HB 1491: Capital Formation for Infrastructure Projects
GENERAL BILL by Eisnaugle
Capital Formation for Infrastructure Projects; Creates Florida Infrastructure Fund Partnership; provides for management of partnership by Florida Opportunity Fund; authorizes fund to lend moneys to partnership; requires partnership to raise funds from investment partners; provides for commitment agreements with & issuance of certificates to investment partners; authorizes partnership to invest in certain infrastructure projects; prohibits partnership from pledging credit or taxing power of state; prohibits investments with certain companies; creates Florida Infrastructure Investment Trust; provides for trust's issuance of certificates to investment partners; specifies that certificates guarantee availability of tax credits; authorizes trust to charge fees; limits amount of tax credits that may be claimed or applied against state taxes in any year; provides for redemption of certificates or sale of tax credits; provides for issuance of tax credits by DOR; specifies taxes against which credits may be applied; limits period within which tax credits may be used; provides for state's obligation for use of tax credits; limits liability of fund; provides for transferability of certificates & tax credits; requires DOR to provide certain written assurance to trust; specifies that certain securities transaction requirements do not apply to certificates & tax credits transferred or sold under act; authorizes DOR to disclose certain information to partnership & trust relative to certain tax credits.
Last Action: 3/9/2012 Senate - Died in Commerce and Tourism
Bill Text: PDF
- Commerce and Tourism (CM)
- Budget (BC)
• Referred to Business and Consumer Affairs Subcommittee; Finance and Tax Committee; Economic Affairs Committee -HJ 211
• Introduced -HJ 211
• On Committee agenda-- Business and Consumer Affairs Subcommittee, 01/24/12, 8:00 am, 12 HOB
• Favorable by Business and Consumer Affairs Subcommittee; YEAS 14 NAYS 0 -HJ 262
• Now in Finance and Tax Committee -HJ 262
• On Committee agenda-- Finance and Tax Committee, 02/01/12, 1:00 pm, Morris Hall
• Favorable by Finance and Tax Committee; YEAS 19 NAYS 3 -HJ 457
• Now in Economic Affairs Committee -HJ 457
• On Committee agenda-- Economic Affairs Committee, 02/08/12, 8:00 am, Reed Hall
• Favorable by- Economic Affairs Committee; YEAS 14 NAYS 0 -HJ 573
• Placed on Calendar -HJ 573
• Placed on Special Order Calendar, 02/22/12
• Read 2nd time -HJ 725
• Placed on 3rd reading
• Read 3rd time -HJ 778
• Passed; YEAS 97 NAYS 15 -HJ 778
• In Messages
• Received -SJ 831
• Referred to Commerce and Tourism; Budget -SJ 831
• Died in Commerce and Tourism
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