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The Florida Senate

HB 1107: Utility Cost Containment Bonds


Utility Cost Containment Bonds; Designates act as "Utility Cost Containment Bond Act"; authorizes authority on behalf of local agencies to finance utility projects using cost containment bonds; provides criteria for use by local agencies in financing utility projects; specifies how utility project charges become effective & how they are to be paid; provides parameters in use of utility cost containment bonds; prohibits utility bond documents from obligating state or political subdivision thereof to enact tax or make appropriation to pay bonds; provides restrictions on type of legal obligations that financing costs constitute; clarifies issues related to utility project property; identifies lien priority of utility project property in securing payment of utility cost containment bonds; prohibits authority, or governmental officer or organization on its behalf, from filing bankruptcy; provides for liberal construction.

Effective Date: 7/1/2014
Last Action: 5/2/2014 House - Died in Finance and Tax Subcommittee
Bill Text: PDF

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  • Bill History

    Date Chamber Action
    2/25/2014 House • Filed
    3/4/2014 House • Introduced -HJ 92
    3/5/2014 House • Referred to Energy and Utilities Subcommittee; Finance and Tax Subcommittee; Regulatory Affairs Committee -HJ 204
    3/20/2014 House • On Committee agenda-- Energy and Utilities Subcommittee, 03/24/14, 12:30 pm, Webster Hall
    3/24/2014 House • Favorable by Energy and Utilities Subcommittee; YEAS 13 NAYS 0 -HJ 427
    3/31/2014 House • Now in Finance and Tax Subcommittee -HJ 427
    5/2/2014 House • Died in Finance and Tax Subcommittee

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  • HB 1107, Original Filed Version (Current Bill Version) Posted 2/25/2014 at 2:37 PM

    Bill Text:   PDF
    Analyses:   Energy and Utilities Subcommittee (Post-Meeting) 3/24/2014 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 910 (c1) Utility Projects Legg Compare Last Action: 5/2/2014 S Died in Appropriations
    Location: In committee/council (AP)

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