Florida Senate - 2018                          SENATOR AMENDMENT
       Bill No. CS/CS/HB 883, 2nd Eng.
                              LEGISLATIVE ACTION                        
                    Senate             .             House              

       Senator Garcia moved the following:
    1         Senate Amendment to Amendment (333236) (with title
    2  amendment)
    4         Between lines 4 and 5
    5  insert:
    6         Section 1. Subsection (1) of section 190.016, Florida
    7  Statutes, is amended to read:
    8         190.016 Bonds.—
    9         (1) SALE OF BONDS.—Bonds may be sold in blocks or
   10  installments at different times, or an entire issue or series
   11  may be sold at one time. Bonds may be sold at public or private
   12  sale after such advertisement, if any, as the board may deem
   13  advisable but not in any event at less than 90 percent of the
   14  par value thereof, together with accrued interest thereon. If
   15  bonds are sold to accredited investors, in accordance with s.
   16  189.051(2) or (4), the district must ensure that the bonds were
   17  sold in denominations of no less than $250,000. Bonds may be
   18  sold or exchanged for refunding bonds. Special assessment and
   19  revenue bonds may be delivered by the district as payment of the
   20  purchase price of any project or part thereof, or a combination
   21  of projects or parts thereof, or as the purchase price or
   22  exchange for any property, real, personal, or mixed, including
   23  franchises or services rendered by any contractor, engineer, or
   24  other person, all at one time or in blocks from time to time, in
   25  such manner and upon such terms as the board in its discretion
   26  shall determine. The price or prices for any bonds sold,
   27  exchanged, or delivered may be:
   28         (a) The money paid for the bonds;
   29         (b) The principal amount, plus accrued interest to the date
   30  of redemption or exchange, or outstanding obligations exchanged
   31  for refunding bonds; and
   32         (c) In the case of special assessment or revenue bonds, the
   33  amount of any indebtedness to contractors or other persons paid
   34  with such bonds, or the fair value of any properties exchanged
   35  for the bonds, as determined by the board.
   37  ================= T I T L E  A M E N D M E N T ================
   38  And the title is amended as follows:
   39         Between lines 123 and 124
   40  insert:
   41         190.016, F.S.; requiring a community development
   42         district to ensure that a bond sold to accredited
   43         investors in accordance with specified provisions is
   44         sold in a denomination of no less than a specified
   45         amount; amending s.