetings and open
   16         records, amendment of articles of incorporation,
   17         powers of corporations, use of state property,
   18         exemption from taxation, authority to alter or
   19         dissolve corporation, dissolution upon completion of
   20         purposes, transfer of funds and property upon
   21         dissolution, department rules, construction of
   22         provisions, and issuance of debt; repealing s.
   23         11.45(3)(m), F.S., removing a provision for audits of
   24         transportation corporations by the Auditor General, to
   25         conform; providing an effective date.
   26  
   27  Be It Enacted by the Legislature of the State of Florida:
   28  
   29  Section 1. Sections 339.401, 339.402, 339.403, 339.404, 339.405,
   30  339.406, 339.407, 339.408, 339.409, 339.410, 339.411, 339.412,
   31  339.414, 339.415, 339.416, 339.417, 339.418, 339.419, 339.420,
   32  and 339.421, Florida Statutes, are repealed.
   33         Section 2. Paragraph (m) of subsection (3) of section
   34  11.45, Florida Statutes, is repealed.
   35         Section 3. This act shall take effect July 1, 2011.