Florida Senate - 2017 SENATOR AMENDMENT Bill No. CS for SB 10 Ì3182284Î318228 LEGISLATIVE ACTION Senate . House . . . Floor: 1/WD/2R . 04/12/2017 01:40 PM . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— Senator Clemens moved the following: 1 Senate Amendment (with title amendment) 2 3 Delete everything after the enacting clause 4 and insert: 5 Section 1. Subsection (5) of section 215.618, Florida 6 Statutes, is amended to read: 7 215.618 Bonds for acquisition and improvement of land, 8 water areas, and related property interests and resources.— 9 (5) The proceeds from the sale of bonds issued pursuant to 10 this section, less the costs of issuance, the costs of funding 11 reserve accounts, and other costs with respect to the bonds, 12 shall be deposited into the Florida Forever Trust Fund. The bond 13 proceeds deposited into the Florida Forever Trust Fund shall be 14 distributed by the Department of Environmental Protection as 15 provided in s. 259.105. This subsection does not apply to 16 proceeds from the sale of bonds issued for the purposes of s. 17 373.45927. 18 Section 2. Section 373.45927, Florida Statutes, is created 19 to read: 20 373.45927 Florida Forever bonding for the Comprehensive 21 Everglades Restoration Plan.— 22 (1) As used in this section, the term: 23 (a) “Comprehensive Everglades Restoration Plan” or “CERP” 24 has the same meaning as the term “comprehensive plan” as defined 25 in s. 373.470. 26 (b) “District” means the South Florida Water Management 27 District. 28 (2) The Legislature finds that the current progress and 29 schedules for restoration of the Everglades pursuant to the 30 Comprehensive Everglades Restoration Plan are inadequate to 31 timely restore the ecological system of the Everglades and 32 timely address adverse changes in water quality and in the 33 quantity, distribution, and timing of water flows in the 34 Everglades. 35 (3) Pursuant to s. 11(e), Art. VII of the State 36 Constitution, state bonds are authorized to accelerate the 37 district’s current restoration efforts relating to CERP. 38 (4) Any CERP-related cost may be funded using proceeds from 39 Florida Forever bonds issued under s. 215.618, as authorized 40 under that section. The Legislature determines that the 41 authorization and issuance of such bonds is in the best interest 42 of the state and determines that the CERP projects should be 43 accelerated. Notwithstanding any other provision of law, 44 proceeds from the sale of such bonds, less the costs of 45 issuance, the costs of funding reserve accounts, and other costs 46 with respect to the bonds, shall be deposited in a total amount 47 of up to $1.2 billion in bond proceeds over the course of the 48 2017-2018 through 2022-2023 fiscal years to the Florida Forever 49 Trust Fund to implement CERP projects. 50 Section 3. This act shall take effect July 1, 2017. 51 52 ================= T I T L E A M E N D M E N T ================ 53 And the title is amended as follows: 54 Delete everything before the enacting clause 55 and insert: 56 A bill to be entitled 57 An act relating to water resources; amending s. 58 215.618, F.S.; providing an exception to the 59 requirement that bonds issued for acquisition and 60 improvement of land, water areas, and related property 61 interests and resources be deposited into the Florida 62 Forever Trust Fund and distributed in a specified 63 manner; creating s. 373.45927, F.S.; defining terms; 64 providing legislative findings; authorizing the 65 issuance of state bonds to accelerate certain 66 restoration efforts of the South Florida Water 67 Management District; providing that the proceeds from 68 the sale of Florida Forever bonds authorized under the 69 section may fund any costs associated with the 70 Comprehensive Everglades Restoration Plan; providing 71 for the annual deposit of the proceeds, less certain 72 costs, up to a maximum amount for a specified 73 timeframe; providing an effective date.