Florida Senate - 2013                          SENATOR AMENDMENT
       Bill No. CS for SB 1682
       
       
       
       
       
       
                                Barcode 531884                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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                 Floor: WD/2R          .                                
             05/03/2013 02:24 PM       .                                
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       Senator Smith moved the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Between lines 159 and 160
    4  insert:
    5         Section 3. Paragraph (i) is added to subsection (1) of
    6  section 163.506, Florida Statutes, to read:
    7         163.506 Local government neighborhood improvement
    8  districts; creation; advisory council; dissolution.—
    9         (1) After a local planning ordinance has been adopted
   10  authorizing the creation of local government neighborhood
   11  improvement districts, the local governing body of a
   12  municipality or county may create local government neighborhood
   13  improvement districts by the enactment of a separate ordinance
   14  for each district, which ordinance:
   15         (i) Authorizes the district to borrow money, contract
   16  loans, and issue bonds, certificates, warrants, notes, or other
   17  evidence of indebtedness to finance the undertaking of a capital
   18  or other project for a purpose permitted by the State
   19  Constitution and this part, and to pledge the funds, credit,
   20  property, and special assessment power of the district for the
   21  payment of such debts and bonds. Bonds that are issued under
   22  this paragraph must be authorized by resolution of the board, by
   23  resolution of the governing body of the municipality or county.
   24  Bonds may be issued in one or more series and shall bear such
   25  date or dates, be payable upon demand or mature at such time or
   26  times, bear interest at such rate or rates, be in such
   27  denomination or denominations, be in such form, registered or
   28  not, with or without coupon, carry such conversion or
   29  registration privileges, have such rank or priority, be executed
   30  in such manner, be payable in such medium of payment, at such
   31  place or places, and subject to such terms of redemption, with
   32  or without premium, be secured in such manner, and have such
   33  other characteristics as may be provided by such resolution or
   34  trust indenture or mortgage issued pursuant thereto.
   35  
   36  ================= T I T L E  A M E N D M E N T ================
   37         And the title is amended as follows:
   38         Delete line 23
   39  and insert:
   40         rules; amending s. 163.506, F.S.; providing that an
   41         ordinance that creates a neighborhood improvement
   42         district may authorize the district to exercise
   43         certain powers, in addition to those already granted
   44         to such districts; specifying such powers;
   45         conditioning the exercise of those powers on
   46         resolution and referendum; providing an effective
   47         date.