Florida Senate - 2013 COMMITTEE AMENDMENT
Bill No. SB 358
Barcode 955932
LEGISLATIVE ACTION
Senate . House
Comm: WD .
02/19/2013 .
.
.
.
—————————————————————————————————————————————————————————————————
—————————————————————————————————————————————————————————————————
The Committee on Commerce and Tourism (Detert) recommended the
following:
1 Senate Amendment (with directory and title amendments)
2
3 Between lines 46 and 47
4 insert:
5 (9) For each certified applicant, the department must
6 recertify every 5 years that the facility is open, continues to
7 be used by the new or retained professional sports franchise,
8 and is meeting the minimum projections for attendance and sales
9 tax revenue as required at the time of original certification.
10 If the facility is not certified as meeting the minimum
11 projections, it may be decertified by the department.
12 (a) A certified applicant has 60 days after it receives a
13 notice of intent to decertify from the department to petition
14 for review of the decertification. Within 45 days after receipt
15 of the request for review, the department must notify a
16 certified applicant of the outcome of the review.
17 (b) The department shall notify the Department of Revenue
18 that a certified applicant is decertified within 10 days after
19 the order of decertification becomes final. The Department of
20 Revenue shall immediately stop the payment of any funds under
21 this section that were not encumbered by the certified applicant
22 for the public purpose to pay or pledge for the payment of debt
23 service on, or to fund debt service reserve funds, arbitrage
24 rebate obligations, or other amounts payable with respect to,
25 bonds issued for the acquisition, construction, reconstruction,
26 or renovation of such facility or for the reimbursement of such
27 costs or the refinancing of bonds issued to pay for the
28 acquisition, construction, reconstruction, or renovation of a
29 facility for a new or retained professional sports franchise.
30 (c) The department shall order a decertified applicant to
31 repay all of the unencumbered state funds received under this
32 section and any interest that accrued on those funds. The
33 repayment must be made within 60 days after the decertification
34 order becomes final. These funds shall be deposited into the
35 General Revenue Fund.
36
37
38 ====== D I R E C T O R Y C L A U S E A M E N D M E N T ======
39 And the directory clause is amended as follows:
40 Delete lines 13 - 15
41 and insert:
42 Section 1. Paragraphs (c) and (h) of subsection (4) and
43 subsection (6) are amended, and subsection (9) is added to
44 section 288.1162, Florida Statutes, to read:
45
46 ================= T I T L E A M E N D M E N T ================
47 And the title is amended as follows:
48 Delete line 9
49 and insert:
50 League Soccer franchise; providing for recertification
51 by the Department of Economic Opportunity every five
52 years; providing for decertification of an applicant;
53 providing for notice; providing for certain
54 distributions to be discontinued; providing an
55 effective date.