Florida Senate - 2017                        COMMITTEE AMENDMENT
       Bill No. CS for SB 1770
       
       
       
       
       
       
                                Ì707546=Î707546                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  04/18/2017           .                                
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       Appropriations Subcommittee on Transportation, Tourism, and
       Economic Development (Lee) recommended the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 243 - 265
    4  and insert:
    5  continued existence by a three-fifths vote of the governing body
    6  members, a community redevelopment agency in existence on July
    7  1, 2017, shall terminate on the expiration date provided in the
    8  community redevelopment agency’s charter as it exists on July 1,
    9  2017, or on September 30, 2037, whichever is earlier.
   10         (2)(a) If the governing body of the county or municipality
   11  which created the community redevelopment agency does not
   12  approve its continued existence by a three-fifths vote of the
   13  governing body members, a community redevelopment agency with
   14  outstanding bonds as of July 1, 2017, which do not mature until
   15  after the earlier of the termination date of the agency or
   16  September 30, 2037, remains in existence until the date the
   17  bonds mature.
   18         (b) A community redevelopment agency operating under this
   19  subsection on or after September 30, 2037, may not extend the
   20  maturity date of any outstanding bonds.
   21         (c) The county or municipality that created the community
   22  redevelopment agency must issue a new finding of necessity
   23  limited to timely meeting the remaining bond obligations of the
   24  community redevelopment agency.
   25         (3) On or after July 1, 2017, the governing body of a
   26  county or municipality may create a community redevelopment
   27  agency only by a three-fifths vote of the members of the
   28  
   29  ================= T I T L E  A M E N D M E N T ================
   30  And the title is amended as follows:
   31         Delete lines 22 - 28
   32  and insert:
   33         by a specified vote of the governing bodies of the
   34         counties or municipalities which created them;
   35         providing a limited exception for community
   36         redevelopment agencies with certain outstanding bond
   37         obligations; providing that a governing body of a
   38         county or municipality may create a community
   39         redevelopment agency only by a specified vote on