Florida Senate - 2014 COMMITTEE AMENDMENT Bill No. CS for SB 230 Ì2814745Î281474 LEGISLATIVE ACTION Senate . House Comm: RCS . 03/13/2014 . . . . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— following: 1 Senate Amendment (with title amendment) 2 3 Delete lines 1159 - 1205 4 and insert: 5 Section 1. (1) While the governing body of the authority, 6 upon the effective date of this act, has one or more members 7 from Osceola County as provided in s. 348.753(3), Florida 8 Statutes, and the authority has the purposes and powers 9 described in s. 348.754, Florida Statutes, regarding Osceola 10 County, the Osceola County Expressway Authority shall continue 11 solely for the purpose of planning and construction of the 12 Poinciana Parkway as provided and permitted in this subsection. 13 Upon the earlier of December 31, 2016, or the completion of 14 construction of the Poinciana Parkway, a limited access facility 15 of approximately 9 miles in length in Osceola County with its 16 northwestern terminus at the intersection of County Road 54 and 17 US 17/US 92 and its southeastern terminus at the current 18 intersection of Rhododendron and Cypress Parkway, described in 19 the Osceola County Expressway Authority May 8, 2012, Master 20 Plan, all powers, governance, and control of the Osceola County 21 Expressway System, created pursuant to part V, chapter 348, 22 Florida Statutes, is transferred to the Central Florida 23 Expressway Authority, and the assets, liabilities, facilities, 24 tangible and intangible property and any rights in the property, 25 and any other legal rights of the Osceola County Expressway 26 Authority are transferred to the Central Florida Expressway 27 Authority. Part V of chapter 348, Florida Statutes, consisting 28 of ss. 348.9950–348.9961, is repealed on the same date that the 29 Osceola County Expressway System is transferred to the Central 30 Florida Expressway Authority. 31 (2) The Central Florida Expressway Authority shall comply 32 with any and all obligations of any other governmental entities 33 incurred on behalf of the Osceola County Expressway System, 34 including any obligations of Osceola County with respect to 35 operations and maintenance of the Osceola County Expressway 36 System and any loan repayment obligations, including repayment 37 obligations with respect to State Infrastructure Bank loans. 38 Except with respect to the bonds or other debt obligations 39 originally issued by Osceola County or the Osceola County 40 Expressway Authority for purposes of financing the planning and 41 construction of the Poinciana Parkway as provided and permitted 42 in subsection (1), which shall remain solely subject to the 43 covenants and agreements of Osceola County to make payments for 44 any debt service shortfalls, payment obligations transferred to 45 the Central Florida Expressway Authority shall be made from 46 revenues available for such purpose after payment of all amounts 47 required: 48 (a) Otherwise by law; 49 (b) By the terms of any resolution authorizing the issuance 50 of bonds by the authority, the Orlando-Orange County Expressway 51 Authority, or the Osceola County Expressway Authority; 52 (c) By the terms of any resolution under which bonds are 53 issued by Osceola County for the purpose of constructing 54 improvements to the Osceola County Expressway System; and 55 (d) By the terms of the memorandum of understanding between 56 the Orlando-Orange County Expressway Authority and the 57 department as ratified by the board of the Orlando-Orange County 58 Expressway Authority on February 22, 2012. 59 Section 2. The Division of Law Revision and Information is 60 directed to replace the phrase “the effective date of this act” 61 wherever it occurs in this act with the date the act becomes a 62 law. 63 Section 3. This act shall take effect upon becoming a law. 64 65 ================= T I T L E A M E N D M E N T ================ 66 And the title is amended as follows: 67 Delete line 61 68 and insert: 69 other obligations; providing a directive to the 70 Division of Law Revision and Information; providing an 71 effective date.