Florida Senate - 2016                        COMMITTEE AMENDMENT
       Bill No. PCS (380674) for CS for SB 1392
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  03/01/2016           .                                

       The Committee on Appropriations (Gaetz) recommended the
    1         Senate Amendment (with title amendment)
    3         Between lines 474 and 475
    4  insert:
    5         Section 15. Subsections (1) and (2) of section 339.55,
    6  Florida Statutes, are amended to read:
    7         339.55 State-funded infrastructure bank.—
    8         (1) There is created within the Department of
    9  Transportation a state-funded infrastructure bank for the
   10  purpose of providing loans and credit enhancements to government
   11  units and private entities for use in constructing and improving
   12  transportation facilities or ancillary facilities that produce
   13  or distribute natural gas or fuel.
   14         (2) The bank may lend capital costs or provide credit
   15  enhancements for:
   16         (a) A transportation facility project that is on the State
   17  Highway System or that provides for increased mobility on the
   18  state’s transportation system or provides intermodal
   19  connectivity with airports, seaports, rail facilities, and other
   20  transportation terminals, pursuant to s. 341.053, for the
   21  movement of people and goods.
   22         (b) Projects of the Transportation Regional Incentive
   23  Program which are identified pursuant to s. 339.2819(4).
   24         (c)1. Emergency loans for damages incurred to public-use
   25  commercial deepwater seaports, public-use airports, and other
   26  public-use transit and intermodal facilities that are within an
   27  area that is part of an official state declaration of emergency
   28  pursuant to chapter 252 and all other applicable laws. Such
   29  loans:
   30         a. May not exceed 24 months in duration except in extreme
   31  circumstances, for which the Secretary of Transportation may
   32  grant up to 36 months upon making written findings specifying
   33  the conditions requiring a 36-month term.
   34         b. Require application from the recipient to the department
   35  that includes documentation of damage claims filed with the
   36  Federal Emergency Management Agency or an applicable insurance
   37  carrier and documentation of the recipient’s overall financial
   38  condition.
   39         c. Are subject to approval by the Secretary of
   40  Transportation and the Legislative Budget Commission.
   41         2. Loans provided under this paragraph must be repaid upon
   42  receipt by the recipient of eligible program funding for damages
   43  in accordance with the claims filed with the Federal Emergency
   44  Management Agency or an applicable insurance carrier, but no
   45  later than the duration of the loan.
   46         (d) Beginning July 1, 2017, applications for the
   47  development and construction of natural gas fuel production or
   48  distribution facilities used primarily to support the
   49  transportation activities at seaports or intermodal facilities
   50  may be considered for the loan program by the department. Loans
   51  under this paragraph may be used to refinance outstanding debt.
   53  ================= T I T L E  A M E N D M E N T ================
   54  And the title is amended as follows:
   55         Delete line 70
   56  and insert:
   57         year; amending s. 339.55, F.S.; revising the purpose
   58         of the state-funded infrastructure bank within the
   59         department to include constructing and improving
   60         ancillary facilities that produce or distribute
   61         natural gas or fuel; authorizing the department to
   62         consider applications for loans from the bank for
   63         development and construction of natural gas fuel
   64         production or distribution facilities used primarily
   65         to support transportation activities at seaports or
   66         intermodal facilities beginning July 1, 2017;
   67         authorizing use of such loans to refinance outstanding
   68         debt; amending s. 339.64, F.S.; requiring the