Florida Senate - 2013                          SENATOR AMENDMENT
       Bill No. CS for CS for CS for SB 306
       
       
       
       
       
       
                                Barcode 369710                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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                 Floor: WD/2R          .                                
             04/29/2013 05:09 PM       .                                
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       Senator Braynon moved the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 634 - 678
    4  and insert:
    5         (a) Constructing, reconstructing, renovating, modernizing,
    6  or improving a facility and, for newly constructed facilities,
    7  land acquisition; or reimbursing such costs.
    8         (b) Paying or pledging for the payment of debt service on,
    9  or to fund debt service reserve funds, arbitrage rebate
   10  obligations, or other amounts payable with respect thereto,
   11  bonds issued for the construction, reconstruction,
   12  modernization, improvement, or renovation of such facility and,
   13  for newly constructed facilities, land acquisition; or for the
   14  reimbursement of such costs or the refinancing of bonds issued
   15  for such purposes.
   16         (9) REPORTS.—
   17         (a) On or before November 1 of each year, an applicant
   18  certified under this section and approved to receive state funds
   19  must submit to the department any information required by the
   20  department. The department shall summarize this information for
   21  inclusion in the report to the Legislature due February 1 under
   22  paragraph (4)(d).
   23         (b) Every 5 years following the first month that an
   24  applicant receives a monthly distribution, the department must
   25  verify that the applicant is meeting the program requirements.
   26  If the applicant is not meeting program requirements, the
   27  department must notify the Governor and the Legislature of the
   28  requirements not being met and must recommend future action as
   29  part of the report to the Legislature due February 1 under
   30  paragraph (4)(d). The department shall consider exceptions that
   31  may have prevented the applicant from meeting the program
   32  requirements. Such exceptions include:
   33         1. Force majeure events.
   34         2. Significant economic downturn.
   35         3. Other extenuating circumstances.
   36         (10) AUDITS.—The Auditor General may conduct audits
   37  pursuant to s. 11.45 to verify the independent analysis required
   38  under paragraphs (6)(b) and (7)(c) and to verify that the
   39  distributions are expended as required. The Auditor General
   40  shall report the findings to the department. If the Auditor
   41  General determines that the distribution payments are not
   42  expended as required, the Auditor General must notify the
   43  Department of Revenue, which may pursue recovery of
   44  distributions under the laws and rules that govern the
   45  assessment of taxes.
   46         (11) APPLICATION RELATED TO SIGNATURE EVENT.—If an
   47  applicant intends to apply, before the 2014 Regular Session, for
   48  a signature event for which state funds for a project are
   49  requested, the applicant may apply for the program after May 1,
   50  2013. The department must review the application and recommend
   51  approval or denial of the application to the Legislature. The
   52  Legislative Budget Commission may approve such applications and
   53  distributions of funds. A distribution to an applicant is
   54  
   55  ================= T I T L E  A M E N D M E N T ================
   56         And the title is amended as follows:
   57         Delete line 76
   58  and insert:
   59         application and distribution of funds; providing for
   60         reimbursement of the state